Integrated Device Technology Inc (IDTI) : Copper Rock Capital Partners added new position in Integrated Device Technology Inc during the most recent quarter end. The investment management firm now holds 976,072 shares of Integrated Device Technology Inc which is valued at $19 Million according to a report filed by the company on Apr 5, 2016 with the SEC.Integrated Device Technology Inc makes up approximately 1.66% of Copper Rock Capital Partners’s portfolio.
Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in IDTI in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 131 shares of Integrated Device Technology Inc which is valued at $2,545.
On the company’s financial health, Integrated Device Technology Inc reported $0.35 EPS for the quarter, based on the information available during the earnings call on Feb 1, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $177.61 million for the quarter, compared to analysts expectations of $174.96 million. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Integrated Device Technology Inc. Shares were Reiterated by Chardan Capital Markets on Feb 8, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $34 .Shares were Reiterated by Topeka Capital Markets on Feb 2, 2016 to “Buy” and Lowered the Price Target to $ 26 from a previous price target of $29 .Integrated Device Technology Inc was Downgraded by BofA/Merrill to ” Neutral” on Feb 2, 2016.
Integrated Device Technology Inc opened for trading at $19.36 and hit $19.6825 on the upside on Monday, eventually ending the session at $19.43, with a gain of 0.88% or 0.17 points. The heightened volatility saw the trading volume jump to 29,61,664 shares. Company has a market cap of $2,630 M.
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.