Integrated Device Technology Inc: Ameriprise Financial Inc Makes Purchase

February 15, 2018 - By Adrian Erickson

 Integrated Device Technology Inc: Ameriprise Financial Inc Makes Purchase

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.03, from 1.08 in 2017Q2. It increased, as 19 investors sold Integrated Device Technology, Inc. shares while 79 reduced holdings. 33 funds opened positions while 76 raised stakes. 133.15 million shares or 5.38% more from 126.35 million shares in 2017Q2 were reported.

Manufacturers Life Ins Com The has 378,401 shares. First Citizens Natl Bank Trust has invested 0.05% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Moreover, Cwm Ltd Com has 0% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 130 shares. Royal Savings Bank Of Canada invested in 0.01% or 410,131 shares. Ameriprise Fincl reported 7.33 million shares stake. Bankshares Of America De stated it has 1.80 million shares or 0.01% of all its holdings. Jane Street Lc holds 0% or 22,950 shares in its portfolio. Nationwide Fund Advsr stated it has 362,854 shares or 0.04% of all its holdings. Millrace Asset owns 160,246 shares for 4% of their portfolio. Symmetry Peak Management Limited Co has invested 0.05% in Integrated Device Technology, Inc. (NASDAQ:IDTI). United Serv Automobile Association invested in 285,197 shares. Raymond James Fin Serv Advisors Inc holds 0% in Integrated Device Technology, Inc. (NASDAQ:IDTI) or 10,442 shares. Louisiana State Employees Retirement System reported 35,600 shares. Moreover, California Employees Retirement Systems has 0.01% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI). Oakworth Cap holds 0% or 240 shares.

Since December 14, 2017, it had 0 insider purchases, and 7 sales for $3.68 million activity. Another trade for 22,778 shares valued at $682,222 was made by Shepard David on Thursday, December 14. WATERS GREGORY L sold $283,294 worth of stock. Chittipeddi Sailesh had sold 5,045 shares worth $157,555.

The New Ameriprise Financial Inc Holding in Integrated Device Technology Inc

Ameriprise Financial Inc reported SC 13G form with the SEC for Integrated Device Technology Inc. Access it here: 000119312518045466. As reported by Ameriprise Financial Inc, the filler owns 5.62% or 7,464,314 shares of the Information Technology–company.

Integrated Device Technology Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Integrated Device Technology Inc.

Integrated Device Technology Inc Institutional Sentiment

Filings show 276 investors own Integrated Device Technology Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 5413127. 136209759 were owned by these investors. 37 funds opened new Integrated Device Technology Inc stakes, 105 increased positions. There were 53 that closed positions and 110 reduced them.

6 investors had the stock in their top 10. Some are: Millrace Asset Group Inc., Trigran Investments Inc., Rice Hall James & Associates Llc, Rk Capital Management Llc, 1492 Capital Management Llc..

Stanley-Laman Group Ltd is an investor bullish on Integrated Device Technology Inc, owning 361310 shares as of Q3 2015 for 1.49% of its portfolio. Century Capital Management Llc owns 1243388 shares or 1.43% of its portfolio. NY Pergamon Offshore Advisors Lp have 1.32% of its portfolio for 59676 shares. Further, Venator Capital Management Ltd reported stake worth 12.72% of its portfolio. The A2 Sarbit Advisory Services Inc owns 6135100 shares. Integrated Device Technology Inc is 19.25% of its portfolio.

Business Profile

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions. It offers a range of mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. These products are used for development in areas, such as fourth generation (4G) infrastructure, network communications, cloud datacenters and power management for computing and mobile devices. It offers solutions in designing communications, computing, consumer, automotive and industrial applications. It markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors and electronic manufacturing suppliers (EMSs).

SEC Form 13G.

The stock increased 3.44% or $0.96 during the last trading session, reaching $28.84. About 937,438 shares traded. Integrated Device Technology, Inc. (NASDAQ:IDTI) has risen 12.80% since February 15, 2017 and is uptrending. It has underperformed by 3.90% the S&P500.

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 $3.82 billion. It operates in two divisions, Communications; and Computing, Consumer, and Industrial. It currently has negative earnings. 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.

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

Among 19 analysts covering Integrated Device (NASDAQ:IDTI), 17 have Buy rating, 1 Sell and 1 Hold. Therefore 89% are positive. Integrated Device has $40.0 highest and $19 lowest target. $31.31’s average target is 8.56% above currents $28.84 stock price. Integrated Device had 48 analyst reports since August 4, 2015 according to SRatingsIntel. Summit Redstone Partners upgraded the stock to “Buy” rating in Tuesday, October 31 report. Craig Hallum maintained Integrated Device Technology, Inc. (NASDAQ:IDTI) rating on Tuesday, December 1. Craig Hallum has “Buy” rating and $33.0 target. The stock has “Neutral” rating by Bank of America on Thursday, February 16. The rating was maintained by Susquehanna with “Buy” on Tuesday, January 30. The company was maintained on Tuesday, August 4 by Chardan Capital Markets. The firm earned “Underweight” rating on Tuesday, October 31 by Barclays Capital. The rating was upgraded by Charter Equity on Wednesday, November 2 to “Buy”. Needham maintained Integrated Device Technology, Inc. (NASDAQ:IDTI) rating on Tuesday, August 2. Needham has “Buy” rating and $25 target. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Tuesday, January 30. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, October 16 report.

More notable recent Integrated Device Technology, Inc. (NASDAQ:IDTI) news were published by: Seekingalpha.com which released: “Integrated Device Technology’s (IDTI) CEO Greg Waters on Q3 2018 Results …” on January 30, 2018, also Realmoney.Thestreet.com with their article: “My Inconclusive Technical Read on Integrated Device Technology” published on January 24, 2018, Nasdaq.com published: “First Week of March 16th Options Trading For Integrated Device Technology (IDTI)” on January 23, 2018. More interesting news about Integrated Device Technology, Inc. (NASDAQ:IDTI) were released by: Seekingalpha.com and their article: “Integrated Device Tech +4% after Q3 beats; guidance on conference call” published on January 29, 2018 as well as Seekingalpha.com‘s news article titled: “Data Center Driving IDT Ahead Of New Launches And Revenue Opportunities” with publication date: January 30, 2018.

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