Blackrock Inc Decreased Integrated Device Technology (NASDAQ:IDTI) Stake By $14.79 Million

August 12, 2018 - By Nadine Davis

Integrated Device Technology, Inc. (NASDAQ:IDTI) LogoInvestors sentiment increased to 0.99 in Q1 2018. Its up 0.16, from 0.83 in 2017Q4. It increased, as 20 investors sold IDTI shares while 85 reduced holdings. 34 funds opened positions while 70 raised stakes. 123.91 million shares or 0.53% less from 124.57 million shares in 2017Q4 were reported. Eventide Asset Ltd Liability Corp owns 1.18% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 826,000 shares. Kennedy Mgmt invested in 193,596 shares. Proshare Limited holds 43,367 shares or 0.01% of its portfolio. Group, a New York-based fund reported 347,663 shares. Advantus Mgmt reported 0.01% stake. Sei Invests holds 0.01% or 82,108 shares. Retirement Of Alabama accumulated 0.06% or 371,154 shares. Nuveen Asset Management Limited Liability Corp holds 17,789 shares or 0% of its portfolio. Essex Inv Management Commerce stated it has 93,342 shares or 0.38% of all its holdings. Pinnacle holds 0.9% in Integrated Device Technology, Inc. (NASDAQ:IDTI) or 1.51M shares. 10,022 were reported by Regions Fincl Corporation. Geode Capital Management Ltd Llc has 0.01% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 1.21M shares. 219,511 were accumulated by Alliancebernstein Lp. Public Employees Retirement System Of Ohio owns 3,628 shares or 0% of their US portfolio. Moreover, Tudor Investment Corp Et Al has 0.01% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 8,498 shares.

Since February 16, 2018, it had 0 insider buys, and 31 selling transactions for $9.72 million activity. Shepard David had sold 1,183 shares worth $39,749. Chittipeddi Sailesh sold $123,392 worth of stock or 3,911 shares. $102,510 worth of stock was sold by Allexandre Chris on Monday, June 4. $287,672 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) was sold by FAN XIANZHI SEAN on Tuesday, May 15. The insider WHITE BRIAN C sold 27,801 shares worth $856,271. Shares for $163,887 were sold by BRANDALISE MATTHEW D.

Blackrock Inc decreased its stake in Integrated Device Technology (NASDAQ:IDTI) by 3.06% based on its latest 2018Q2 regulatory filing with the SEC. Blackrock Inc sold 477,220 shares as the company’s stock rose 9.26% while stock markets declined. The institutional investor held 15.10 million shares of the technology company at the end of 2018Q2, valued at $481.51M, down from 15.58M at the end of the previous reported quarter. Blackrock Inc who had been investing in Integrated Device Technology for a number of months, seems to be less bullish one the $4.64 billion market cap company. The stock decreased 2.11% or $0.77 during the last trading session, reaching $35.78. About 928,606 shares traded. Integrated Device Technology, Inc. (NASDAQ:IDTI) has risen 29.62% since August 13, 2017 and is uptrending. It has outperformed by 17.05% the S&P500.

Blackrock Inc, which manages about $2170.58B US Long portfolio, upped its stake in Columbia Bkg Sys Inc (NASDAQ:COLB) by 661,781 shares to 10.14M shares, valued at $414.59M in 2018Q2, according to the filing. It also increased its holding in Motorola Solutions Inc (NYSE:MSI) by 2.06M shares in the quarter, for a total of 17.76M shares, and has risen its stake in Propetro Hldg Corp ().

Integrated Device Technology, Inc. (NASDAQ:IDTI) Ratings Coverage

Among 7 analysts covering Integrated Device Tech (NASDAQ:IDTI), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Integrated Device Tech had 9 analyst reports since February 27, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, July 31 report. On Thursday, July 5 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The company was maintained on Tuesday, May 1 by JP Morgan. On Tuesday, May 1 the stock rating was upgraded by Bank of America to “Neutral”. On Tuesday, July 31 the stock rating was maintained by Bank of America with “Neutral”. Cowen & Co maintained it with “Buy” rating and $3700 target in Tuesday, June 12 report. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Buy” rating given on Tuesday, May 1 by Needham.

Integrated Device Technology, Inc. designs, develops, makes, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and Internet-of-things end-markets. The company has market cap of $4.64 billion. It operates in two divisions, Communications; and Computing, Consumer, and Industrial. It has a 2555.71 P/E ratio. The Communications segment offers clocks and timing solutions; flow-control management devices comprising Serial RapidIO switching solutions; multi-port products; telecommunications products; static random access memory products; first in and first out memories; digital logic products; radio frequency products; and frequency control solutions.

More important recent Integrated Device Technology, Inc. (NASDAQ:IDTI) news were published by: Globenewswire.com which released: “Research Report Identifies Myriad Genetics, Celldex Therapeutics, Charles River Laboratories International, Louisiana …” on August 01, 2018, also Seekingalpha.com published article titled: “High-Flying Silicon Labs Gets Dinged As IoT Growth Hits A Lull”, Seekingalpha.com published: “Needham raises Integrated Device Technology to 20% upside” on July 31, 2018. More interesting news about Integrated Device Technology, Inc. (NASDAQ:IDTI) was released by: Marketwatch.com and their article: “Charting a bullish technical tilt: S&P 500, Nasdaq rise within view of record territory” with publication date: August 07, 2018.

Integrated Device Technology, Inc. (NASDAQ:IDTI) Institutional Positions Chart

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