Westfield Capital Management Co. LP increased its holdings in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,053,795 shares of the semiconductor company’s stock after purchasing an additional 5,885 shares during the period. Westfield Capital Management Co. LP owned approximately 0.79% of Integrated Device Technology worth $28,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aperio Group LLC increased its stake in Integrated Device Technology by 13.4% during the second quarter. Aperio Group LLC now owns 32,523 shares of the semiconductor company’s stock valued at $839,000 after acquiring an additional 3,853 shares during the period. Russell Investments Group Ltd. increased its stake in Integrated Device Technology by 12.9% during the second quarter. Russell Investments Group Ltd. now owns 375,260 shares of the semiconductor company’s stock valued at $9,678,000 after acquiring an additional 42,987 shares during the period. ING Groep NV bought a new position in Integrated Device Technology during the second quarter valued at about $417,000. Janney Montgomery Scott LLC bought a new position in Integrated Device Technology during the second quarter valued at about $296,000. Finally, World Asset Management Inc bought a new position in Integrated Device Technology during the second quarter valued at about $215,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on IDTI. ValuEngine upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Roth Capital boosted their price target on Integrated Device Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. KeyCorp restated a “buy” rating and set a $33.00 price target on shares of Integrated Device Technology in a research note on Wednesday, November 1st. Zacks Investment Research lowered Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Craig Hallum boosted their price target on Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Integrated Device Technology presently has an average rating of “Buy” and a consensus price target of $32.23.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) opened at $29.93 on Tuesday. Integrated Device Technology, Inc. has a 12 month low of $22.58 and a 12 month high of $33.92. The firm has a market capitalization of $4,084.67, a P/E ratio of 27.95, a PEG ratio of 2.97 and a beta of 1.96. The company has a quick ratio of 4.80, a current ratio of 5.42 and a debt-to-equity ratio of 0.41.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the 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 company had revenue of $204.40 million for the quarter, compared to analyst estimates of $200.99 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts predict that Integrated Device Technology, Inc. will post 1.15 earnings per share for the current year.

In other news, insider Xianzhi Sean Fan sold 67,041 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $31.72, for a total value of $2,126,540.52. Following the sale, the insider now directly owns 138,993 shares in the company, valued at approximately $4,408,857.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Chris Allexandre sold 1,028 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were 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 owns 49,936 shares in the company, valued at $1,609,437.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,069 shares of company stock worth $2,354,373. Corporate insiders own 1.24% of the company’s stock.

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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.

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

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