Integrated Device Technology Inc (NASDAQ:IDTI) Institutional Investors Quarterly Sentiment

October 2, 2018 - By Vivian Park

Integrated Device Technology, Inc. (NASDAQ:IDTI) Logo

Sentiment for Integrated Device Technology Inc (NASDAQ:IDTI)

Integrated Device Technology Inc (NASDAQ:IDTI) institutional sentiment decreased to 0.85 in Q2 2018. Its down -0.14, from 0.99 in 2018Q1. The ratio turned negative, as 103 funds increased or opened new equity positions, while 121 sold and reduced holdings in Integrated Device Technology Inc. The funds in our partner’s database now possess: 121.24 million shares, down from 123.91 million shares in 2018Q1. Also, the number of funds holding Integrated Device Technology Inc in their top 10 equity positions decreased from 8 to 5 for a decrease of 3. Sold All: 21 Reduced: 100 Increased: 62 New Position: 41.

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 $6.06 billion. It operates in two divisions, Communications; and Computing, Consumer, and Industrial. It has a 3359.29 P/E ratio. 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.

The stock increased 0.04% or $0.02 during the last trading session, reaching $47.03. About 1.62M shares traded. Integrated Device Technology, Inc. (NASDAQ:IDTI) has risen 77.46% since October 2, 2017 and is uptrending. It has outperformed by 61.84% the S&P500.

Analysts await Integrated Device Technology, Inc. (NASDAQ:IDTI) to report earnings on October, 29. They expect $0.36 earnings per share, up 38.46 % or $0.10 from last year’s $0.26 per share. IDTI’s profit will be $46.38M for 32.66 P/E if the $0.36 EPS becomes a reality. After $0.35 actual earnings per share reported by Integrated Device Technology, Inc. for the previous quarter, Wall Street now forecasts 2.86 % EPS growth.

Trigran Investments Inc. holds 11.31% of its portfolio in Integrated Device Technology, Inc. for 1.73 million shares. Rk Capital Management Llc owns 483,025 shares or 3.4% of their US portfolio. Moreover, Kopp Investment Advisors Llc has 3.35% invested in the company for 107,710 shares. The Colorado-based Obermeyer Wood Investment Counsel Lllp has invested 3.03% in the stock. Hodges Capital Management Inc., a Texas-based fund reported 1.11 million shares.

Since January 1, 0001, it had 0 insider purchases, and 29 insider sales for $9.39 million activity.

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

Ratings analysis reveals 25% of Integrated Device Tech’s analysts are positive. Out of 8 Wall Street analysts rating Integrated Device Tech, 2 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $36 while the high is $49. The stock’s average target of $40.13 is -14.67% below today’s ($47.03) share price. IDTI was included in 12 notes of analysts from May 1, 2018. The stock has “Neutral” rating by Bank of America on Tuesday, July 31. Needham downgraded the stock to “Hold” rating in Tuesday, September 4 report. The rating was downgraded by Cowen & Co to “Market Perform” on Tuesday, September 11. Needham maintained the stock with “Buy” rating in Tuesday, May 1 report. The firm has “Equal-Weight” rating given on Tuesday, July 31 by Barclays Capital. On Tuesday, June 12 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Overweight” rating on Thursday, July 5 by KeyBanc Capital Markets. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Overweight” rating given on Tuesday, May 1 by JP Morgan. The firm has “Neutral” rating by PiperJaffray given on Tuesday, September 11. The firm has “Neutral” rating given on Tuesday, May 1 by Bank of America.

More recent Integrated Device Technology, Inc. (NASDAQ:IDTI) news were published by: Nasdaq.com which released: “Integrated Device Technology (IDTI) Is Up Sharply After Bought By Renesas” on September 11, 2018. Also Prnewswire.com published the news titled: “IDT Leads the Charge in the Automotive Market with Industry First In-vehicle Wireless Charging Customer Reference …” on October 02, 2018. Livetradingnews.com‘s news article titled: “Integrated Device Technology, Inc. (NASDAQ:IDTI) IDT’s rumored buyout looks like the real deal” with publication date: September 12, 2018 was also an interesting one.

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

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