Canada Pension Plan Investment Board raised its position in Integrated Device Technology, Inc. (NASDAQ:IDTI) by 120.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,200 shares of the semiconductor company’s stock after buying an additional 42,800 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of Integrated Device Technology worth $2,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of IDTI. Snow Capital Management LP raised its position in shares of Integrated Device Technology by 2,388.4% in the first quarter. Snow Capital Management LP now owns 1,207,492 shares of the semiconductor company’s stock valued at $28,581,000 after buying an additional 1,158,967 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Integrated Device Technology by 57.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,487,425 shares of the semiconductor company’s stock valued at $64,151,000 after buying an additional 907,200 shares during the period. Chartwell Investment Partners LLC purchased a new position in shares of Integrated Device Technology during the first quarter valued at about $20,815,000. Alliancebernstein L.P. raised its position in shares of Integrated Device Technology by 28.8% in the first quarter. Alliancebernstein L.P. now owns 3,093,168 shares of the semiconductor company’s stock valued at $73,215,000 after buying an additional 692,356 shares during the period. Finally, Scout Investments Inc. purchased a new position in shares of Integrated Device Technology during the first quarter valued at about $11,886,000. 93.33% of the stock is currently owned by institutional investors.

Shares of Integrated Device Technology, Inc. (NASDAQ IDTI) opened at 23.59 on Friday. The stock has a 50 day moving average price of $25.06 and a 200-day moving average price of $24.51. The firm has a market capitalization of $3.15 billion, a PE ratio of 30.64 and a beta of 1.97. Integrated Device Technology, Inc. has a 52-week low of $19.35 and a 52-week high of $27.09.

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.07. The business had revenue of $196.71 million for the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities analysts forecast that Integrated Device Technology, Inc. will post $1.49 EPS for the current year.

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A number of equities research analysts recently commented on IDTI shares. Zacks Investment Research upgraded Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Wednesday, July 5th. Loop Capital restated a “buy” rating and issued a $29.00 price target on shares of Integrated Device Technology in a report on Tuesday, August 22nd. BidaskClub downgraded Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Needham & Company LLC restated a “buy” rating on shares of Integrated Device Technology in a report on Tuesday, August 1st. Finally, Barclays PLC restated an “underweight” rating on shares of Integrated Device Technology in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.00.

In related news, VP Mario Montana sold 20,374 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $24.43, for a total value of $497,736.82. Following the completion of the sale, the vice president now directly owns 67,443 shares in the company, valued at approximately $1,647,632.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory L. Waters sold 170,718 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $24.36, for a total value of $4,158,690.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,541 shares of company stock valued at $5,398,165. 1.24% of the stock is owned by corporate insiders.

Integrated Device Technology Company 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.

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

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