Trigran Investments INC Has Upped Its Position in Integrated Device Technology (IDTI) by $10.48 Million as Market Valuation Declined

October 13, 2017 - By Henry Gaston

Investors sentiment decreased to 1.08 in Q2 2017. Its down 0.07, from 1.15 in 2017Q1. It is negative, 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. Employees Retirement Sys Of Texas stated it has 0.07% in Integrated Device Technology Inc (NASDAQ:IDTI). Fortaleza Asset Management holds 5,910 shares. Suffolk Mgmt Limited holds 0.24% or 69,789 shares in its portfolio. First Manhattan invested 0% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Ing Groep Nv stated it has 0.01% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Ellington Group holds 0.06% or 16,400 shares in its portfolio. Schwab Charles Investment invested in 0.02% or 740,070 shares. Essex Inv Lc owns 41,744 shares. Huntington Savings Bank stated it has 735 shares. Cwm Ltd Llc accumulated 130 shares. Parallax Volatility Advisers LP reported 577 shares. Columbia Partners L L C Mngmt holds 0.26% or 79,508 shares in its portfolio. Vaughan Nelson Mgmt LP invested in 2.49 million shares or 0.77% of the stock. Century Lc accumulated 253,631 shares. 45,107 were accumulated by Profund Advisors Limited.

Since May 15, 2017, it had 0 insider purchases, and 16 insider sales for $9.48 million activity. $107,821 worth of Integrated Device Technology Inc (NASDAQ:IDTI) was sold by Shepard David. Shares for $657,658 were sold by MONTANA MARIO. 8,600 shares valued at $209,467 were sold by BRANDALISE MATTHEW D on Thursday, June 15. Shares for $454,056 were sold by FAN XIANZHI SEAN. $109,071 worth of stock was sold by Chittipeddi Sailesh on Monday, May 15. The insider WATERS GREGORY L sold 170,718 shares worth $4.16M.

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 1.51 million shares of the technology company at the end of 2017Q2, valued at $39.00M, up from 1.09M 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 $390.38 million 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: “Integrated Device Has More To Offer, But Transitions Can Be Tough” on September 13, 2017. Seekingalpha.com‘s article titled: “IDT passes 30M shipped Qi transmitters” and published on September 15, 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 stock has “Buy” rating by Craig Hallum on Wednesday, December 9. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, February 2. Bank of America initiated the shares of IDTI in report on Friday, September 18 with “Buy” rating. On Thursday, September 29 the stock rating was initiated by Roth Capital with “Buy”. On Monday, February 8 the stock rating was maintained by Chardan Capital Markets with “Buy”. The firm has “Buy” rating given on Friday, June 16 by Needham. As per Thursday, August 31, the company rating was maintained by KeyBanc Capital Markets. Loop Capital initiated Integrated Device Technology Inc (NASDAQ:IDTI) on Tuesday, December 6 with “Buy” rating. On Tuesday, October 27 the stock rating was maintained by Craig Hallum with “Buy”. Needham maintained Integrated Device Technology Inc (NASDAQ:IDTI) on Tuesday, January 31 with “Buy” rating.

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