Oregon Public Employees Retirement Fund Has $1.26 Million Position in Integrated Device Technology, Inc. (NASDAQ:IDTI)

Oregon Public Employees Retirement Fund boosted its stake in Integrated Device Technology, Inc. (NASDAQ:IDTI) by 4.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 48,854 shares of the semiconductor company’s stock after buying an additional 2,065 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Integrated Device Technology were worth $1,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Israel Discount Bank of New York purchased a new position in Integrated Device Technology during the first quarter valued at $103,000. TrimTabs Asset Management LLC boosted its position in Integrated Device Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,745 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 2,232 shares during the last quarter. Elkfork Partners LLC boosted its position in Integrated Device Technology by 22.2% in the first quarter. Elkfork Partners LLC now owns 5,324 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 968 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in Integrated Device Technology by 22.2% in the first quarter. Meadow Creek Investment Management LLC now owns 6,776 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 1,232 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in Integrated Device Technology by 22.2% in the first quarter. Glen Harbor Capital Management LLC now owns 8,228 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 1,496 shares during the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) traded down 0.17% on Friday, hitting $23.53. The company had a trading volume of 1,494,272 shares. Integrated Device Technology, Inc. has a 1-year low of $18.84 and a 1-year high of $27.09. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 30.56 and a beta of 1.97. The company has a 50 day moving average price of $25.51 and a 200 day moving average price of $24.64.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $196.71 million during the quarter, compared to the consensus estimate of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. Integrated Device Technology’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities analysts forecast that Integrated Device Technology, Inc. will post $1.49 earnings per share for the current fiscal year.

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Several research analysts have weighed in on IDTI shares. Zacks Investment Research upgraded Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, July 5th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Integrated Device Technology in a research report on Tuesday, April 18th. BidaskClub cut Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Longbow Research started coverage on Integrated Device Technology in a research report on Friday, June 9th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) started coverage on Integrated Device Technology in a research report on Monday, April 17th. They set a “neutral” rating and a $24.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.67.

In other news, SVP Sailesh Chittipeddi sold 4,538 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $24.04, for a total transaction of $109,093.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mario Montana sold 4,305 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $24.04, for a total value of $103,492.20. The disclosure for this sale can be found here. Insiders sold a total of 309,390 shares of company stock worth $7,586,982 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

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)

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