Large Inflow of Money Witnessed in Integrated Device Technology

Integrated Device Technology (NASDAQ:IDTI) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $6.31 million worth of transactions were on upticks, whereas, the downticks accounted for $4.78 million worth of transactions. The net money flow was a positive $1.53 million and the uptick to downtick ratio was 1.32. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 3.67 in their favor. The net money flow into the stock was $0.91 million. The value of block trades done on downticks was only $0.34 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.25 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Integrated Device Technology (NASDAQ:IDTI) was trading at $19.6, down $0.12 during day. The stock slid -0.61% over the previous days close. For the week, the stock recorded -1.71% over the previous weeks close.


In an insider trading activity,The officer (VP, CHIEF SALES OFFICER) of Integrated Device Technology Inc, Montana Mario sold 15,508 shares at $22.83 on June 15, 2016. The Insider selling transaction had a total value worth of $354,048. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.25% of Integrated Device Technology shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.93% . Institutional Investors own 93.12% of Integrated Device Technology shares. During last six month period, the net percent change held by insiders has seen a change of -11.93%.

The company shares have dropped -8.41% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $29.04 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $22.00 and the 200 Day Moving Average price is recorded at $21.68. Integrated Device Technology (NASDAQ:IDTI): The stock opened at $19.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $20.12 for the day. The stock traded down to $19.58 during the day, due to lack of any buying support eventually closed down at $19.60 with a loss of -0.61% for the day. The stock had closed at $19.72 on the previous day. The total traded volume was 2,269,826 shares.

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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