1492 Capital Management Has Decreased Holding in Integrated Device Technology (IDTI) by $576,346; As Companhia Brasileira De Dist (CBD) Valuation Declined, Indus Capital Partners Has Trimmed Its Holding by $402,500

May 18, 2018 - By Marguerite Chambers

Integrated Device Technology, Inc. (NASDAQ:IDTI) Logo

1492 Capital Management Llc decreased its stake in Integrated Device Technology (IDTI) by 17.61% based on its latest 2017Q4 regulatory filing with the SEC. 1492 Capital Management Llc sold 19,874 shares as the company’s stock rose 2.35% while stock markets declined. The institutional investor held 93,000 shares of the technology company at the end of 2017Q4, valued at $2.77M, down from 112,874 at the end of the previous reported quarter. 1492 Capital Management Llc who had been investing in Integrated Device Technology for a number of months, seems to be less bullish one the $4.17 billion market cap company. The stock decreased 0.44% or $0.14 during the last trading session, reaching $31.53. About 884,025 shares traded. Integrated Device Technology, Inc. (NASDAQ:IDTI) has risen 30.43% since May 18, 2017 and is uptrending. It has outperformed by 18.88% the S&P500.

David Kowitz decreased its stake in Companhia Brasileira De Dist (CBD) by 7.02% based on its latest 2017Q4 regulatory filing with the SEC. Indus Capital Partners Llc sold 17,500 shares as the company’s stock declined 10.57% with the market. The hedge fund run by David Kowitz held 231,900 shares of the food chains company at the end of 2017Q4, valued at $5.47M, down from 249,400 at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in Companhia Brasileira De Dist for a number of months, seems to be less bullish one the $5.70 billion market cap company. The stock decreased 1.97% or $0.42 during the last trading session, reaching $20.9. About 265,355 shares traded. Companhia Brasileira de Distribuição (NYSE:CBD) has risen 0.66% since May 18, 2017 and is uptrending. It has underperformed by 10.89% the S&P500.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.28, from 1.11 in 2017Q3. It worsened, as 24 investors sold IDTI shares while 94 reduced holdings. 41 funds opened positions while 57 raised stakes. 124.57 million shares or 6.44% less from 133.15 million shares in 2017Q3 were reported. Panagora Asset Inc holds 8,900 shares. Aperio Gru Limited Liability Corp owns 29,965 shares or 0% of their US portfolio. Legal & General Group Public Ltd Liability Com reported 121,616 shares. Amalgamated Comml Bank reported 19,567 shares. Pacad Limited holds 0.03% or 4,700 shares in its portfolio. Ny State Common Retirement Fund owns 146,300 shares. Kennedy Cap Mngmt holds 0.08% or 150,236 shares. First Manhattan Com reported 13,200 shares. Yorktown And Rech invested in 0.1% or 11,500 shares. Westfield Capital Mgmt Ltd Partnership accumulated 0.19% or 833,100 shares. Hanson Mcclain reported 0% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Pub Employees Retirement Systems Of Ohio reported 5,134 shares or 0% of all its holdings. Nelson Van Denburg And Campbell Wealth Group Ltd Liability Corp stated it has 0.03% in Integrated Device Technology, Inc. (NASDAQ:IDTI). Sg Americas Secs Ltd holds 0.01% or 19,975 shares. Dekabank Deutsche Girozentrale stated it has 29,300 shares.

Analysts await Integrated Device Technology, Inc. (NASDAQ:IDTI) to report earnings on July, 30. They expect $0.35 earnings per share, up 40.00% or $0.10 from last year’s $0.25 per share. IDTI’s profit will be $46.32M for 22.52 P/E if the $0.35 EPS becomes a reality. After $0.39 actual earnings per share reported by Integrated Device Technology, Inc. for the previous quarter, Wall Street now forecasts -10.26% negative EPS growth.

Since December 14, 2017, it had 0 insider purchases, and 16 insider sales for $7.24 million activity. The insider WHITE BRIAN C sold $792,098. The insider Chittipeddi Sailesh sold $157,555. Allexandre Chris sold $87,290 worth of stock. $705,210 worth of stock was sold by MONTANA MARIO on Thursday, March 8. Shepard David sold $682,222 worth of stock.

Among 20 analysts covering Integrated Device (NASDAQ:IDTI), 18 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. Integrated Device had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 31 by KeyBanc Capital Markets. The rating was upgraded by Summit Redstone Partners on Tuesday, October 31 to “Buy”. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Buy” rating given on Sunday, July 30 by Roth Capital. The firm has “Outperform” rating given on Tuesday, February 2 by Wedbush. Barclays Capital maintained Integrated Device Technology, Inc. (NASDAQ:IDTI) rating on Tuesday, October 31. Barclays Capital has “Underweight” rating and $28 target. As per Wednesday, January 17, the company rating was upgraded by Barclays Capital. On Tuesday, January 30 the stock rating was maintained by Craig Hallum with “Buy”. Needham maintained Integrated Device Technology, Inc. (NASDAQ:IDTI) on Tuesday, January 30 with “Buy” rating. On Tuesday, May 1 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, October 16.

Another recent and important Integrated Device Technology, Inc. (NASDAQ:IDTI) news was published by Benzinga.com which published an article titled: “Soft Apple, Samsung Handset Demand A Common Theme Across Semiconductor Stocks, KeyBanc Says In Earnings …” on April 30, 2018.

Analysts await Companhia Brasileira de Distribuição (NYSE:CBD) to report earnings on July, 24. They expect $0.12 earnings per share, down 73.33% or $0.33 from last year’s $0.45 per share. CBD’s profit will be $32.75 million for 43.54 P/E if the $0.12 EPS becomes a reality. After $0.16 actual earnings per share reported by Companhia Brasileira de Distribuição for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Integrated Device Technology, Inc. (NASDAQ:IDTI) Institutional Positions Chart

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