Goldman Sachs Group Has Upped Integrated Device Technology (IDTI) Position by $19.99 Million; Crosslink Capital Has Trimmed Its Salesforce.Com (CRM) Position as Stock Value Rose

May 18, 2018 - By Nellie Frank

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

Goldman Sachs Group Inc increased its stake in Integrated Device Technology (IDTI) by 3480.8% based on its latest 2017Q4 regulatory filing with the SEC. Goldman Sachs Group Inc bought 689,199 shares as the company’s stock rose 2.35% while stock markets declined. The institutional investor held 708,999 shares of the technology company at the end of 2017Q4, valued at $21.08M, up from 19,800 at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in Integrated Device Technology for a number of months, seems to be bullish on the $4.19 billion market cap company. The stock increased 0.09% or $0.03 during the last trading session, reaching $31.67. About 837,505 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.

Seymour Sy Kaufman decreased its stake in Salesforce.Com (CRM) by 57.57% based on its latest 2017Q4 regulatory filing with the SEC. Crosslink Capital Inc sold 129,580 shares as the company’s stock rose 10.89% while stock markets declined. The hedge fund run by Seymour Sy Kaufman held 95,484 shares of the prepackaged software company at the end of 2017Q4, valued at $9.76M, down from 225,064 at the end of the previous reported quarter. Crosslink Capital Inc who had been investing in Salesforce.Com for a number of months, seems to be less bullish one the $93.64B market cap company. The stock decreased 2.11% or $2.72 during the last trading session, reaching $126.05. About 5.56M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 39.46% since May 18, 2017 and is uptrending. It has outperformed by 27.91% the S&P500.

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on May, 29 after the close. They expect $0.18 EPS, up 200.00% or $0.12 from last year’s $0.06 per share. CRM’s profit will be $133.72M for 175.07 P/E if the $0.18 EPS becomes a reality. After $0.15 actual EPS reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.15, from 1.34 in 2017Q3. It worsened, as 39 investors sold CRM shares while 274 reduced holdings. 110 funds opened positions while 261 raised stakes. 608.21 million shares or 0.25% less from 609.74 million shares in 2017Q3 were reported. Kentucky Retirement Insurance Trust Fund holds 18,223 shares or 0.31% of its portfolio. Alpha Cubed Invests owns 2,646 shares. Vigilant Management Limited Company accumulated 176 shares or 0% of the stock. Sigma Planning invested in 5,680 shares or 0.04% of the stock. Tru Of Vermont reported 0.21% in salesforce.com, inc. (NYSE:CRM). Badgley Phelps & Bell holds 0.8% in salesforce.com, inc. (NYSE:CRM) or 113,997 shares. 5,610 are owned by Provise Gp Ltd Liability Corporation. Parallax Volatility Advisers LP owns 16,040 shares or 0% of their US portfolio. Raymond James Tru Na reported 0.06% stake. Seatown Pte reported 200,000 shares stake. Tybourne Hk Limited holds 28.53% or 4.35M shares. Rhumbline Advisers invested in 1.12M shares or 0.23% of the stock. Moreover, Ahl Partners Llp has 0.02% invested in salesforce.com, inc. (NYSE:CRM). Ubs Oconnor Ltd Liability Corp reported 0.54% stake. Invesco Limited holds 3.47M shares or 0.13% of its portfolio.

Since December 11, 2017, it had 4 insider buys, and 170 selling transactions for $130.43 million activity. On Thursday, February 22 the insider Dayon Alexandre sold $115,177. The insider Robbins Cynthia G. sold $237,554. $162,653 worth of salesforce.com, inc. (NYSE:CRM) was sold by Weaver Amy E. Harris Parker had sold 1,877 shares worth $202,153 on Tuesday, February 13. On Thursday, April 12 the insider BLOCK KEITH sold $1.20M. Hawkins Mark J also sold $1.99M worth of salesforce.com, inc. (NYSE:CRM) on Thursday, March 22.

Among 55 analysts covering Salesforce.com (NYSE:CRM), 49 have Buy rating, 0 Sell and 6 Hold. Therefore 89% are positive. Salesforce.com had 234 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of salesforce.com, inc. (NYSE:CRM) has “Sell” rating given on Thursday, September 17 by Jefferies. The firm has “Buy” rating by Roth Capital given on Tuesday, August 25. Piper Jaffray reinitiated the shares of CRM in report on Friday, April 1 with “Overweight” rating. The company was maintained on Monday, August 21 by Drexel Hamilton. On Tuesday, May 23 the stock rating was maintained by BTIG Research with “Buy”. The firm has “Overweight” rating given on Thursday, September 1 by Morgan Stanley. BMO Capital Markets maintained the stock with “Outperform” rating in Monday, May 15 report. The stock of salesforce.com, inc. (NYSE:CRM) has “Hold” rating given on Wednesday, November 22 by Pivotal Research. As per Thursday, July 20, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Thursday, March 1 by Deutsche Bank.

Crosslink Capital Inc, which manages about $2.09 billion and $520.27 million US Long portfolio, upped its stake in Applied Materials (NASDAQ:AMAT) by 45,690 shares to 413,000 shares, valued at $21.11M in 2017Q4, according to the filing. It also increased its holding in Vantiv (NYSE:VNTV) by 14,570 shares in the quarter, for a total of 240,090 shares, and has risen its stake in Oracle (NYSE:ORCL).

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Forbes.com which released: “What To Watch For In Salesforce’s Q1 Earnings” on May 16, 2018, also Bizjournals.com with their article: “Aircall scores $29 million in venture capital backing” published on May 17, 2018, Investorplace.com published: “Trade of the Day: Salesforce.com (CRM)” on May 03, 2018. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Seekingalpha.com and their article: “Salesforce bought 4.9M Dropbox shares in Q1” published on May 14, 2018 as well as Bizjournals.com‘s news article titled: “Chandler tech firm raises $4.3 million, sells its CRM business to focus on Salesforce” with publication date: May 18, 2018.

Goldman Sachs Group Inc, which manages about $418.15B US Long portfolio, decreased its stake in Direxion Shs Etf Tr (Put) (TNA) by 162,000 shares to 33,900 shares, valued at $2.38 million in 2017Q4, according to the filing. It also reduced its holding in West Pharmaceutical Svsc Inc (NYSE:WST) by 204,354 shares in the quarter, leaving it with 777,269 shares, and cut its stake in Vanguard Index Fds (VBK).

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 stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Buy” rating given on Tuesday, January 30 by Craig Hallum. The company was maintained on Tuesday, October 31 by Barclays Capital. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, January 30. Zacks upgraded the shares of IDTI in report on Thursday, August 6 to “Hold” rating. Charter Equity upgraded the shares of IDTI in report on Wednesday, November 2 to “Buy” rating. Susquehanna maintained the shares of IDTI in report on Wednesday, June 28 with “Buy” rating. Pacific Crest initiated Integrated Device Technology, Inc. (NASDAQ:IDTI) on Tuesday, December 15 with “Overweight” rating. The stock has “Buy” rating by Dougherty & Company on Tuesday, October 27. The stock of Integrated Device Technology, Inc. (NASDAQ:IDTI) has “Neutral” rating given on Thursday, February 16 by Bank of America. Roth Capital maintained Integrated Device Technology, Inc. (NASDAQ:IDTI) rating on Sunday, July 30. Roth Capital has “Buy” rating and $3000 target.

Since December 14, 2017, it had 0 insider purchases, and 16 insider sales for $7.24 million activity. WATERS GREGORY L sold $150,000 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) on Wednesday, May 9. Allexandre Chris sold $87,290 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) on Thursday, March 15. Chittipeddi Sailesh also sold $123,392 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) on Tuesday, April 17. Shares for $705,210 were sold by MONTANA MARIO. On Thursday, December 14 Shepard David sold $682,222 worth of Integrated Device Technology, Inc. (NASDAQ:IDTI) or 22,778 shares.

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.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.28, from 1.11 in 2017Q3. It dropped, 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. Snow Cap Mngmt Ltd Partnership holds 1.55 million shares or 2.05% of its portfolio. Franklin Resources Incorporated stated it has 2.88M shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 7,623 shares. 13,200 are owned by First Manhattan Co. 65,443 were accumulated by Mason Street Advsrs Limited Co. Creative Planning holds 0% or 11,527 shares. Goldman Sachs Group accumulated 708,999 shares. Ranger Invest Mngmt Ltd Partnership has 16,875 shares. Parametric Port Associate Ltd Liability Company reported 499,630 shares. First Trust LP holds 162,906 shares. Benjamin F Edwards And holds 0% in Integrated Device Technology, Inc. (NASDAQ:IDTI) or 350 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems owns 0.01% invested in Integrated Device Technology, Inc. (NASDAQ:IDTI) for 19,402 shares. Brinker owns 12,854 shares. Prelude Ltd Liability invested 0.04% of its portfolio in Integrated Device Technology, Inc. (NASDAQ:IDTI). Massachusetts-based Copper Rock Capital Prtnrs Limited Liability Co has invested 1.97% in Integrated Device Technology, Inc. (NASDAQ:IDTI).

salesforce.com, inc. (NYSE:CRM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Nellie Frank

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:








Recent Posts