Integrated Device Technology Inc (NASDAQ:IDTI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 79.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,289 shares of the semiconductor company’s stock after selling 12,646 shares during the period. Bank of Montreal Can’s holdings in Integrated Device Technology were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of IDTI. Oregon Public Employees Retirement Fund raised 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 buying an additional 2,410,867 shares in the last quarter. Enlightenment Research LLC purchased a new stake in shares of Integrated Device Technology during the 4th quarter valued at about $102,000. ETF Managers Group LLC raised its position in shares of Integrated Device Technology by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 4,268 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 582 shares in the last quarter. Piedmont Investment Advisors Inc. purchased a new stake in shares of Integrated Device Technology during the 4th quarter valued at about $274,000. Finally, Brown Advisory Inc. raised its position in shares of Integrated Device Technology by 33.6% during the 4th quarter. Brown Advisory Inc. now owns 5,840 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 1,470 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub cut shares of Integrated Device Technology from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.50.

IDTI remained flat at $$48.99 during trading on Wednesday. The company has a market cap of $6.33 billion, a price-to-earnings 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 52 week low of $27.71 and a 52 week high of $49.00. 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 fifty day moving average 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.

Further Reading: Risk Tolerance

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

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