Agf Investments America Exits Position in Integrated Device Technology Inc (IDTI)

Integrated Device Technology Inc (IDTI) : Agf Investments America has sold out all of its stake in Integrated Device Technology Inc during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 99,534 shares of Integrated Device Technology Inc which is valued at $1,862,281.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in IDTI by selling 4,500 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 283,108 shares of IDTI which is valued at $5,296,951. Integrated Device Technology Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.American Century Companies Inc boosted its stake in IDTI in the latest quarter, The investment management firm added 24,357 additional shares and now holds a total of 483,166 shares of Integrated Device Technology Inc which is valued at $10,832,582. Integrated Device Technology Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.Lasalle Street Capital Management boosted its stake in IDTI in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 13,854 shares of Integrated Device Technology Inc which is valued at $302,571. Integrated Device Technology Inc makes up approx 0.28% of Lasalle Street Capital Management’s portfolio. Alpha Windward sold out all of its stake in IDTI during the most recent quarter. The investment firm sold 1,554 shares of IDTI which is valued $31,531.

Integrated Device Technology Inc opened for trading at $18.75 and hit $19.04 on the upside on Thursday, eventually ending the session at $18.75, with a gain of 0.21% or 0.04 points. The heightened volatility saw the trading volume jump to 50,26,535 shares. Company has a market cap of $2,506 M.

On the company’s financial health, Integrated Device Technology Inc reported $0.36 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.36. The company had revenue of $192.10 million for the quarter, compared to analysts expectations of $191.11 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Integrated Device Technology Inc. Shares were Reiterated by Dougherty & Company on Aug 2, 2016 to “Buy” and Lowered the Price Target to $ 26 from a previous price target of $28 .Integrated Device Technology Inc was Downgraded by Charter Equity to ” Mkt Perform” on Aug 2, 2016. Shares were Reiterated by Craig Hallum on Aug 2, 2016 to “Buy” and Lowered the Price Target to $ 25 from a previous price target of $27 .

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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