American International Group Inc. raised its stake in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 346,622 shares of the semiconductor company’s stock after purchasing an additional 2,434 shares during the period. American International Group Inc.’s holdings in Integrated Device Technology were worth $16,295,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Atria Investments LLC bought a new stake in Integrated Device Technology during the second quarter valued at about $200,000. CIBC Asset Management Inc bought a new stake in Integrated Device Technology during the third quarter valued at about $217,000. Oakbrook Investments LLC bought a new stake in Integrated Device Technology during the third quarter valued at about $235,000. Keybank National Association OH bought a new stake in Integrated Device Technology during the third quarter valued at about $237,000. Finally, Trexquant Investment LP bought a new stake in Integrated Device Technology during the second quarter valued at about $295,000. 92.13% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Gregory L. Waters sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $42.63, for a total transaction of $852,600.00. Following the completion of the transaction, the chief executive officer now directly owns 790,370 shares of the company’s stock, valued at $33,693,473.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Sailesh Chittipeddi sold 33,300 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $47.01, for a total value of $1,565,433.00. Following the transaction, the senior vice president now directly owns 193,095 shares of the company’s stock, valued at $9,077,395.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,300 shares of company stock valued at $2,545,983. 1.23% of the stock is owned by corporate insiders.
NASDAQ IDTI opened at $46.86 on Friday. The stock has a market capitalization of $6.04 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 3.22 and a beta of 1.69. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.65 and a quick ratio of 4.17. Integrated Device Technology Inc has a twelve month low of $26.96 and a twelve month high of $47.45.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, October 29th. The semiconductor company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $235.48 million during the quarter, compared to analyst estimates of $234.07 million. Integrated Device Technology had a return on equity of 29.69% and a net margin of 2.06%. Equities research analysts predict that Integrated Device Technology Inc will post 1.45 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “American International Group Inc. Buys 2,434 Shares of Integrated Device Technology Inc (IDTI)” was first posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/11/24/american-international-group-inc-buys-2434-shares-of-integrated-device-technology-inc-idti.html.
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.
See Also: What is a Candlestick Chart?
Want to see what other hedge funds are holding IDTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Integrated Device Technology Inc (NASDAQ:IDTI).
Receive News & Ratings for Integrated Device Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology and related companies with MarketBeat.com's FREE daily email newsletter.