Yakira Capital Management Inc. Buys New Holdings in Integrated Device Technology Inc (NASDAQ:IDTI)

Yakira Capital Management Inc. purchased a new stake in shares of Integrated Device Technology Inc (NASDAQ:IDTI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,427 shares of the semiconductor company’s stock, valued at approximately $2,519,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IDTI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Integrated Device Technology by 4.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,463 shares of the semiconductor company’s stock worth $410,000 after acquiring an additional 393 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Integrated Device Technology by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 34,600 shares of the semiconductor company’s stock worth $1,695,000 after acquiring an additional 400 shares in the last quarter. ETF Managers Group LLC boosted its holdings in shares of Integrated Device Technology by 9.7% in the 1st quarter. ETF Managers Group LLC now owns 4,684 shares of the semiconductor company’s stock worth $229,000 after acquiring an additional 416 shares in the last quarter. BOKF NA boosted its holdings in shares of Integrated Device Technology by 1.9% in the 4th quarter. BOKF NA now owns 26,945 shares of the semiconductor company’s stock worth $1,305,000 after acquiring an additional 497 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Integrated Device Technology by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 167,973 shares of the semiconductor company’s stock worth $8,229,000 after acquiring an additional 668 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Shares of IDTI stock remained flat at $$48.99 during trading hours on Friday. The business’s 50-day moving average is $48.99. 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 company has a market cap of $6.33 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 3.72 and a beta of 1.22. Integrated Device Technology Inc has a 1-year low of $27.71 and a 1-year high of $49.00.

Separately, BidaskClub raised Integrated Device Technology from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Integrated Device Technology currently has a consensus rating of “Hold” and an average price target of $43.50.

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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