Hood River Capital Management LLC lifted its stake in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 55.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 942,247 shares of the semiconductor company’s stock after buying an additional 337,056 shares during the quarter. Integrated Device Technology accounts for approximately 1.6% of Hood River Capital Management LLC’s holdings, making the stock its 21st largest holding. Hood River Capital Management LLC owned about 0.71% of Integrated Device Technology worth $25,045,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IDTI. Riverhead Capital Management LLC raised its holdings in shares of Integrated Device Technology by 77.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 2,090 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Integrated Device Technology by 15.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 670 shares during the period. Advisor Group Inc. raised its holdings in shares of Integrated Device Technology by 13.7% during the 2nd quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Integrated Device Technology by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 525 shares during the period. Finally, Fortaleza Asset Management Inc. purchased a new stake in shares of Integrated Device Technology during the 2nd quarter valued at about $152,000. Institutional investors and hedge funds own 97.50% of the company’s stock.

Several brokerages recently commented on IDTI. KeyCorp reiterated an “overweight” rating on shares of Integrated Device Technology in a report on Thursday, September 14th. Loop Capital raised their target price on Integrated Device Technology from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. ValuEngine upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research downgraded Integrated Device Technology from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Craig Hallum lifted their price objective on Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.23.

In other news, VP Chris Allexandre sold 1,028 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $32.23, for a total value of $33,132.44. Following the completion of the sale, the vice president now directly owns 49,936 shares in the company, valued at approximately $1,609,437.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Xianzhi Sean Fan sold 67,041 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $31.72, for a total value of $2,126,540.52. Following the completion of the sale, the insider now owns 138,993 shares of the company’s stock, valued at $4,408,857.96. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/hood-river-capital-management-llc-has-25-05-million-position-in-integrated-device-technology-inc-idti/1707499.html.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) traded up $0.66 during midday trading on Thursday, hitting $32.04. The stock had a trading volume of 484,737 shares, compared to its average volume of 1,594,442. Integrated Device Technology, Inc. has a 1-year low of $21.80 and a 1-year high of $33.92. The company has a quick ratio of 4.80, a current ratio of 5.42 and a debt-to-equity ratio of 0.41. The company has a market cap of $4,250.00, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.10 and a beta of 1.98.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $200.99 million. During the same period in the previous year, the business earned $0.34 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts forecast that Integrated Device Technology, Inc. will post 1.15 EPS for the current year.

About Integrated Device Technology

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.

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

Receive News & Ratings for Integrated Device Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.