As Integrated Device Technology (IDTI) Market Value Declined, Trigran Investments INC Has Lifted Its Position by $10.48 Million

October 13, 2017 - By Nellie Frank

Investors sentiment decreased to 1.08 in Q2 2017. Its down 0.07, from 1.15 in 2017Q1. It fall, as 31 investors sold IDTI shares while 75 reduced holdings. 31 funds opened positions while 84 raised stakes. 126.35 million shares or 4.19% more from 121.26 million shares in 2017Q1 were reported. Louisiana State Employees Retirement System reported 34,700 shares. Paloma Prns Mgmt Com holds 0.01% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI) for 16,960 shares. Wolverine Asset Lc owns 1,000 shares. Polaris Limited Liability Corp has 107,839 shares for 0.16% of their portfolio. Oakbrook Invs Limited Liability Co invested in 9,850 shares. Hanson Mcclain reported 0% in Integrated Device Technology Inc (NASDAQ:IDTI). Amer Intl Group has 352,212 shares for 0.03% of their portfolio. Metropolitan Life Ny invested 0.04% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Canada Pension Plan Board has invested 0% in Integrated Device Technology Inc (NASDAQ:IDTI). Ing Groep Nv reported 0.01% stake. Roystone Capital Lp reported 0.61% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Ls Invest Advisors Ltd Liability has 12,265 shares for 0.02% of their portfolio. 80,907 are owned by Raymond James & Assocs. Us Fincl Bank De holds 0.01% in Integrated Device Technology Inc (NASDAQ:IDTI) or 70,290 shares. Kennedy Cap has invested 0.08% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI).

Since May 15, 2017, it had 0 insider purchases, and 16 insider sales for $9.48 million activity. $457,965 worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares were sold by WHITE BRIAN C. 9,809 shares were sold by Shepard David, worth $238,914. $532,167 worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares were sold by Chittipeddi Sailesh. 3,923 Integrated Device Technology Inc (NASDAQ:IDTI) shares with value of $94,290 were sold by BRANDALISE MATTHEW D. Shares for $657,658 were sold by MONTANA MARIO. FAN XIANZHI SEAN had sold 6,898 shares worth $165,794.

Douglas T. Granat increased its stake in Integrated Device Technology (IDTI) by 38.34% based on its latest 2017Q2 regulatory filing with the SEC. Trigran Investments Inc bought 419,130 shares as the company’s stock declined 2.95% while stock markets rallied. The hedge fund run by Douglas T. Granat held 1.51M shares of the technology company at the end of 2017Q2, valued at $39.00M, up from 1.09 million at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Integrated Device Technology for a number of months, seems to be bullish on the $3.73B market cap company. The stock increased 0.58% or $0.16 during the last trading session, reaching $27.92. About 738,755 shares traded. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 12.80% since October 13, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.

Trigran Investments Inc, which manages about $278.36M and $390.38M US Long portfolio, decreased its stake in Kmg Chemicals Inc (NYSE:KMG) by 586,027 shares to 766,999 shares, valued at $37.33 million in 2017Q2, according to the filing.

More news for Integrated Device Technology Inc (NASDAQ:IDTI) were recently published by: Seekingalpha.com, which released: “IDT passes 30M shipped Qi transmitters” on September 15, 2017. Seekingalpha.com‘s article titled: “Integrated Device Has More To Offer, But Transitions Can Be Tough” and published on September 13, 2017 is yet another important article.

Integrated Device Technology Inc (NASDAQ:IDTI) Ratings Coverage

Among 18 analysts covering Integrated Device (NASDAQ:IDTI), 16 have Buy rating, 2 Sell and 0 Hold. Therefore 89% are positive. Integrated Device had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The company was reinitiated on Wednesday, January 4 by Pacific Crest. Bank of America upgraded the shares of IDTI in report on Wednesday, May 11 to “Buy” rating. The rating was maintained by Craig Hallum with “Buy” on Tuesday, October 27. Charter Equity initiated the stock with “Buy” rating in Monday, October 26 report. Charter Equity upgraded the shares of IDTI in report on Wednesday, November 2 to “Buy” rating. JP Morgan initiated Integrated Device Technology Inc (NASDAQ:IDTI) rating on Thursday, August 18. JP Morgan has “Overweight” rating and $26 target. On Sunday, July 30 the stock rating was maintained by Roth Capital with “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 Craig Hallum with “Buy” on Tuesday, December 1. On Tuesday, December 6 the stock rating was initiated by Loop Capital with “Buy”.

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