Integrated Device Technology, (IDTI) Position Increased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its stake in stocks of Integrated Device Technology, (NASDAQ:IDTI) by 3.0% through out the Fiscal Q2, based on the latest 13F document with the SEC (SEC). The hedge fund held 34,700 stocks of the semiconductor firms shares after scooping up an extra 1,000 shares through out the quarter. Louisiana State Employees Retirement System’s holdings in Integrated Device Technology were valued $895,000 during the latest fiscal quarter.

Integrated Device Technology, (NASDAQ IDTI) declined 0.17% through out intraday market trading on early Fri, topping $23.53. 1,494,272 stocks of the firms shares transacted hands. Valuation of the business is $3.14 B, a price to earnings ratio of 30.56 along with a stock beta of 1.97. Integrated Device Technology, has a 1 year low of $19.02 and a 1 year high of $27.09. the firms 50 day SMA price is $25.51 and the 200 day SMA is $24.64.

Many other investment firms and many large funds lately modified to their stake in IDTI. Israel Discount Bank of New York purchased a fresh position in stocks of Integrated Device Technology during the Q1 valued $103,000. TrimTabs Asset Management upped its stake in Integrated Device Technology by 88.8% in the Q1. TrimTabs Asset Management has an ownership of 4,745 stocks of the semiconductor firms shares valued $112,000 after scooping up an extra 2,232 shares through out the previous quarter, Elkfork Partners upped its stake in Integrated Device Technology by 22.2% in the Q1. Elkfork Partners has an ownership of 5,324 stocks of the semiconductor firms shares valued $126,000 after scooping up an extra 968 shares through out the previous quarter, Meadow Creek Investment Management upped its stake in Integrated Device Technology by 22.2% in the Q1. Meadow Creek Investment Management has an ownership of 6,776 stocks of the semiconductor firms shares valued $160,000 after scooping up an extra 1,232 shares through out the previous quarter, Lastly, Glen Harbor Capital Management upped its stake in Integrated Device Technology by 22.2% in the Q1. Glen Harbor Capital Management has an ownership of 8,228 stocks of the semiconductor firms shares valued $195,000 after scooping up an extra 1,496 shares through out the previous quarter, 95.15% of the shares is presently held by investment firms and many large funds.

Integrated Device Technology (NASDAQ:IDTI) previously disclosed its fiscal periodic earnings information on early Mon, Jul 31st. The semiconductor business posted $0.25 EPS for the period, falling below brokerage firms expectations of $0.32 by $0.07. Integrated Device Technology had a ROE of 20.34% and a net profit margin of 14.50%. the company reported sales of $196.71 M for the period end, compared to analysts’ anticipations of $195.10 M. for the same quarter previous year, firm reported $0.36 Earnings Per Share. the firms sales went up 2.4% compared with the same period in the prior year. experts anticipate that Integrated Device Technology, to post $1.49 EPS for the full year.

Quite a few analysts have commented on IDTI. BidaskClub cut shares of Integrated Device Technology from a “buy” recommendation to a “hold” recommendation in a analysis report on Saturday, Aug 5th. Needham & Company restated a “buy” recommendation on stocks of Integrated Device Technology in a study report on early Tue, Aug 1st. Bank of America Corporation cut shares of Integrated Device Technology from a “neutral” recommendation to an “underperform” recommendation and fixed a $27.00 PT on the shares. in a study note on early Tue, Aug 1st. Zacks trimmed stocks of Integrated Device Technology from a “hold” recommendation to a “sell” recommendation in a analysis note on early Thur, Aug 3rd. Lastly, Longbow analysis began coverage on stocks of Integrated Device Technology in a study note published on Fri, Jun 9th. They gave a “buy” recommendation and a $31.00 PT on the shares. around three research experts recommended the company shares with a sell recommendation, around three have issued a hold recommendation and nine have published a buy recommendation to the share. the share presently has a consensus rating of “Hold” and an consensus price target of $27.67.

In associated news, Director S Kenneth Kannappan purchased 2,000 stocks of Integrated Device Technology shares in a trade on Early Thur, Aug 3rd. the share was purchased at a mean average price of $24.32 for a share, with a total value of $48,640.00. after the acquisition, the director has an ownership of 18,637 company stock worth at $453,251.84. The acquisition was announced in a document with the Security and Exchange Commission, which can be accessed through the Security and Exchange Commission website. Also, Chief Executive Officer Gregory L. Waters unloaded 19,762 stocks of Integrated Device Technology shares in a trade dated Mon, May 15th. The stock was unloaded at a price range of of $24.04, amounting to $475,078.48. in the previous around three months, executives unloaded 309,390 stocks of company shares worth at $7,586,982. 1.24% of the shares is presently held by executives.

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