Integrated Device Technology, Inc. (IDTI) CEO Sells $4,158,690.48 in Stock

Integrated Device Technology, Inc. (NASDAQ:IDTI) CEO Gregory L. Waters sold 170,718 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Gregory L. Waters also recently made the following trade(s):

  • On Monday, May 15th, Gregory L. Waters sold 19,762 shares of Integrated Device Technology stock. The stock was sold at an average price of $24.04, for a total value of $475,078.48.

Shares of Integrated Device Technology, Inc. (IDTI) traded up 0.37% during trading on Friday, hitting $24.50. The stock had a trading volume of 2,132,341 shares. The stock’s 50-day moving average price is $24.43 and its 200 day moving average price is $24.33. The firm has a market capitalization of $3.26 billion, a P/E ratio of 30.66 and a beta of 1.93. Integrated Device Technology, Inc. has a 1-year low of $18.49 and a 1-year high of $26.66.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, May 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $175.70 million during the quarter, compared to analyst estimates of $175.05 million. Integrated Device Technology had a return on equity of 21.80% and a net margin of 15.17%. Integrated Device Technology’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. On average, analysts anticipate that Integrated Device Technology, Inc. will post $1.50 earnings per share for the current year.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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A number of research firms have issued reports on IDTI. Longbow Research began coverage on Integrated Device Technology in a research report on Friday, June 9th. They issued a “buy” rating and a $31.00 target price for the company. Bank of America Corporation downgraded Integrated Device Technology from a “buy” rating to a “neutral” rating in a research report on Thursday, February 16th. BidaskClub downgraded Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Needham & Company LLC raised their target price on Integrated Device Technology from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $26.77.

Large investors have recently bought and sold shares of the company. Elkfork Partners LLC bought a new stake in Integrated Device Technology during the fourth quarter valued at approximately $103,000. Israel Discount Bank of New York bought a new stake in Integrated Device Technology during the first quarter valued at approximately $103,000. TrimTabs Asset Management LLC raised its stake in Integrated Device Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,745 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 2,232 shares during the period. Meadow Creek Investment Management LLC raised its stake in Integrated Device Technology by 22.2% in the first quarter. Meadow Creek Investment Management LLC now owns 6,776 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 1,232 shares during the period. Finally, Glen Harbor Capital Management LLC raised its stake in Integrated Device Technology by 22.2% in the first quarter. Glen Harbor Capital Management LLC now owns 8,228 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 1,496 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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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