Integrated Device Technology Inc (IDTI): Sailesh Chittipeddi , SR VP OPERATIONS & CTO of Integrated Device Technology Inc sold 19,194 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $22.83 per share for a total value of $438,295.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Matthew D Brandalise (VP GENERAL COUNSEL) sold 6,548 shares at $22.83 per share price.On Jun 3, 2016, Xianzhi Sean Fan (VP BUSINESS UNIT) sold 49,584 shares at $23.59 per share price.Also, On May 25, 2016, Norman P Taffe (director) sold 10,000 shares at $22.33 per share price.On May 20, 2016, Mario Montana (VP, CHIEF SALES OFFICER) sold 65,000 shares at $21.24 per share price.
Shares of Integrated Device Technology Inc (IDTI) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.8 points or -3.42% at $22.6 with 27,25,741 shares getting traded. Post opening the session at $23.47, the shares hit an intraday low of $22.57 and an intraday high of $23.47 and the price vacillated in this range throughout the day. The company has a market cap of $3,020 M and the number of outstanding shares has been calculated to be 13,36,34,284 shares. The 52-week high of Integrated Device Technology Inc is $29.04 and the 52-week low is $14.5.
Company has been under the radar of several Street Analysts.Integrated Device Technology Inc is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 11, 2016.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.