Published: Sun, May 28, 2017
Money | By Armando Alvarado

Institutional Investors Lead Shift in Integrated Device Technology Inc (NASDAQ:IDTI) Sentiment

Therefore 75% are positive. State Street Corp now owns 4,720,620 shares of the semiconductor company's stock worth $111,736,000 after buying an additional 142,841 shares during the last quarter. A rating of 4 or 5 would indicate a consensus Sell. The rating was maintained by Dougherty & Company with "Buy" on Tuesday, October 27. Integrated Device Technology now has an average rating of "Buy" and an average price target of $26.13. Needham & Company LLC reiterated a "buy" rating and set a $28.00 target price on shares of Integrated Device Technology in a research report on Tuesday, April 18th.

02/16/2017 - Integrated Device Technology, Inc. was downgraded to "neutral" by analysts at Bank of America Merrill Lynch. Shelton Capital Management now owns 63,200 shares of the semiconductor company's stock valued at $241,000 after buying an additional 47,861 shares in the last quarter. The stock is now trading 8.97% above its SMA 50 and 11.69% above its SMA 200. The stock traded at a volume of 3.86 million shares.

Integrated Device Technology, Inc develops system-level solutions that optimize its customers' applications. The company has market cap of $2.36 billion. (IDTI) now has P/E (Price to Earnings) ratio of 29.8 while the company's industry has 23.67 P/E and the sector P/E is 16.67. It offers products in radio frequency, timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Investors sentiment decreased to 0.84 in 2016 Q4. Its up 0.34, from 0.09 in 2016Q3. It dived, as 35 investors sold Integrated Device Technology Inc shares while 101 reduced holdings. The hedge funds in our partner's database now have: 121.23 million shares, down from 124.51 million shares in 2016Q3. 11,255 were reported by Wright Invsts Serv.

On Thursday, Integrated Device Technology Inc (NASDAQ:IDTI) stock opened its trade at $25.09 and after floating in a range of $25.01 to $26.11, settled at $25.86.

The stock has Return on Assets (ROA) of 9.6 percent. D E Shaw And Co accumulated 0% or 18,162 shares. Credit Agricole S A reported 45,273 shares. New York State Common Retirement Fund now owns 228,408 shares of the semiconductor company's stock valued at $5,276,000 after buying an additional 5,696 shares in the last quarter.

Wall Street await Integrated Device Technology Inc (NASDAQ:IDTI) to release earnings on August, 7. Cooper Creek Partners Management Llc owns 59,708 shares or 6.31% of their United States portfolio.

Shares of the company have shown an EPS growth of 25.00% in the last 5 years. Huntington Fincl Bank holds 0% or 867 shares in its portfolio. Proshare Lc stated it has 42,367 shares. Shepard David sold $107,821 worth of Integrated Device Technology Inc (NASDAQ:IDTI) on Monday, May 15. $457,965 worth of stock was sold by WHITE BRIAN C on Monday, May 15.

Castroneves turns fast lap on Carb Day at Indianapolis Motor Speedway
Andretti Autosports will start five in the top 10 with last year's victor Alexander Rossi tops at position three. He didn't anticipate making a different kind of history last weekend. "You're only as good as your last race".

Integrated Device Tech (NASDAQ:IDTI) had an increase of 20.99% in short interest.

01/04/2017 - Pacific Crest began new coverage on Integrated Device Technology, Inc. giving the company a "overweight" rating. $237,027 worth of stock was sold by WATERS GREGORY L on Wednesday, February 15.

During last 5 trades the stock sticks nearly -0.50%.

Goldman Sachs began new coverage on Integrated Device Technology, Inc. giving the company a "neutral" rating. It has underperformed by 3.90% the S&P500.

Investors sentiment increased to 0.84 in 2016 Q4. In contrast, the average volume was 1.54 million shares. Dubuque Natl Bank & Com holds 2,190 shares. The average numbers of shares are traded in a security per day, during the recent 3-month period. Hanson Mcclain holds 0% or 100 shares in its portfolio. (NYSE:CHD) for 96,068 shares. During the same period in the prior year, the company posted $0.36 EPS.

Marcato Capital Management Lp holds 16.98% of its portfolio in Buffalo Wild Wings for 950,000 shares. (NYSE:CHD) for 572,056 shares. (IDTI) now has a value of $25.86 while the company's 52 week low is at $18.49, the shares dropped to the 52 week low on 08/03/16. Intl Group Inc reported 332,244 shares stake. (NASDAQ:CHTR). Dorsey Whitney Com Lc has 0.09% invested in Charter Communications, Inc. Zooming out to the 200-day moving average, shares have been seen trading 11.69% away from that value. 352,698 were reported by Welch Forbes Limited Liability Co. Thompson Davis reported 250 shares. 48,398 are held by Commerzbank Aktiengesellschaft Fi. The firm's revenue for the quarter was down 7.2% compared to the same quarter previous year. Shares for $993,034 were sold by IRWIN BRADLEY C. (NASDAQ:IDTI), with 6 analysts believing it is a strong buy.

Several research firms have recently weighed in on IDTI. The firm has "Buy" rating by Brean Capital given on Monday, May 23. The firm has "Buy" rating given on Wednesday, November 2 by Charter Equity. The firm earned "Hold" rating on Tuesday, October 13 by Societe Generale. The firm has "Buy" rating by Loop Capital given on Tuesday, December 6. The rating was downgraded by Longbow to "Underperform" on Friday, August 19. The rating was maintained by Jefferies on Friday, August 5 with "Buy". Wedbush has "Outperform" rating and $27 target. (NASDAQ:CHTR) for 1,427 shares. The institutional ownership stake in the corporation is 95.40%. Lyondellbasell Indu (NYSE:LYB) was raised too.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Like this: