Kingdom Ridge Capital buys $6,962,000 stake in Integrated Device Technology Inc (IDTI)

Integrated Device Technology Inc (IDTI) : Kingdom Ridge Capital scooped up 75,000 additional shares in Integrated Device Technology Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 295,000 shares of Integrated Device Technology Inc which is valued at $6,962,000.Integrated Device Technology Inc makes up approximately 6.29% of Kingdom Ridge Capital’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in IDTI in the latest quarter, The investment management firm added 31,365 additional shares and now holds a total of 1,716,568 shares of Integrated Device Technology Inc which is valued at $40,511,005. Integrated Device Technology Inc makes up approx 0.23% of Glenmede Trust Co Na’s portfolio.Proshare Advisors reduced its stake in IDTI by selling 6,832 shares or 18.77% in the most recent quarter. The Hedge Fund company now holds 29,576 shares of IDTI which is valued at $660,728. Integrated Device Technology Inc makes up approx 0.01% of Proshare Advisors’s portfolio.New York State Common Retirement Fund boosted its stake in IDTI in the latest quarter, The investment management firm added 5,696 additional shares and now holds a total of 228,408 shares of Integrated Device Technology Inc which is valued at $5,228,259. Integrated Device Technology Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Tygh Capital Management boosted its stake in IDTI in the latest quarter, The investment management firm added 181 additional shares and now holds a total of 141,364 shares of Integrated Device Technology Inc which is valued at $3,196,240. Integrated Device Technology Inc makes up approx 0.90% of Tygh Capital Management’s portfolio.

Integrated Device Technology Inc opened for trading at $24.79 and hit $25.21 on the upside on Monday, eventually ending the session at $25.11, with a gain of 0.92% or 0.23 points. The heightened volatility saw the trading volume jump to 23,85,750 shares. Company has a market cap of $3,366 M.

On the company’s financial health, Integrated Device Technology Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.33. The company had revenue of $184.05 million for the quarter, compared to analysts expectations of $184.25 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Integrated Device Technology Inc. Integrated Device Technology Inc was Initiated by ROTH Capital to “Buy” on Sep 29, 2016. JP Morgan Initiated Integrated Device Technology Inc on Aug 18, 2016 to “Overweight”, Price Target of the shares are set at $26.

Integrated Device Technology Inc. (IDT) is a developer of mixed-signal semiconductor solutions. The Company offers semiconductors for communications infrastructure in both wired and wireless. It designs develops manufactures and markets a range of semiconductor. It operates in two segments: the Communications segment and the Computing and Consumer segment. Its Communications segment includes clock and timing solutions flow-control management devices including Serial RapidIO switching solutions and radio frequency (RF) products. Its Computing and Consumer segment includes clock generation and distribution products server memory interface products PCI Express switching solutions power management solutions and signal integrity products. It offers communications timing products serial rapidIO solutions RF products consumer and computing timing products memory interface products PCI express switching solutions power management solutions and signal integrity products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Integrated Device Technology Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Integrated Device Technology Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.