Cerebellum GP LLC grew its position in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 7,568.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,291 shares of the semiconductor company’s stock after acquiring an additional 5,222 shares during the period. Cerebellum GP LLC’s holdings in Integrated Device Technology were worth $256,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Integrated Device Technology by 1.9% during the third quarter. Vanguard Group Inc. now owns 11,954,251 shares of the semiconductor company’s stock valued at $561,970,000 after buying an additional 223,814 shares during the period. Vanguard Group Inc increased its position in shares of Integrated Device Technology by 1.9% during the third quarter. Vanguard Group Inc now owns 11,954,251 shares of the semiconductor company’s stock valued at $561,970,000 after buying an additional 223,814 shares during the period. Pentwater Capital Management LP purchased a new position in shares of Integrated Device Technology during the third quarter valued at about $143,381,000. Alpine Associates Management Inc. purchased a new position in shares of Integrated Device Technology during the third quarter valued at about $95,985,000. Finally, FIL Ltd purchased a new position in shares of Integrated Device Technology during the third quarter valued at about $51,711,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on IDTI shares. Craig Hallum cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research report on Wednesday, October 17th. ValuEngine upgraded shares of Integrated Device Technology from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 19th. BidaskClub cut shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research reiterated a “sell” rating on shares of Integrated Device Technology in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.91.

Shares of IDTI opened at $48.43 on Friday. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 3.32 and a beta of 1.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 4.17 and a current ratio of 4.65. Integrated Device Technology Inc has a fifty-two week low of $26.96 and a fifty-two week high of $48.70.

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings data on Monday, October 29th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $235.48 million for the quarter, compared to analysts’ expectations of $234.07 million. Integrated Device Technology had a net margin of 2.06% and a return on equity of 29.69%. As a group, equities analysts predict that Integrated Device Technology Inc will post 1.45 earnings per share for the current year.

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About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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

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