Rothschild Asset Management Inc Sells A Lot More Integrated Devices (IDTI) Stock

The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has "Buy" rating given on Monday, October 16 by KeyBanc Capital Markets.

According to Zacks, "Integrated Device Technology, Inc. develops system-level solutions that optimize its customers' applications". IDT's market-leading products in RF, real-time interconnect, wireless power, and SmartSensors are among the company's broad array of complete mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments.

IDTI has been the topic of several other research reports. The company now has an average rating of "Buy" and a consensus target price of $32.23. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has "Buy" rating given on Tuesday, October 31 by Summit Redstone Partners. KeyCorp reiterated a buy rating and set a $30.00 price target on shares of Integrated Device Technology in a research note on Friday, September 1st. Equity analyst Bank of America Corporation raised the price target on October 31 changing the forecast from $27.00 to $30.00 and issued a "Underperform" recommendation. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. Integrated Device Technology now has an average rating of "Buy" and a consensus target price of $32.23. D E Shaw & holds 0.01% in Integrated Device Technology Inc (NASDAQ:IDTI) or 161,288 shares. Brean Capital's price target points to a potential upside of 10.18% from the company's previous close. 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 $21.80 and a twelve month high of $33.92. Integrated Devices now has a P/E ratio of 45.26 and the market cap of the company is 4.37B.

More notable recent Integrated Device Technology Inc (NASDAQ:IDTI) news were published by: Prnewswire.com which released: "Qualcomm Datacenter Technologies to use IDT DDR4 chipset for the Qualcomm ..." on November 08, 2017, also Seekingalpha.com with their article: "Integrated Device Technology (IDTI) Q2 2018 Results - Earnings Call Transcript" published on October 31, 2017, Prnewswire.com published: "Stocks Under Scanner in the Semiconductor Space - Integrated Device ..." on October 23, 2017. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Integrated Device Technology I now has $4.32 billion valuation. The business had revenue of $204.40 million for the quarter, compared to analyst estimates of $200.99 million. During the same period in the prior year, the business earned $0.34 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter a year ago.

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Gabelli Funds LLC reduced its stake in Integrated Device Technology, Inc. The shares were sold at an average price of $31.72, for a total transaction of $2,126,540.52. Amalgamated Bank owns 18,411 shares with a value of $489,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chris Allexandre sold 1,028 shares of the firm's stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $32.23, for a total transaction of $33,132.44. Following the sale, the vice president now directly owns 49,936 shares of the company's stock, valued at approximately $1,609,437.28. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in Integrated Device Technology by 5.1% during the 2nd quarter. Finally, Kennedy Capital Management Inc. purchased a new stake in Integrated Device Technology during the first quarter valued at about $4,090,000. Finally, State Street Corp boosted its stake in shares of Integrated Device Technology by 2.8% in the second quarter. 1492 Capital Management LLC trimmed its ownership by selling 239 shares a decrease of 0.2% in the quarter. OxFORD Asset Management LLP bought a new position in Integrated Device Technology in the third quarter valued at approximately $561,000. Greenwood Capital Associates LLC lifted its position in Integrated Device Technology by 1.3% during the 2nd quarter. Westfield Capital Management Co.

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