Insider Holder Move: Why Matthew Brandalise Sold 9,500 Shares of Integrated Device Technology Inc (NASDAQ:IDTI)?

November 29, 2016 - By Adrian Mccoy

Insider Holder Move: Why Matthew Brandalise Sold 9,500 Shares of Integrated Device Technology Inc (NASDAQ:IDTI)?

Matthew Brandalise Insider Sell

Matthew Brandalise – an insider in Integrated Device Technology Inc who is the current VP GENERAL COUNSEL — unloaded some 9,500 shares of Integrated Device Technology Inc, worth total roughly U.S. Dollars 242,502 based on an average price-per-share of U.S. Dollars 25.5. Presently, Matthew Brandalise owns 66,573 shares which are equivalent to roughly 0.05% of the Company’s market cap (total dollar market value of all company’s outstanding shares).

Integrated Device Technology Inc (NASDAQ:IDTI) Ratings Coverage

Out of 14 analysts covering Integrated Device (NASDAQ:IDTI), 13 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 93% are positive. $35.0 is the highest target while $19 is the lowest. The $26.70 average target is 5.62% above today’s ($25.28) stock price. Integrated Device has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Chardan Capital Markets with “Buy” on Monday, February 8. On Tuesday, December 1 the stock rating was maintained by Craig Hallum with “Buy”. The firm has “Buy” rating given on Monday, May 23 by Brean Capital. Charter Equity initiated Integrated Device Technology Inc (NASDAQ:IDTI) on Monday, October 26 with “Buy” rating. The stock has “Overweight” rating given by JP Morgan on Thursday, August 18. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has “Buy” rating given on Thursday, September 29 by Roth Capital. The rating was maintained by Craig Hallum with “Buy” on Wednesday, December 9. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has “Buy” rating given on Tuesday, August 4 by Chardan Capital Markets. The stock has “Buy” rating given by Needham on Tuesday, August 2. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) earned “Buy” rating by TH Capital on Thursday, September 29.

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.01, from 0.95 in 2016Q1. The ratio turned negative, as 45 funds sold all Integrated Device Technology Inc shares owned while 101 reduced positions. 41 funds bought stakes while 98 increased positions. They now own 117.48 million shares or 3.18% less from 121.33 million shares in 2016Q1.

Blackrock Invest Management Lc has 0.02% invested in the company for 868,676 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 4,153 shares in its portfolio. Signaturefd Limited Liability has 0% invested in the company for 60 shares. Strategic Global Lc has invested 0.1% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Polaris Cap Management Limited Liability Company accumulated 107,839 shares or 0.19% of the stock. Teachers has invested 0.03% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Great West Life Assurance Can holds 0% or 16,497 shares in its portfolio. Trexquant Invest L P has 19,314 shares for 0.05% of their US portfolio. Bancshares Of Ny Mellon reported 1.88 million shares or 0.01% of all its holdings. Pinnacle Associates Ltd accumulated 0.5% or 1.16 million shares. Alps Inc accumulated 20,004 shares or 0% of the stock. Credit Agricole S A holds 0% or 26,828 shares in its portfolio. Moreover, Polar Cap Ltd Liability Partnership has 0.1% invested in Integrated Device Technology Inc (NASDAQ:IDTI) for 260,023 shares. Bancorp Of Montreal Can reported 155,049 shares or 0% of all its holdings. Agf holds 0.02% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI) for 100,000 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 10 selling transactions for $9.75 million net activity. Chittipeddi Sailesh also sold $438,295 worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares. The insider SCHOFIELD JOHN A sold $19,200. $170,450 worth of shares were sold by Taffe Norman P on Tuesday, November 15. Shepard David also sold $175,921 worth of Integrated Device Technology Inc (NASDAQ:IDTI) on Wednesday, June 15. $149,524 worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares were sold by BRANDALISE MATTHEW D. The insider WHITE BRIAN C sold $367,529. $3.66M worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares were sold by WATERS GREGORY L.

The stock decreased 1.37% or $0.35 during the last trading session, hitting $25.28. About 997,515 shares traded hands. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 22.01% since April 26, 2016 and is uptrending. It has outperformed by 16.75% the S&P500.

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The company has a market cap of $3.38 billion. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. It has a 22.13 P/E ratio. It offers products in radio frequency , timing, wireless power transfer, serial switching, interfaces and sensing solutions.

According to Zacks Investment Research, “Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules. Applications for the company’s products include data and telecommunications equipment, such as routers, hubs, switches, cellular base stations and other devices; personal computers; and networked peripherals and servers, such as RAID arrays, servers, and printers.”

Analysts await Integrated Device Technology Inc (NASDAQ:IDTI) to report earnings on February, 6. They expect $0.26 EPS, down 13.33% or $0.04 from last year’s $0.3 per share. IDTI’s profit will be $34.76 million for 24.31 P/E if the $0.26 EPS becomes a reality. After $0.28 actual EPS reported by Integrated Device Technology Inc for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

More recent Integrated Device Technology Inc (NASDAQ:IDTI) news were published by: Fool.com which released: “Why Integrated Device Technology Inc. Stock Soared Today” on November 01, 2016. Also Fool.com published the news titled: “Why Integrated Device Technology, Inc. Fell 13% Today” on August 02, 2016. Reuters.com‘s news article titled: “BRIEF-Integrated device technology inc signed agreement with future electr..” with publication date: November 14, 2016 was also an interesting one.

IDTI Company Profile

Integrated Device Technology, Inc., incorporated on June 10, 1987, develops system-level solutions that optimize its customers’ applications. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. The Firm 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 divisions. 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. The Firm offers solutions in designing communications, computing, consumer, automotive and industrial applications. The Firm markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors, electronic manufacturing suppliers (EMSs) and independent sales representatives.

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