Integrated Device Technology, Inc. (NASDAQ:IDTI) enjoyed a 37.98% run-up in share price since hitting record low of $21.80. The stock managed -6.03% fall and now stands at $30.08 as of 11/29/2017. At recent session, the prices were hovering between $29.91 and $32.21. This company shares are 10.54% off its target price of $33.25 and the current market capitalization stands at $4B. The recent change has given its price a 2.42% lead over SMA 50 and -11.31% deficit over its 52-week high. The stock witnessed 3.83% gains, 23.08% gains and 17.04% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found IDTI’s volatility during a week at 2.87% and during a month it has been found around 3.08%.Integrated Device Technology, Inc. (IDTI) Top Holders
Institutional investors currently hold around $4.36 billion or 98.91% in IDTI stock. Look at its top three institutional owners. Blackrock Inc. owns $468.04 million in Integrated Device Technology, Inc., which represents roughly 11.7% of the company’s market cap and approximately 10.73% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 10,846,534 shares of the stock are valued at $347.2 million. The third largest holder is Fmr Llc, which currently holds $265.3 million worth of this stock and that ownership represents nearly 6.63% of its market capitalization.
At the end of 09/30/2017 reporting period, 128 institutional holders increased their position in Integrated Device Technology, Inc. (NASDAQ:IDTI) by some 14,366,568 shares, 120 decreased positions by 7,465,224 and 40 held positions by 114,378,348. That puts total institutional holdings at 136,210,140 shares, according to SEC filings. The stock grabbed 35 new institutional investments totaling 3,381,303 shares while 24 institutional investors sold out their entire positions totaling 508,692 shares.Integrated Device Technology, Inc. (NASDAQ:IDTI) Insider Trades
Multiple company employees have indulged in significant insider trading. Integrated Device Technology, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Parnell Gordon W has sold 6,000 shares of Integrated Device Technology, Inc. (IDTI) in trading session dated Nov. 20, 2017. These shares are worth $194,700 and were traded at $32.45 each. The SEC filing shows that Montana Mario performed a sale of 14,738 shares. The VP, CORPORATE GM disposed these shares by way of transaction on Nov. 06, 2017. The company’s shares were given away at $32.73 per share worth to an income of some $482,375 on account of Montana Mario.
Sr Vice President&Corporate GM, Fan Xianzhi Sean, sold 67,041 common shares of Integrated Device Technology, Inc. (IDTI) in the open market. In a transaction dated Nov. 06, 2017, the shares were put up for sale at an average price of $31.72, raking in a sum of $2,126,541. After this sale, 77,577 common shares of IDTI are directly owned by the insider, with total stake valued at $2,333,516.
In the transaction dated Nov. 06, 2017, the great number of shares disposed came courtesy the SR. VP of GLOBAL SALES & MARKE; Allexandre Chris disposed a total of 1,028 shares at an average price of $32.23, amounting to approximately $33,132. The insider now directly owns 49,936 shares worth $1,502,075.Integrated Device Technology, Inc. (IDTI) Analyst Guide
Several analysts have released their opinion on Integrated Device Technology, Inc. (NASDAQ:IDTI), with 8 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 1 strong sell ratings, collectively assigning a 1.75 average brokerage recommendation.