QS Investors LLC reduced its position in Integrated Device Technology, Inc. (NASDAQ:IDTI) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,535 shares of the semiconductor company’s stock after selling 3,534 shares during the period. QS Investors LLC owned about 0.12% of Integrated Device Technology worth $4,166,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IDTI. Great West Life Assurance Co. Can raised its stake in shares of Integrated Device Technology by 4.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 78,748 shares of the semiconductor company’s stock worth $1,861,000 after purchasing an additional 3,330 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Integrated Device Technology in the 1st quarter valued at approximately $679,000. Parametric Portfolio Associates LLC increased its holdings in Integrated Device Technology by 97.6% in the first quarter. Parametric Portfolio Associates LLC now owns 351,583 shares of the semiconductor company’s stock worth $8,322,000 after buying an additional 173,644 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Integrated Device Technology in the first quarter worth approximately $214,000. Finally, Envestnet Asset Management Inc. increased its holdings in Integrated Device Technology by 168.9% in the first quarter. Envestnet Asset Management Inc. now owns 16,647 shares of the semiconductor company’s stock worth $391,000 after buying an additional 10,457 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

In other news, VP Mario Montana sold 20,374 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $24.43, for a total transaction of $497,736.82. Following the transaction, the vice president now directly owns 67,443 shares in the company, valued at approximately $1,647,632.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Kenneth Kannappan acquired 2,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $24.32 per share, for a total transaction of $48,640.00. Following the completion of the purchase, the director now directly owns 18,637 shares in the company, valued at $453,251.84. The disclosure for this purchase can be found here. Corporate insiders own 1.24% of the company’s stock.

Shares of Integrated Device Technology, Inc. (IDTI) opened at 27.15 on Tuesday. Integrated Device Technology, Inc. has a 12-month low of $19.38 and a 12-month high of $28.08. The company’s 50 day moving average is $25.30 and its 200 day moving average is $24.79. The company has a market capitalization of $3.62 billion, a P/E ratio of 35.26 and a beta of 1.98.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.07). Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The company had revenue of $196.71 million during the quarter, compared to analyst estimates of $195.10 million. During the same period in the previous year, the company posted $0.36 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts expect that Integrated Device Technology, Inc. will post $1.49 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on IDTI. KeyCorp reaffirmed a “buy” rating and set a $30.00 price objective on shares of Integrated Device Technology in a research report on Friday, September 1st. Zacks Investment Research raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, July 5th. Loop Capital reissued a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Needham & Company LLC restated a “buy” rating on shares of Integrated Device Technology in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Integrated Device Technology currently has a consensus rating of “Hold” and an average price target of $28.36.

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

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