Integrated Device Technology, Inc. (NASDAQ:IDTI) Analysts Remain Upbeat Despite -2.88% Loss

Marco Green
September 14, 2017

It has underperformed by 15.80% the S&P500. (NYSE:HCP). Cohen & Steers, a New York-based fund reported 24.03 million shares. The institutional investor owned 3,252,085 shares of the semiconductor company's stock after acquiring an additional 158,917 shares during the quarter. F5 Networks Inc now has $7.40B valuation. Following the sale, the vice president now owns 67,443 shares of the company's stock, valued at approximately $1,647,632.49.

Separately, Director S Kenneth Kannappan purchased 2,000 stocks of the firms shares in a trade dated Thurs, Aug 3rd. (IRL) has risen 0.90% since September 11, 2016 and is uptrending.

Since March 13, 2017, it had 0 insider buys, and 17 selling transactions for $11.55 million activity. Another trade for 14,876 shares valued at $385,418 was made by BRANDALISE MATTHEW D on Thursday, May 25. Chartwell Investment Partners, LLC now controls 843,770 shares valued at $21,761,000. State Of Tennessee Treasury Department holds 0% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI) for 30,000 shares. FAN XIANZHI SEAN sold $2.07M worth of stock or 84,375 shares. (NASDAQ:IDTI)'s EPS growth this year is -39.90% and the trailing 12-month EPS is $0.77. Therefore 89% are positive. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) earned "Buy" rating by Loop Capital on Tuesday, December 6. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. As per Wednesday, June 28, the company rating was maintained by Susquehanna. The company was maintained on Sunday, July 30 by Roth Capital. Barclays Capital maintained Integrated Device Technology Inc (NASDAQ:IDTI) rating on Tuesday, August 2. Jefferies maintained it with "Hold" rating and $3300 target in Monday, July 24 report. As per Monday, October 26, the company rating was initiated by Charter Equity. The stock has "Outperform" rating by Credit Suisse on Friday, December 11. The rating was downgraded by Argus Research to "Hold" on Monday, January 4.

Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.10, from 0.94 in 2016Q3. Integrated Device Technology has a 1 year low of $19.35 and a 1 year high of $27.09. The stock has 131.99 shares outstanding while 99.00% shares of the company were owned by institutional investors. It improved, as 76 investors sold HCP shares while 199 reduced holdings. Legal & General Group upgraded its position in stocks of Integrated Device Technology by 23.6% in the Q1. State Board Of Administration Of Florida Retirement Systems invested in 0.01% or 99,904 shares. The semiconductor company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.32 by $0.07. Tygh Cap Mngmt reported 62,312 shares or 0.37% of all its holdings. (IDTI)'s shares projecting a $29.23 target price. Finally, Great West Life Assurance Co. Its shares have trimmed -26.21% since hitting a peak level of $143.68 on February 21, 2017. Integrated Device Technology's quarterly revenue was up 2.4% on a year-over-year basis. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. 17,669 were accumulated by Walleye Trading Ltd Co.

First National Trust Co increased Hcp Inc (HCP) stake by 41.08% reported in 2016Q4 SEC filing. (NASDAQ:IDTI) will announce sales of $201.16 million for the current fiscal quarter, according to Zacks Investment Research.

Analyst research firms are expressing bullish stance on Integrated Device Technology, Inc. It has underperformed by 3.90% the S&P500.The move comes after 5 months positive chart setup for the $3.43 billion company. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. It offers products in radio frequency, timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Among 33 analysts covering F5 Networks Inc. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

The stock of Integrated Device Technology Inc (NASDAQ:IDTI) is a huge mover today! The stock declined 0.24% or $0.02 reaching $8.28 on the news. Firm's net income measured an average growth rate of 15.80%. As per Monday, November 9, the company rating was maintained by RBC Capital Markets. The firm earned "Buy" rating on Wednesday, May 11 by Bank of America. The stock increased 3.83% or $0.95 during the last trading session, reaching $25.75. As per Tuesday, October 27, the company rating was maintained by Craig Hallum. The firm earned "Neutral" rating on Thursday, April 21 by Goldman Sachs. The rating was downgraded by UBS to "Neutral" on Wednesday, March 16. Gsa Capital Ptnrs Llp holds 0.01% or 8,761 shares in its portfolio. $474,982 worth of stock was sold by WATERS GREGORY L on Monday, May 15. Reinland Andrew also sold $794,368 worth of F5 Networks, Inc. Rothschild Asset reported 1.01 million shares. 4,645 shares valued at $593,442 were sold by EAMES EDWARD JULIAN on Monday, May 1.

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