Integrated Device Technology Inc (IDTI) Formed Bullish Double Top Pattern; Buyers Could Thrive

June 19, 2017 - By Vivian Park

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.10, from 0.94 in 2016Q3. It is negative, as 35 investors sold Integrated Device Technology Inc shares while 101 reduced holdings. 41 funds opened positions while 73 raised stakes. 121.23 million shares or 2.63% less from 124.51 million shares in 2016Q3 were reported.
Teacher Retirement Of Texas accumulated 10,739 shares. Rice Hall James & Associates Lc holds 1.41M shares. Greenwood Cap Assoc Limited Com owns 16,523 shares for 0.11% of their portfolio. 419 are held by Kbc Nv. Bnp Paribas Arbitrage holds 43,556 shares or 0% of its portfolio. The Texas-based Carlson Lp has invested 0.09% in Integrated Device Technology Inc (NASDAQ:IDTI). Stoneridge Inv Prtn Llc stated it has 0.09% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Fifth Third Comml Bank, a Ohio-based fund reported 74 shares. Nippon Life Americas holds 0.14% in Integrated Device Technology Inc (NASDAQ:IDTI) or 63,810 shares. Ameritas holds 0.13% or 110,716 shares. Koshinski Asset Management Incorporated invested 0% in Integrated Device Technology Inc (NASDAQ:IDTI). Moreover, Quantbot Tech Lp has 0.14% invested in Integrated Device Technology Inc (NASDAQ:IDTI). Metropolitan Life Insurance Co New York, New York-based fund reported 214,454 shares. Advent Capital Mgmt De owns 25,000 shares or 0.01% of their US portfolio. 2.17M were accumulated by State Of New Jersey Common Pension Fund D.

Since February 15, 2017, it had 0 insider buys, and 13 selling transactions for $5.53 million activity. PARNELL GORDON W also sold $143,940 worth of Integrated Device Technology Inc (NASDAQ:IDTI) on Monday, March 13. BRANDALISE MATTHEW D had sold 3,923 shares worth $94,290 on Monday, May 15. On Monday, May 15 the insider Chittipeddi Sailesh sold $109,071. 4,486 shares valued at $107,821 were sold by Shepard David on Monday, May 15. MONTANA MARIO had sold 25,314 shares worth $657,658 on Friday, May 26. 19,762 Integrated Device Technology Inc (NASDAQ:IDTI) shares with value of $474,982 were sold by WATERS GREGORY L. 20,913 Integrated Device Technology Inc (NASDAQ:IDTI) shares with value of $527,215 were sold by WHITE BRIAN C.

The chart of Integrated Device Technology Inc (IDTI) shows a double top with $25.81 target or 3.00 % above today’s $25.06 share price. The 9 months chart pattern indicates low risk for the $3.35 billion company. It was reported on Jun, 19 by Finviz.com. If the $25.81 price target is reached, the company will be worth $100.50M more. Double tops are rare but powerful chart patterns.

About 45,879 shares traded. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 12.80% since June 19, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.

Analysts expect Integrated Device Technology Inc (NASDAQ:IDTI) to report $0.25 EPS on August, 7.They anticipate $0.05 EPS change or 16.67 % from last quarter’s $0.3 EPS. IDTI’s profit would be $33.33 million giving it 25.05 P/E if the $0.25 EPS is correct. After having $0.29 EPS previously, Integrated Device Technology Inc’s analysts see -13.79 % EPS growth.

Integrated Device Technology Inc (NASDAQ:IDTI) Ratings Coverage

Among 16 analysts covering Integrated Device (NASDAQ:IDTI), 14 have Buy rating, 1 Sell and 1 Hold. Therefore 88% are positive. Integrated Device had 27 analyst reports since August 4, 2015 according to SRatingsIntel. Chardan Capital Markets maintained the shares of IDTI in report on Monday, February 8 with “Buy” rating. The firm earned “Buy” rating on Tuesday, October 27 by Craig Hallum. The stock has “Buy” rating by Charter Equity on Monday, October 26. The rating was maintained by Chardan Capital Markets on Tuesday, August 4 with “Buy”. TH Capital initiated Integrated Device Technology Inc (NASDAQ:IDTI) on Thursday, September 29 with “Buy” rating. The firm has “Buy” rating by Bank of America given on Friday, September 18. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) earned “Hold” rating by Zacks on Thursday, August 6. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) earned “Overweight” rating by JP Morgan on Thursday, August 18. Needham maintained Integrated Device Technology Inc (NASDAQ:IDTI) on Tuesday, August 2 with “Buy” rating. On Wednesday, November 2 the stock rating was upgraded by Charter Equity to “Buy”.

More important recent Integrated Device Technology Inc (NASDAQ:IDTI) news were published by: Marketwired.com which released: “IDT to Exhibit Leading Sensor and Wireless Power Solutions at Automotive …” on June 06, 2017, also Nasdaq.com published article titled: “Integrated Device Technology Inc (IDTI) Files 10-K for the Fiscal Year Ended …”, Prnewswire.com published: “Semiconductor Stock Performance Review — Broadcom, Integrated Device …” on June 13, 2017. More interesting news about Integrated Device Technology Inc (NASDAQ:IDTI) was released by: Marketwired.com and their article: “IDT to Showcase Contactless Position Sensors at Sensors Expo 2017” with publication date: June 19, 2017.

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