Integrated Device Technology Inc (NASDAQ:IDTI) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in Integrated Device Technology Inc (NASDAQ:IDTI) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 343,063 shares of the semiconductor company’s stock after acquiring an additional 13,563 shares during the period. California Public Employees Retirement System owned approximately 0.26% of Integrated Device Technology worth $9,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IDTI. Schwab Charles Investment Management Inc. lifted its holdings in shares of Integrated Device Technology by 4.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 740,070 shares of the semiconductor company’s stock valued at $19,087,000 after purchasing an additional 29,121 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Integrated Device Technology by 20.9% during the second quarter. Legal & General Group Plc now owns 103,444 shares of the semiconductor company’s stock valued at $2,671,000 after purchasing an additional 17,853 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Integrated Device Technology by 136.7% during the second quarter. BNP Paribas Arbitrage SA now owns 67,268 shares of the semiconductor company’s stock valued at $1,735,000 after purchasing an additional 38,852 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Integrated Device Technology by 0.9% during the second quarter. Prudential Financial Inc. now owns 89,897 shares of the semiconductor company’s stock valued at $2,318,000 after purchasing an additional 784 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Integrated Device Technology by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 525 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Integrated Device Technology Inc (IDTI) opened at $32.26 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.42 and a quick ratio of 4.80. Integrated Device Technology Inc has a 12 month low of $22.70 and a 12 month high of $33.92. The company has a market capitalization of $4,300.00, a PE ratio of 44.81, a PEG ratio of 3.12 and a beta of 1.97.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The firm had revenue of $204.40 million for the quarter, compared to the consensus estimate of $200.99 million. During the same quarter last year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. research analysts expect that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.

In other news, VP Chris Allexandre sold 1,028 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $32.23, for a total value of $33,132.44. Following the transaction, the vice president now owns 49,936 shares of the company’s stock, valued at $1,609,437.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Xianzhi Sean Fan sold 67,041 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $31.72, for a total value of $2,126,540.52. Following the completion of the transaction, the insider now directly owns 138,993 shares in the company, valued at approximately $4,408,857.96. The disclosure for this sale can be found here. Insiders sold 105,264 shares of company stock worth $3,310,127 in the last ninety days. Corporate insiders own 1.24% of the company’s stock.

IDTI has been the topic of a number of research analyst reports. Summit Redstone raised Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Craig Hallum upped their price target on Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Dougherty & Co increased their target price on Integrated Device Technology from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Integrated Device Technology in a report on Tuesday, October 31st. Finally, Loop Capital increased their target price on Integrated Device Technology from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.23.

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Integrated Device Technology Profile

Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Institutional Ownership by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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