Learn Why Ameriprise Financial Inc Purchased Integrated Device Technology Inc Stake?

February 15, 2018 - By Michael Pereira

 Learn Why Ameriprise Financial Inc Purchased Integrated Device Technology Inc Stake?

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.03, from 1.08 in 2017Q2. It is positive, as 19 investors sold Integrated Device Technology, Inc. shares while 79 reduced holdings. 33 funds opened positions while 76 raised stakes. 133.15 million shares or 5.38% more from 126.35 million shares in 2017Q2 were reported.

2.86 million are held by Ubs Asset Management Americas. Segall Bryant Hamill Ltd Llc holds 1.23% or 1.99M shares in its portfolio. Benjamin F Edwards stated it has 350 shares. Blackrock owns 0.02% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 14.62M shares. Amalgamated National Bank & Trust stated it has 18,411 shares. 295 are held by Solutions Ltd Co. Advantus reported 0.01% stake. Ontario – Canada-based Royal National Bank Of Canada has invested 0.01% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Parametric Portfolio Assocs Lc owns 423,560 shares. 10,516 were accumulated by Columbia Ptnrs L L C Investment Mgmt. Oakworth Cap accumulated 0% or 240 shares. 16,055 were reported by Ranger Invest Management Limited Partnership. Envestnet Asset Mgmt, a Illinois-based fund reported 27,327 shares. Rafferty Asset Limited Liability Corp has invested 0.06% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Texas-based Carlson Lp has invested 0.11% in Integrated Device Technology, Inc. (NASDAQ:IDTI).

Since December 14, 2017, it had 0 buys, and 7 insider sales for $3.68 million activity. WATERS GREGORY L had sold 10,000 shares worth $283,294. Another trade for 5,045 shares valued at $157,555 was sold by Chittipeddi Sailesh. Shepard David sold 22,778 shares worth $682,222.

The New Ameriprise Financial Inc Holding in Integrated Device Technology Inc

Ameriprise Financial Inc reported SC 13G form with the SEC for Integrated Device Technology Inc. Access it here: 000119312518045466. As reported by Ameriprise Financial Inc, the filler owns 5.62% or 7,464,314 shares of the Information Technology–company.

Integrated Device Technology Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Integrated Device Technology Inc.

Integrated Device Technology Inc Institutional Sentiment

Filings show 276 investors own Integrated Device Technology Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 5413127. 136209759 were owned by these investors. 37 funds opened new Integrated Device Technology Inc stakes, 105 increased positions. There were 53 that closed positions and 110 reduced them.

6 investors had the stock in their top 10. Some are: Millrace Asset Group Inc., Trigran Investments Inc., Rice Hall James & Associates Llc, Rk Capital Management Llc, 1492 Capital Management Llc..

Stanley-Laman Group Ltd is an investor bullish on Integrated Device Technology Inc, owning 361310 shares as of Q3 2015 for 1.49% of its portfolio. Century Capital Management Llc owns 1243388 shares or 1.43% of its portfolio. NY Pergamon Offshore Advisors Lp have 1.32% of its portfolio for 59676 shares. Further, Venator Capital Management Ltd reported stake worth 12.72% of its portfolio. The A2 Sarbit Advisory Services Inc owns 6135100 shares. Integrated Device Technology Inc is 19.25% of its portfolio.

Business Profile

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It 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 segments. 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. It offers solutions in designing communications, computing, consumer, automotive and industrial applications. It markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors and electronic manufacturing suppliers (EMSs).

SEC Form 13G.

The stock increased 3.44% or $0.96 during the last trading session, reaching $28.84. About 937,438 shares traded. Integrated Device Technology, Inc. (NASDAQ:IDTI) has risen 12.80% since February 15, 2017 and is uptrending. It has underperformed by 3.90% the S&P500.

Integrated Device Technology, Inc. designs, develops, makes, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and Internet-of-things end-markets. The company has market cap of $3.82 billion. It operates in two divisions, Communications; and Computing, Consumer, and Industrial. It currently has negative earnings. The Communications segment offers clocks and timing solutions; flow-control management devices comprising Serial RapidIO switching solutions; multi-port products; telecommunications products; static random access memory products; first in and first out memories; digital logic products; radio frequency products; and frequency control solutions.

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

Among 19 analysts covering Integrated Device (NASDAQ:IDTI), 17 have Buy rating, 1 Sell and 1 Hold. Therefore 89% are positive. Integrated Device has $40.0 highest and $19 lowest target. $31.31’s average target is 8.56% above currents $28.84 stock price. Integrated Device had 48 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Loop Capital on Tuesday, October 31. The firm earned “Underperform” rating on Tuesday, August 1 by Bank of America. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Buy” rating given on Tuesday, August 1 by Needham. The company was maintained on Wednesday, December 9 by Craig Hallum. On Monday, May 23 the stock rating was initiated by Brean Capital with “Buy”. Bank of America upgraded the shares of IDTI in report on Wednesday, May 11 to “Buy” rating. As per Wednesday, October 18, the company rating was maintained by Barclays Capital. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) earned “Equal-Weight” rating by Barclays Capital on Wednesday, January 17. The stock has “Buy” rating by Roth Capital on Sunday, July 30. The company was maintained on Tuesday, February 2 by Topeka Capital Markets.

More notable recent Integrated Device Technology, Inc. (NASDAQ:IDTI) news were published by: Seekingalpha.com which released: “Integrated Device Technology’s (IDTI) CEO Greg Waters on Q3 2018 Results …” on January 30, 2018, also Nasdaq.com with their article: “First Week of March 16th Options Trading For Integrated Device Technology (IDTI)” published on January 23, 2018, Realmoney.Thestreet.com published: “My Inconclusive Technical Read on Integrated Device Technology” on January 24, 2018. More interesting news about Integrated Device Technology, Inc. (NASDAQ:IDTI) were released by: Seekingalpha.com and their article: “Integrated Device Tech +4% after Q3 beats; guidance on conference call” published on January 29, 2018 as well as Seekingalpha.com‘s news article titled: “Data Center Driving IDT Ahead Of New Launches And Revenue Opportunities” with publication date: January 30, 2018.

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