Integrated Device Technology Inc (IDTI) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 23.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,375 shares of the semiconductor company’s stock after selling 4,090 shares during the period. Crossmark Global Holdings Inc.’s holdings in Integrated Device Technology were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Aperio Group LLC lifted its holdings in shares of Integrated Device Technology by 8.6% during the third quarter. Aperio Group LLC now owns 32,579 shares of the semiconductor company’s stock worth $1,532,000 after purchasing an additional 2,582 shares during the period. Oakbrook Investments LLC acquired a new position in shares of Integrated Device Technology during the third quarter worth $235,000. Seven Eight Capital LP acquired a new position in shares of Integrated Device Technology during the third quarter worth $7,738,000. Strs Ohio lifted its holdings in shares of Integrated Device Technology by 11.2% during the third quarter. Strs Ohio now owns 21,900 shares of the semiconductor company’s stock worth $1,029,000 after purchasing an additional 2,200 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Integrated Device Technology by 8.5% during the third quarter. Xact Kapitalforvaltning AB now owns 20,397 shares of the semiconductor company’s stock worth $959,000 after purchasing an additional 1,600 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

IDTI has been the topic of a number of recent research reports. Craig Hallum lowered shares of Integrated Device Technology from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a report on Wednesday, October 17th. BidaskClub downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Charter Equity downgraded shares of Integrated Device Technology from a “buy” rating to a “market perform” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research reissued a “sell” rating on shares of Integrated Device Technology in a research note on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.91.

Shares of NASDAQ IDTI opened at $48.56 on Thursday. Integrated Device Technology Inc has a twelve month low of $27.16 and a twelve month high of $48.93. The firm has a market cap of $6.27 billion, a P/E ratio of 38.24, a PEG ratio of 3.63 and a beta of 1.33. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.10.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, January 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Integrated Device Technology had a return on equity of 30.02% and a net margin of 11.68%. The firm had revenue of $240.59 million for the quarter, compared to the consensus estimate of $236.64 million. On average, research analysts predict that Integrated Device Technology Inc will post 1.33 EPS for the current fiscal year.

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About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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

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