Candriam Luxembourg S.C.A. increased its stake in Integrated Device Technology Inc (NASDAQ:IDTI) by 169.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,237 shares of the semiconductor company’s stock after acquiring an additional 88,837 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.11% of Integrated Device Technology worth $6,840,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in IDTI. First Hawaiian Bank grew its position in Integrated Device Technology by 300.0% in the 4th quarter. First Hawaiian Bank now owns 560 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 420 shares during the period. Oregon Public Employees Retirement Fund grew its position in Integrated Device Technology by 4,743.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,461,697 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 2,410,867 shares during the period. Enlightenment Research LLC acquired a new stake in Integrated Device Technology in the 4th quarter valued at $102,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Integrated Device Technology in the 3rd quarter valued at $107,000. Finally, Meeder Asset Management Inc. grew its position in Integrated Device Technology by 713.3% in the 4th quarter. Meeder Asset Management Inc. now owns 4,091 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 3,588 shares during the period. Institutional investors own 90.21% of the company’s stock.
IDTI opened at $47.84 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 3.68 and a beta of 1.22. Integrated Device Technology Inc has a 1 year low of $27.71 and a 1 year high of $48.93.
Several research firms recently issued reports on IDTI. BidaskClub downgraded shares of Integrated Device Technology from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Charter Equity downgraded shares of Integrated Device Technology from a “buy” rating to a “market perform” rating in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $42.91.
In other Integrated Device Technology news, VP Chris Allexandre sold 2,569 shares of Integrated Device Technology stock in a transaction on Friday, March 15th. The shares were sold at an average price of $48.31, for a total transaction of $124,108.39. Following the transaction, the vice president now directly owns 101,640 shares of the company’s stock, valued at approximately $4,910,228.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.23% of the stock is owned by insiders.
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Integrated Device Technology Company Profile
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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