Integrated Device Technology Inc (IDTI) Files Form 4 Insider Selling : Xianzhi Sean Fan Sells 49,584 Shares

Integrated Device Technology Inc (IDTI): Xianzhi Sean Fan , VP BUSINESS UNIT of Integrated Device Technology Inc sold 49,584 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $23.59 per share for a total value of $1,169,686.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On May 18, 2016, David Shepard (VP BUSINESS UNIT) sold 1,896 shares at $21.08 per share price.On May 18, 2016, Xianzhi Sean Fan (VP BUSINESS UNIT) sold 2,385 shares at $21.08 per share price.

Integrated Device Technology Inc (IDTI) witnessed a volatile trading activity on Friday Jun 3, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $23.17 and reached the intraday high at $23.34. The bulls started the profit booking and pushed the shares to intraday low of $22.98. The trading session was marked by a volume range of 15,77,484 shares exchanging hands. The 52-week high of the shares is $29.04 and the 52-week low is $14.5. The market cap of the company stands at $3,096 M and there are 13,36,34,284 shares in public circulation.

Integrated Device Technology Inc Money Flow Index Chart

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.

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