IndexIQ Advisors LLC Has $48.11 Million Stake in Integrated Device Technology Inc (IDTI)

IndexIQ Advisors LLC grew its holdings in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 28.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 982,102 shares of the semiconductor company’s stock after buying an additional 217,734 shares during the quarter. Integrated Device Technology accounts for about 1.4% of IndexIQ Advisors LLC’s holdings, making the stock its 17th biggest position. IndexIQ Advisors LLC’s holdings in Integrated Device Technology were worth $48,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Integrated Device Technology by 4.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,463 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 393 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Integrated Device Technology by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 34,600 shares of the semiconductor company’s stock valued at $1,695,000 after purchasing an additional 400 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Integrated Device Technology by 300.0% during the fourth quarter. First Hawaiian Bank now owns 560 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 420 shares in the last quarter. BOKF NA lifted its position in shares of Integrated Device Technology by 1.9% during the fourth quarter. BOKF NA now owns 26,945 shares of the semiconductor company’s stock valued at $1,305,000 after purchasing an additional 497 shares in the last quarter. Finally, ETF Managers Group LLC lifted its position in shares of Integrated Device Technology by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 4,268 shares of the semiconductor company’s stock valued at $207,000 after purchasing an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

A number of research analysts recently weighed in on IDTI shares. BidaskClub lowered shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Charter Equity lowered shares of Integrated Device Technology from a “buy” rating to a “market perform” rating in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.50.

Shares of IDTI stock opened at $48.99 on Tuesday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 3.72 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 1.00. Integrated Device Technology Inc has a 52 week low of $27.71 and a 52 week high of $49.00.

In other Integrated Device Technology news, VP Chris Allexandre sold 2,569 shares of Integrated Device Technology stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $48.31, for a total value of $124,108.39. Following the sale, the vice president now owns 101,640 shares of the company’s stock, valued at $4,910,228.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.23% of the company’s stock.

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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.

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

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