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

August 12, 2018 - By Billy Entrekin

Integrated Device Technology, Inc. (NASDAQ:IDTI) LogoInvestors sentiment increased to 0.99 in 2018 Q1. Its up 0.16, from 0.83 in 2017Q4. It improved, 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. Raymond James Assocs reported 60,824 shares. Thrivent Fin For Lutherans has invested 0% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Ameritas Inv Partners reported 94,904 shares stake. Kennedy Management invested in 193,596 shares or 0.12% of the stock. Jane Street Gru Limited Liability Com holds 0% or 30,848 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Integrated Device Technology, Inc. (NASDAQ:IDTI). 60,897 were reported by Pnc Financial Svcs Grp. Prudential Financial invested 0% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Moreover, United Capital Financial Advisers Limited Liability has 0% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI). Bancshares Of New York Mellon Corporation stated it has 0.01% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Raymond James Fin accumulated 8,974 shares or 0% of the stock. Rafferty Asset Management Ltd Liability Corp accumulated 0.07% or 146,199 shares. California Public Employees Retirement Sys reported 0.01% of its portfolio in Integrated Device Technology, Inc. (NASDAQ:IDTI). Rothschild Asset Mngmt holds 0.09% or 267,463 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System reported 0.02% in Integrated Device Technology, Inc. (NASDAQ:IDTI).

Since February 16, 2018, it had 0 insider buys, and 31 sales for $9.72 million activity. $91,664 worth of stock was sold by FAN XIANZHI SEAN on Friday, June 15. WHITE BRIAN C had sold 27,801 shares worth $856,271. $575,794 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) was sold by WATERS GREGORY L on Friday, June 15. $102,510 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) was sold by Allexandre Chris. Shepard David sold 2,000 shares worth $68,720. The insider MONTANA MARIO sold 2,567 shares worth $88,793.

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 15.58 million 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 $4.64B 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 $2170.58 billion US Long portfolio, upped its stake in Aimmune Therapeutics Inc () by 565,410 shares to 3.64 million shares, valued at $97.98M in 2018Q2, according to the filing. It also increased its holding in F M C Corp (NYSE:FMC) by 143,241 shares in the quarter, for a total of 9.04 million shares, and has risen its stake in Ametek Inc New (NYSE:AME).

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. JP Morgan maintained the stock with “Overweight” rating in Tuesday, May 1 report. Barclays Capital maintained Integrated Device Technology, Inc. (NASDAQ:IDTI) on Tuesday, July 31 with “Equal-Weight” rating. The company was maintained on Tuesday, June 12 by Cowen & Co. Bank of America upgraded the stock to “Neutral” rating in Tuesday, May 1 report. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Buy” rating given on Tuesday, May 1 by Needham. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, July 5. The stock has “Neutral” rating by Bank of America on Tuesday, July 31.

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: Seekingalpha.com which released: “High-Flying Silicon Labs Gets Dinged As IoT Growth Hits A Lull” on August 06, 2018, also Seekingalpha.com published article titled: “Needham raises Integrated Device Technology to 20% upside”, Marketwatch.com published: “Charting a bullish technical tilt: S&P 500, Nasdaq rise within view of record territory” on August 07, 2018. More interesting news about Integrated Device Technology, Inc. (NASDAQ:IDTI) was released by: Globenewswire.com and their article: “Research Report Identifies Myriad Genetics, Celldex Therapeutics, Charles River Laboratories International, Louisiana …” with publication date: August 01, 2018.

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

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