Integrated Device Technology Inc (IDTI) Can’t Be More Hot. Just Reaches 52-Week High

November 7, 2017 - By Stephen Andrade

Investors sentiment decreased to 1.08 in 2017 Q2. Its down 0.07, from 1.15 in 2017Q1. It dropped, as 31 investors sold Integrated Device Technology Inc shares while 75 reduced holdings. 31 funds opened positions while 84 raised stakes. 126.35 million shares or 4.19% more from 121.26 million shares in 2017Q1 were reported.
Tygh Cap Inc invested in 182,077 shares. Alliancebernstein Lp holds 3.25 million shares. Solutions Lc holds 0% or 295 shares. United Kingdom-based Barclays Public Limited Com has invested 0% in Integrated Device Technology Inc (NASDAQ:IDTI). Clearbridge Invs Limited Liability has invested 0.06% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Price T Rowe Associate Md holds 1.74M shares or 0.01% of its portfolio. Panagora Asset Mgmt Inc reported 0% in Integrated Device Technology Inc (NASDAQ:IDTI). Fifth Third National Bank stated it has 0% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Wedge Management L Lp Nc accumulated 1.43M shares. Citigroup holds 0% or 27,754 shares. Capital Fund Mgmt holds 0.01% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI) for 51,680 shares. First Personal Fincl Services has 0.01% invested in Integrated Device Technology Inc (NASDAQ:IDTI). Eventide Asset Mngmt Ltd Liability Corp holds 826,000 shares. Inv Counselors Of Maryland Limited holds 0.77% or 574,299 shares in its portfolio. State Treasurer State Of Michigan accumulated 0.01% or 54,820 shares.

Since May 15, 2017, it had 0 insider buys, and 16 selling transactions for $9.48 million activity. The insider MONTANA MARIO sold $103,471. WATERS GREGORY L also sold $4.16M worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares. BRANDALISE MATTHEW D sold $209,467 worth of stock or 8,600 shares. Another trade for 19,054 shares valued at $457,965 was sold by WHITE BRIAN C. Shares for $107,821 were sold by Shepard David on Monday, May 15. Another trade for 6,898 shares valued at $165,794 was made by FAN XIANZHI SEAN on Monday, May 15.

The stock of Integrated Device Technology Inc (NASDAQ:IDTI) hit a new 52-week high and has $36.16 target or 9.00 % above today’s $33.17 share price. The 7 months bullish chart indicates low risk for the $4.43 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $36.16 price target is reached, the company will be worth $398.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 1.51 million shares traded or 2.72% up from the average. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 12.80% since November 7, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.

Integrated Device Technology Inc (NASDAQ:IDTI) Ratings Coverage

Among 19 analysts covering Integrated Device (NASDAQ:IDTI), 17 have Buy rating, 2 Sell and 0 Hold. Therefore 89% are positive. Integrated Device had 43 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Charter Equity given on Wednesday, November 2. The rating was initiated by Pacific Crest with “Overweight” on Tuesday, December 15. The firm earned “Buy” rating on Wednesday, May 11 by Bank of America. Roth Capital initiated the shares of IDTI in report on Thursday, September 29 with “Buy” rating. The stock has “Neutral” rating by Bank of America on Thursday, February 16. The firm earned “Buy” rating on Tuesday, August 4 by Chardan Capital Markets. The company was maintained on Tuesday, August 1 by Susquehanna. The stock has “Buy” rating by Bank of America on Friday, September 18. The rating was maintained by Barclays Capital on Tuesday, August 2 with “Underweight”. Needham maintained Integrated Device Technology Inc (NASDAQ:IDTI) rating on Tuesday, January 31. Needham has “Buy” rating and $28 target.

More notable recent Integrated Device Technology Inc (NASDAQ:IDTI) news were published by: Prnewswire.com which released: “Stocks Under Scanner in the Semiconductor Space — Integrated Device …” on October 23, 2017, also Realmoney.Thestreet.com with their article: “Integrated Device Technology Could Rally 25% From Here” published on October 26, 2017, Seekingalpha.com published: “Integrated Device Technology (IDTI) Q2 2018 Results – Earnings Call Transcript” on October 31, 2017. More interesting news about Integrated Device Technology Inc (NASDAQ:IDTI) were released by: Prnewswire.com and their article: “IDT Introduces Wireless Power Solution Supporting Authentication and Bi …” published on November 02, 2017 as well as Prnewswire.com‘s news article titled: “LG And IDT Partner On World’s First Qi Extended Power Profile Smartphone” with publication date: November 06, 2017.

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The company has market cap of $4.43 billion. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. It has a 45.82 P/E ratio. It offers products in radio frequency , timing, wireless power transfer, serial switching, interfaces and sensing solutions.

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