Schwab Charles Investment Management Inc. grew its holdings in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 811,619 shares of the semiconductor company’s stock after buying an additional 71,549 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.61% of Integrated Device Technology worth $21,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IDTI. Aperio Group LLC grew 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 worth $839,000 after buying an additional 3,853 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Integrated Device Technology during the second quarter worth approximately $296,000. World Asset Management Inc purchased a new stake in Integrated Device Technology during the second quarter worth approximately $215,000. Canada Pension Plan Investment Board lifted its position in shares of Integrated Device Technology by 120.9% during the second quarter. Canada Pension Plan Investment Board now owns 78,200 shares of the semiconductor company’s stock worth $2,017,000 after purchasing an additional 42,800 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Integrated Device Technology by 1.1% during the second quarter. Arizona State Retirement System now owns 56,100 shares of the semiconductor company’s stock worth $1,447,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

A number of research analysts have recently commented on the stock. ValuEngine cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Roth Capital boosted their target price on shares of Integrated Device Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $33.00 target price on shares of Integrated Device Technology in a research report on Wednesday, November 1st. Finally, Bank of America boosted their target price on shares of Integrated Device Technology from $27.00 to $30.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.23.

Shares of Integrated Device Technology Inc (NASDAQ:IDTI) opened at $30.44 on Friday. The stock has a market cap of $3,986.37, a price-to-earnings ratio of 27.28, a P/E/G ratio of 2.90 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 Inc has a twelve month low of $22.70 and a twelve month high of $33.92.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $200.99 million. Integrated Device Technology had a net margin of 9.14% and a return on equity of 9.59%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. equities analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.

In related news, VP Chris Allexandre sold 1,028 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 49,936 shares of the company’s stock, valued at $1,609,437.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Xianzhi Sean Fan sold 67,041 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the completion of the sale, the insider now directly owns 138,993 shares in the company, valued at $4,408,857.96. The disclosure for this sale can be found here. Insiders sold 74,069 shares of company stock worth $2,354,373 over the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

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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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