Integrated Device Technology (IDTI) Stake Lowered by Segall Bryant & Hamill LLC
Segall Bryant & Hamill LLC lessened its holdings in Integrated Device Technology (NASDAQ:IDTI) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,764,874 shares of the semiconductor company’s stock after selling 257,440 shares during the period. Integrated Device Technology makes up 1.2% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 16th largest position. Segall Bryant & Hamill LLC owned 1.33% of Integrated Device Technology worth $53,935,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in IDTI. Schwab Charles Investment Management Inc. lifted its stake in Integrated Device Technology by 2.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 833,551 shares of the semiconductor company’s stock worth $24,782,000 after acquiring an additional 21,932 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Integrated Device Technology by 47.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock worth $227,000 after acquiring an additional 2,441 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Integrated Device Technology during the 4th quarter worth about $360,000. Crossmark Global Holdings Inc. lifted its stake in Integrated Device Technology by 21.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 20,646 shares of the semiconductor company’s stock worth $614,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Integrated Device Technology by 319.1% during the 4th quarter. Teacher Retirement System of Texas now owns 45,948 shares of the semiconductor company’s stock worth $1,366,000 after purchasing an additional 34,985 shares during the period. 99.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Chris Allexandre sold 3,000 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $34.17, for a total value of $102,510.00. Following the transaction, the vice president now owns 71,724 shares in the company, valued at approximately $2,450,809.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mario Montana sold 7,918 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $30.80, for a total value of $243,874.40. Following the completion of the transaction, the vice president now owns 72,834 shares in the company, valued at approximately $2,243,287.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,307 shares of company stock worth $5,126,761. Company insiders own 1.24% of the company’s stock.
Shares of Integrated Device Technology traded up $0.53, reaching $34.82, during mid-day trading on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 7,016 shares, compared to its average volume of 1,370,959. Integrated Device Technology has a 12-month low of $23.07 and a 12-month high of $34.75. The company has a market cap of $4.41 billion, a P/E ratio of 27.10, a PEG ratio of 2.20 and a beta of 1.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.23 and a current ratio of 4.83.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, April 30th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Integrated Device Technology had a positive return on equity of 23.10% and a negative net margin of 1.44%. The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $222.20 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. analysts predict that Integrated Device Technology will post 1.43 earnings per share for the current fiscal year.
Integrated Device Technology Profile
Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and Internet-of-things end-markets. It operates in two segments, Communications; and Computing, Consumer, and Industrial.
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