Integrated Device Tech INC (IDTI) Shares Rose While Hood River Capital Management LLC Has Decreased Its Holding by $6.29 Million

May 24, 2018 - By marketbeat

Integrated Device Technology, Inc. (NASDAQ:IDTI) LogoInvestors sentiment decreased to 0.83 in Q4 2017. Its down 0.28, from 1.11 in 2017Q3. It fall, as 24 investors sold IDTI shares while 94 reduced holdings. 41 funds opened positions while 57 raised stakes. 124.57 million shares or 6.44% less from 133.15 million shares in 2017Q3 were reported. State Street Corp invested in 0.01% or 4.85M shares. Susquehanna Grp Ltd Liability Partnership invested in 8,700 shares. The New York-based Prelude Cap Mgmt Lc has invested 0.04% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Nuveen Asset Mgmt Limited stated it has 0% of its portfolio in Integrated Device Technology, Inc. (NASDAQ:IDTI). Alliancebernstein Ltd Partnership holds 0.03% of its portfolio in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 1.21M shares. Boothbay Fund Limited Liability Co invested in 0.08% or 17,898 shares. Barclays Public Ltd Company reported 0% stake. Cipher Limited Partnership reported 51,859 shares. The Ontario – Canada-based Bankshares Of Montreal Can has invested 0% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Gideon Cap Advsr reported 11,647 shares or 0.31% of all its holdings. Greenwood Associates Ltd Llc has 0.12% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 17,249 shares. Federated Invsts Inc Pa, Pennsylvania-based fund reported 55,205 shares. Dubuque National Bank & Trust Com reported 1,500 shares. Ubs Asset Americas Inc owns 1.76M shares. Pennsylvania-based Brinker Cap has invested 0.01% in Integrated Device Technology, Inc. (NASDAQ:IDTI).

Since December 14, 2017, it had 0 insider purchases, and 24 sales for $10.89 million activity. $682,222 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) shares were sold by Shepard David. 10,000 shares were sold by WATERS GREGORY L, worth $284,337. On Tuesday, May 15 the insider FAN XIANZHI SEAN sold $287,672. 8,417 shares were sold by WHITE BRIAN C, worth $273,558 on Thursday, January 4. 22,000 shares valued at $705,210 were sold by MONTANA MARIO on Thursday, March 8. $809,250 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) shares were sold by Chittipeddi Sailesh.

Hood River Capital Management Llc decreased its stake in Integrated Device Tech Inc (IDTI) by 23.01% based on its latest 2017Q4 regulatory filing with the SEC. Hood River Capital Management Llc sold 216,844 shares as the company’s stock rose 2.35% while stock markets declined. The institutional investor held 725,403 shares of the technology company at the end of 2017Q4, valued at $21.57M, down from 942,247 at the end of the previous reported quarter. Hood River Capital Management Llc who had been investing in Integrated Device Tech Inc for a number of months, seems to be less bullish one the $4.27 billion market cap company. The stock increased 1.63% or $0.53 during the last trading session, reaching $33. About 1.62M shares traded or 32.49% up from the average. Integrated Device Technology, Inc. (NASDAQ:IDTI) has risen 30.43% since May 24, 2017 and is uptrending. It has outperformed by 18.88% the S&P500.

Hood River Capital Management Llc, which manages about $698.72M and $1.73 billion US Long portfolio, upped its stake in Brinks Co (NYSE:BCO) by 130,525 shares to 144,023 shares, valued at $11.34 million in 2017Q4, according to the filing. It also increased its holding in Agco Corp (NYSE:AGCO) by 169,584 shares in the quarter, for a total of 169,673 shares, and has risen its stake in Harsco Corp (NYSE:HSC).

Analysts await Integrated Device Technology, Inc. (NASDAQ:IDTI) to report earnings on July, 30. They expect $0.35 earnings per share, up 40.00 % or $0.10 from last year’s $0.25 per share. IDTI’s profit will be $45.25 million for 23.57 P/E if the $0.35 EPS becomes a reality. After $0.39 actual earnings per share reported by Integrated Device Technology, Inc. for the previous quarter, Wall Street now forecasts -10.26 % negative EPS growth.

More news for Integrated Device Technology, Inc. (NASDAQ:IDTI) were recently published by: Benzinga.com, which released: “Soft Apple, Samsung Handset Demand A Common Theme Across Semiconductor Stocks, KeyBanc Says In Earnings …” on April 30, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For May 23, 2018” and published on May 23, 2018 is yet another important article.

Integrated Device Technology, Inc. (NASDAQ:IDTI) Ratings Coverage

Among 9 analysts covering Integrated Device Tech (NASDAQ:IDTI), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Integrated Device Tech has $40.0 highest and $33 lowest target. $35.56’s average target is 7.76% above currents $33 stock price. Integrated Device Tech had 10 analyst reports since January 17, 2018 according to SRatingsIntel. Needham maintained the shares of IDTI in report on Tuesday, January 30 with “Buy” rating. The stock has “Overweight” rating by JP Morgan on Tuesday, May 1. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) earned “Neutral” rating by Bank of America on Tuesday, May 1. The firm has “Overweight” rating given on Tuesday, January 30 by KeyBanc Capital Markets. The stock has “Buy” rating by Susquehanna on Tuesday, January 30. The firm has “Buy” rating by Needham given on Tuesday, May 1. The rating was upgraded by Barclays Capital on Wednesday, January 17 to “Equal-Weight”. Craig Hallum maintained the shares of IDTI in report on Tuesday, January 30 with “Buy” rating.

Integrated Device Technology, Inc. (NASDAQ:IDTI) Institutional Positions Chart

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