Trigran Investments INC Lifted Its Holding in Integrated Device Technology (IDTI) as Valuation Declined

October 13, 2017 - By Darrin Black

Investors sentiment decreased to 1.08 in 2017 Q2. Its down 0.07, from 1.15 in 2017Q1. It is negative, as 31 investors sold IDTI 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. Moreover, Fifth Third National Bank has 0% invested in Integrated Device Technology Inc (NASDAQ:IDTI) for 159 shares. Royal Bank Of Canada stated it has 0% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). 1.69 million were reported by Natl Bank Of New York Mellon. Hodges Capital Management accumulated 420,475 shares or 0.64% of the stock. Citadel Limited Liability Corp holds 22,923 shares or 0% of its portfolio. Massachusetts Ser Ma invested 0% in Integrated Device Technology Inc (NASDAQ:IDTI). Invesco Ltd holds 3.96 million shares or 0.03% of its portfolio. Citigroup, a New York-based fund reported 27,754 shares. Parametric Portfolio Associates Limited reported 0.01% stake. Alliancebernstein L P, New York-based fund reported 3.25 million shares. Asset Mngmt Inc stated it has 8,340 shares. Bluecrest Mngmt invested 0.04% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Nordea Inv Management Ab has invested 0.01% in Integrated Device Technology Inc (NASDAQ:IDTI). Deutsche Commercial Bank Ag owns 330,335 shares or 0.01% of their US portfolio. Riverhead Capital Ltd holds 4,790 shares.

Since May 15, 2017, it had 0 insider buys, and 16 sales for $9.48 million activity. 37,418 shares were sold by WHITE BRIAN C, worth $911,375. $418,349 worth of Integrated Device Technology Inc (NASDAQ:IDTI) was sold by MONTANA MARIO. Shepard David had sold 9,809 shares worth $238,914 on Thursday, June 15. On Monday, May 15 the insider Chittipeddi Sailesh sold $109,071. WATERS GREGORY L also sold $4.16 million worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares. BRANDALISE MATTHEW D sold $209,467 worth of stock.

Douglas T. Granat increased its stake in Integrated Device Technology (IDTI) by 38.34% based on its latest 2017Q2 regulatory filing with the SEC. Trigran Investments Inc bought 419,130 shares as the company’s stock declined 2.95% while stock markets rallied. The hedge fund run by Douglas T. Granat held 1.51 million shares of the technology company at the end of 2017Q2, valued at $39.00 million, up from 1.09 million at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Integrated Device Technology for a number of months, seems to be bullish on the $3.73B market cap company. The stock increased 0.58% or $0.16 during the last trading session, reaching $27.92. About 738,755 shares traded. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 12.80% since October 13, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.

Trigran Investments Inc, which manages about $278.36 million and $390.38 million US Long portfolio, decreased its stake in Kmg Chemicals Inc (NYSE:KMG) by 586,027 shares to 766,999 shares, valued at $37.33 million in 2017Q2, according to the filing.

More news for Integrated Device Technology Inc (NASDAQ:IDTI) were recently published by: Seekingalpha.com, which released: “IDT passes 30M shipped Qi transmitters” on September 15, 2017. Seekingalpha.com‘s article titled: “Integrated Device Has More To Offer, But Transitions Can Be Tough” and published on September 13, 2017 is yet another important article.

Integrated Device Technology Inc (NASDAQ:IDTI) Ratings Coverage

Among 18 analysts covering Integrated Device (NASDAQ:IDTI), 16 have Buy rating, 2 Sell and 0 Hold. Therefore 89% are positive. Integrated Device had 35 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, February 2 the stock rating was upgraded by Wedbush to “Outperform”. Needham maintained the stock with “Buy” rating in Tuesday, August 1 report. Pacific Crest initiated the stock with “Overweight” rating in Tuesday, December 15 report. The rating was upgraded by Bank of America on Wednesday, May 11 to “Buy”. As per Wednesday, June 28, the company rating was maintained by Susquehanna. Topeka Capital Markets maintained the stock with “Buy” rating in Tuesday, February 2 report. On Tuesday, January 31 the stock rating was maintained by Needham with “Buy”. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) earned “Underperform” rating by Bank of America on Tuesday, August 1. Zacks upgraded Integrated Device Technology Inc (NASDAQ:IDTI) on Thursday, August 6 to “Hold” rating. As per Thursday, February 16, the company rating was downgraded by Bank of America.

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