In today’s session Integrated Device Technology Inc (IDTI) registered an unusually high (1,349) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious IDTI increase. With 1,349 contracts traded and 16584 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: IDTI161118C00024000 closed last at: $0.25 or 28.6% down. About 1.55 million shares traded hands. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 11.89% since March 31, 2016 and is uptrending. It has outperformed by 9.36% the S&P500.
Integrated Device Technology Inc (NASDAQ:IDTI) Ratings Coverage
Out of 14 analysts covering Integrated Device (NASDAQ:IDTI), 13 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 93% are positive. Integrated Device has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, February 2 the stock rating was upgraded by Wedbush to “Outperform”. The rating was maintained by Craig Hallum with “Buy” on Tuesday, December 1. The firm has “Buy” rating given on Tuesday, August 2 by Needham. On Tuesday, February 2 the stock rating was maintained by Topeka Capital Markets with “Buy”. Dougherty & Company maintained the stock with “Buy” rating in Tuesday, October 27 report. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) earned “Buy” rating by Bank of America on Friday, September 18. Chardan Capital Markets maintained Integrated Device Technology Inc (NASDAQ:IDTI) on Tuesday, August 4 with “Buy” rating. On Wednesday, May 11 the stock rating was upgraded by Bank of America to “Buy”. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has “Buy” rating given on Wednesday, December 9 by Craig Hallum. Craig Hallum maintained it with “Buy” rating and $30.0 target price in Tuesday, October 27 report.
According to Zacks Investment Research, “Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules. Applications for the company’s products include data and telecommunications equipment, such as routers, hubs, switches, cellular base stations and other devices; personal computers; and networked peripherals and servers, such as RAID arrays, servers, and printers.”
Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.28, from 0.67 in 2016Q1. The ratio improved, as 45 funds sold all Integrated Device Technology Inc shares owned while 101 reduced positions. 41 funds bought stakes while 98 increased positions. They now own 117.48 million shares or 3.18% less from 121.33 million shares in 2016Q1.
Jefferies Gru Limited Liability Com last reported 18,670 shares in the company. Airain holds 0.06% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI) for 55,546 shares. Moreover, Palisade Ltd Liability Company Nj has 0.25% invested in Integrated Device Technology Inc (NASDAQ:IDTI) for 344,929 shares. Panagora Asset Mgmt, a Massachusetts-based fund reported 12,139 shares. California Pub Employees Retirement accumulated 413,100 shares or 0.01% of the stock. California State Teachers Retirement Systems has invested 0.01% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Oakworth holds 544 shares or 0% of its portfolio. Creative Planning accumulated 0% or 25,770 shares. The Arkansas-based Stephens Ar has invested 0.01% in Integrated Device Technology Inc (NASDAQ:IDTI). Geode Cap Limited Co owns 974,604 shares or 0.01% of their US portfolio. Seven Eight Capital Lc last reported 0.02% of its portfolio in the stock. American Interest Grp last reported 0% of its portfolio in the stock. Blackrock Advisors Limited Liability Co holds 0.02% or 797,133 shares in its portfolio. Dalton Greiner Hartman Maher And holds 567,007 shares or 0.71% of its portfolio. 1492 Cap Management Lc has invested 1.65% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI).
Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 20 selling transactions for $12.80 million net activity. Shares for $149,524 were sold by BRANDALISE MATTHEW D on Wednesday, June 15. 4,510 shares were sold by WHITE BRIAN C, worth $95,071. On Monday, May 16 Chittipeddi Sailesh sold $21,523 worth of the stock or 1,021 shares. Another trade for 7,704 shares valued at $175,921 was made by Shepard David on Wednesday, June 15. Another trade for 5,700 shares valued at $116,565 was made by SCHOFIELD JOHN A on Monday, May 9. The insider MONTANA MARIO sold 2,312 shares worth $48,737. The insider FAN XIANZHI SEAN sold 2,385 shares worth $50,276.
Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The company has a market cap of $3.36 billion. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. It has a 19.81 P/E ratio. It offers products in radio frequency , timing, wireless power transfer, serial switching, interfaces and sensing solutions.
IDTI Company Profile
Integrated Device Technology, Inc., incorporated on June 10, 1987, develops system-level solutions that optimize its customers’ applications. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. The Firm offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions. It offers a range of mixed-signal solutions for the communications, computing, consumer, automotive and industrial divisions. These products are used for development in areas, such as fourth generation (4G) infrastructure, network communications, cloud datacenters and power management for computing and mobile devices. The Firm offers solutions in designing communications, computing, consumer, automotive and industrial applications. The Firm markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors, electronic manufacturing suppliers (EMSs) and independent sales representatives.
Another recent and important Integrated Device Technology Inc (NASDAQ:IDTI) news was published by Foxbusiness.com which published an article titled: “Why Integrated Device Technology Inc. Stock Soared Today” on November 01, 2016.
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