Integrated Device Technology, Inc. (IDTI) Reaches $28.15 After 8.00% Up Move; Contour Asset Management Trimmed Wayfair (Call) (W) Stake By $23.21 Million

February 15, 2018 - By Henry Gaston

Contour Asset Management Llc decreased Wayfair Inc (Call) (W) stake by 49.58% reported in 2017Q3 SEC filing. Contour Asset Management Llc sold 346,492 shares as Wayfair Inc (Call) (W)’s stock rose 54.30%. The Contour Asset Management Llc holds 352,400 shares with $23.75M value, down from 698,892 last quarter. Wayfair Inc (Call) now has $8.44B valuation. The stock decreased 0.96% or $0.93 during the last trading session, reaching $96.14. About 316,581 shares traded. Wayfair Inc. (NYSE:W) has risen 54.80% since February 15, 2017 and is uptrending. It has outperformed by 38.10% the S&P500.

The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) is a huge mover today! The stock increased 0.97% or $0.27 during the last trading session, reaching $28.15. About 391,532 shares traded. Integrated Device Technology, Inc. (NASDAQ:IDTI) has risen 12.80% since February 15, 2017 and is uptrending. It has underperformed by 3.90% the S&P500.The move comes after 7 months positive chart setup for the $3.73 billion company. It was reported on Feb, 15 by Barchart.com. We have $30.40 PT which if reached, will make NASDAQ:IDTI worth $298.00 million more.

Contour Asset Management Llc increased Nvidia Corp (NASDAQ:NVDA) stake by 7,061 shares to 260,352 valued at $46.54 million in 2017Q3. It also upped Amazon Com Inc (NASDAQ:AMZN) stake by 29,341 shares and now owns 91,741 shares. Qorvo Inc was raised too.

Among 30 analysts covering Wayfair LLC (NYSE:W), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Wayfair LLC had 80 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, December 15 by Stifel Nicolaus. Wedbush maintained it with “Outperform” rating and $55 target in Wednesday, May 3 report. The rating was maintained by Piper Jaffray with “Buy” on Friday, September 8. The firm earned “Neutral” rating on Friday, November 3 by Credit Suisse. The stock has “Buy” rating by Canaccord Genuity on Tuesday, August 8. On Monday, June 19 the stock rating was downgraded by Maxim Group to “Hold”. Robert W. Baird maintained it with “Neutral” rating and $65 target in Friday, November 3 report. Credit Suisse maintained Wayfair Inc. (NYSE:W) on Wednesday, August 9 with “Neutral” rating. The rating was maintained by Piper Jaffray with “Buy” on Monday, October 16. The firm has “Neutral” rating by Citigroup given on Friday, August 14.

Since August 14, 2017, it had 0 insider buys, and 79 insider sales for $20.13 million activity. Macri Edmond also sold $385,790 worth of Wayfair Inc. (NYSE:W) on Friday, December 15. Savarese James had sold 1,215 shares worth $85,451 on Tuesday, August 15. $187,612 worth of Wayfair Inc. (NYSE:W) was sold by Shah Niraj on Monday, January 29. On Thursday, September 28 the insider Mulliken John Champlin sold $64,216. On Thursday, February 1 the insider Oblak Steve sold $13,658. Conine Steven also sold $2.80M worth of Wayfair Inc. (NYSE:W) shares. $38,980 worth of Wayfair Inc. (NYSE:W) shares were sold by FLEISHER MICHAEL D.

Analysts await Wayfair Inc. (NYSE:W) to report earnings on February, 22. They expect $-0.74 EPS, down 45.10% or $0.23 from last year’s $-0.51 per share. After $-0.88 actual EPS reported by Wayfair Inc. for the previous quarter, Wall Street now forecasts -15.91% EPS growth.

Investors sentiment increased to 1.63 in 2017 Q3. Its up 0.41, from 1.22 in 2017Q2. It increased, as 27 investors sold W shares while 44 reduced holdings. 48 funds opened positions while 68 raised stakes. 58.00 million shares or 1.74% more from 57.01 million shares in 2017Q2 were reported. Allen Invest Management Ltd Liability Company has invested 3.01% in Wayfair Inc. (NYSE:W). J Goldman & Lp owns 4,300 shares. Millennium Ltd Liability Corporation holds 0.01% or 61,469 shares. Chilton Invest Ltd Liability Com has invested 1.53% of its portfolio in Wayfair Inc. (NYSE:W). Bancshares Of Montreal Can owns 0% invested in Wayfair Inc. (NYSE:W) for 4,242 shares. Graham Capital LP holds 0.02% or 13,500 shares. Jasper Ridge Prns Limited Partnership stated it has 88,946 shares. Teacher Retirement Sys Of Texas stated it has 2,988 shares. Northwestern Mutual Wealth stated it has 192 shares or 0% of all its holdings. Tci Wealth Advsrs, Arizona-based fund reported 9 shares. Vanguard invested 0.01% in Wayfair Inc. (NYSE:W). Moreover, State Of New Jersey Common Pension Fund D has 0.02% invested in Wayfair Inc. (NYSE:W). Axa stated it has 0% in Wayfair Inc. (NYSE:W). Fny Managed Accounts Ltd Liability Co invested in 0.12% or 1,400 shares. Utah Retirement stated it has 7,017 shares or 0.01% of all its holdings.

Integrated Device Technology, Inc. designs, develops, makes, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and Internet-of-things end-markets. The company has market cap of $3.73 billion. It operates in two divisions, Communications; and Computing, Consumer, and Industrial. It currently has negative earnings. The Communications segment offers clocks and timing solutions; flow-control management devices comprising Serial RapidIO switching solutions; multi-port products; telecommunications products; static random access memory products; first in and first out memories; digital logic products; radio frequency products; and frequency control solutions.

Since December 14, 2017, it had 0 insider purchases, and 7 sales for $3.68 million activity. WHITE BRIAN C sold 29,250 shares worth $979,875. WATERS GREGORY L sold $283,294 worth of stock. Shepard David sold $682,222 worth of stock or 22,778 shares. Another trade for 5,045 shares valued at $157,555 was made by Chittipeddi Sailesh on Tuesday, January 30.

Among 19 analysts covering Integrated Device (NASDAQ:IDTI), 17 have Buy rating, 1 Sell and 1 Hold. Therefore 89% are positive. Integrated Device had 48 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Needham on Tuesday, August 1 with “Buy”. On Wednesday, January 4 the stock rating was reinitiated by Pacific Crest with “Overweight”. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Buy” rating given on Friday, September 18 by Bank of America. The firm has “Buy” rating given on Monday, October 16 by KeyBanc Capital Markets. As per Friday, June 16, the company rating was maintained by Needham. The rating was initiated by Pacific Crest with “Overweight” on Tuesday, December 15. Bank of America upgraded the stock to “Buy” rating in Wednesday, May 11 report. Loop Capital initiated the shares of IDTI in report on Tuesday, December 6 with “Buy” rating. As per Tuesday, January 30, the company rating was maintained by KeyBanc Capital Markets. Charter Equity upgraded Integrated Device Technology, Inc. (NASDAQ:IDTI) on Wednesday, November 2 to “Buy” rating.

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