Mutual of America Capital Management LLC Buys 17,062 Shares of Integrated Device Technology, Inc. (IDTI)

Mutual of America Capital Management LLC increased its stake in Integrated Device Technology, Inc. (NASDAQ:IDTI) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,434 shares of the semiconductor company’s stock after acquiring an additional 17,062 shares during the period. Mutual of America Capital Management LLC owned about 0.16% of Integrated Device Technology worth $5,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Integrated Device Technology by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 10,548,562 shares of the semiconductor company’s stock valued at $249,684,000 after acquiring an additional 416,108 shares during the last quarter. FMR LLC lifted its stake in shares of Integrated Device Technology by 9.5% in the 1st quarter. FMR LLC now owns 6,121,256 shares of the semiconductor company’s stock valued at $144,890,000 after acquiring an additional 532,429 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Integrated Device Technology by 0.4% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,096,721 shares of the semiconductor company’s stock valued at $131,444,000 after acquiring an additional 17,937 shares during the last quarter. State Street Corp lifted its stake in shares of Integrated Device Technology by 3.1% in the 1st quarter. State Street Corp now owns 4,720,620 shares of the semiconductor company’s stock valued at $111,736,000 after acquiring an additional 142,841 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Integrated Device Technology by 5.1% in the 2nd quarter. Alliancebernstein L.P. now owns 3,252,085 shares of the semiconductor company’s stock valued at $83,871,000 after acquiring an additional 158,917 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

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Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The company had revenue of $196.71 million for the quarter, compared to the consensus estimate of $195.10 million. During the same period in the prior year, the firm posted $0.36 EPS. The business’s revenue was up 2.4% on a year-over-year basis.

In related news, Director S Kenneth Kannappan purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average price of $24.32 per share, with a total value of $48,640.00. Following the completion of the purchase, the director now owns 18,637 shares of the company’s stock, valued at approximately $453,251.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mario Montana sold 20,374 shares of Integrated Device Technology stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $24.43, for a total transaction of $497,736.82. Following the sale, the vice president now directly owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The disclosure for this sale can be found here. Insiders own 1.24% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub lowered Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. KeyCorp reissued an “overweight” rating on shares of Integrated Device Technology in a research note on Thursday, September 14th. Susquehanna Bancshares Inc boosted their target price on Integrated Device Technology from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Wednesday, June 28th. Finally, Pacific Crest reissued an “overweight” rating and issued a $30.00 target price on shares of Integrated Device Technology in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Integrated Device Technology has an average rating of “Hold” and a consensus target price of $28.17.

Integrated Device Technology Company 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.

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

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