Trigran Investments’ Holdings: Douglas Granat and Larry Oberman’s Top Moves

1. Integrated Device Technology Inc (NASDAQ:IDTI)

Integrated Device Technology Inc (NASDAQ:IDTI) represented Trigran Investment’s second-largest holding at the end of June, with the fund having disclosed a $39.0 million position that contained 1.51 million shares. During the second quarter, the fund boosted the size of its holding in the company by 38%. On the other hand, Paul Marshall and Ian Wace’s Marshall Wace LLC cut its stake by 83% to 98,900 shares during the second quarter.

Integrated Device Technology Inc (NASDAQ:IDTI)’s stock has advanced by 24% over the last year amid the company consistently beating EPS and revenue estimates. For the first quarter of its fiscal year 2018 (ended July 2), Integrated Device Technology posted EPS of $0.33, beating the consensus estimate of $0.32, while its revenue of $196.70 million was $1.60 million higher than expected. Given Integrated Device Technology Inc (NASDAQ:IDTI)’s wide portfolio of products that serve the telecom and automotive industries, among others, many analysts believe that the company is poised to maintain its growth.

Kappri/Shutterstock.com

Kappri/Shutterstock.com

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