Integrated Device Technology Inc (IDTI) Files Form 4 Insider Selling : Gordon W Parnell Sells 12,500 Shares

Integrated Device Technology Inc (IDTI): Gordon W Parnell , director of Integrated Device Technology Inc sold 12,500 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $20.21 per share for a total value of $252,625.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Sailesh Chittipeddi (Sr, VP of Operations and CTO) sold 2,844 shares at $20.29 per share price.On Mar 23, 2016, Xianzhi Sean Fan (VP BUSINESS UNIT) sold 1,579 shares at $19.80 per share price.Also, On Mar 22, 2016, Mario Montana (VP, CHIEF SALES OFFICER) sold 1,421 shares at $19.80 per share price.On Mar 3, 2016, Louise Gaulin (VP/GM, NETWORK COMMUNICATIONS) sold 5,000 shares at $19.61 per share price.

Integrated Device Technology Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Integrated Device Technology Inc which led to swings in the share price. The shares opened for trading at $20.18 and hit $20.39 on the upside , eventually ending the session at $20.28, with a gain of 0.40% or 0.08 points. The heightened volatility saw the trading volume jump to 14,39,773 shares. The 52-week high of the share price is $29.04 and the company has a market cap of $2,745 M . The 52-week low of the share price is at $14.5.

Integrated Device Technology Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Integrated Device Technology Inc is Initiated by Needham to Buy and the brokerage firm has set the Price Target at $26. The Rating was issued on Apr 25, 2016.

Integrated Device Technology Inc. (IDT) is a developer of mixed-signal semiconductor solutions. The Company offers semiconductors for communications infrastructure in both wired and wireless. It designs develops manufactures and markets a range of semiconductor. It operates in two segments: the Communications segment and the Computing and Consumer segment. Its Communications segment includes clock and timing solutions flow-control management devices including Serial RapidIO switching solutions and radio frequency (RF) products. Its Computing and Consumer segment includes clock generation and distribution products server memory interface products PCI Express switching solutions power management solutions and signal integrity products. It offers communications timing products serial rapidIO solutions RF products consumer and computing timing products memory interface products PCI express switching solutions power management solutions and signal integrity products.

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