Yorktown Management & Research Co Inc Sells 2,000 Shares of Integrated Device Technology Inc (NASDAQ:IDTI)

Yorktown Management & Research Co Inc decreased its stake in Integrated Device Technology Inc (NASDAQ:IDTI) by 31.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,300 shares of the semiconductor company’s stock after selling 2,000 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in Integrated Device Technology were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc grew its position in Integrated Device Technology by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 11,954,251 shares of the semiconductor company’s stock worth $561,970,000 after purchasing an additional 223,814 shares during the last quarter. Alpine Associates Management Inc. boosted its position in shares of Integrated Device Technology by 35.5% during the 1st quarter. Alpine Associates Management Inc. now owns 3,008,717 shares of the semiconductor company’s stock valued at $147,397,000 after acquiring an additional 787,800 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Integrated Device Technology by 4,743.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,461,697 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 2,410,867 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Integrated Device Technology by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,441,879 shares of the semiconductor company’s stock valued at $118,260,000 after acquiring an additional 31,705 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Integrated Device Technology by 989.7% during the 4th quarter. Millennium Management LLC now owns 2,173,671 shares of the semiconductor company’s stock valued at $105,271,000 after acquiring an additional 1,974,205 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

Separately, BidaskClub upgraded shares of Integrated Device Technology from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.50.

IDTI stock remained flat at $$48.99 during trading on Friday. Integrated Device Technology Inc has a 1 year low of $27.71 and a 1 year high of $49.00. The company has a market capitalization of $6.33 billion, a P/E ratio of 38.57, a P/E/G ratio of 3.72 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $48.99.

About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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Institutional Ownership by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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