Analyst Ratings for Integrated Device Technology Inc. (IDTI)

Updated: 2017-07-27

Integrated Device Technology Inc. (NASDAQ:IDTI) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for IDTI last month.

14 analysts issued ratings on the stock, where 11 gave IDTI a buy rating, 0 gave an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

IDTI was given price targets by several analysts. The highest price target was 33, implying a possible profit of 23.27 percent. The most pessimistic analyst gave a price target of 22, which equates to a potential downside of -17.82 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -0.66 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

IDTI has an estimated earnings growth rate of 51.41 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of IDTI is 0.66.

In the last 52-weeks, IDTI has achieved a high of 27.09 and a low of 18.49. Today's price is 44.78 percent above the 52-week low, and below the high by 1.18 percent. IDTI has a P/E ratio of 33.72. Investors typically compare the P/E ratio to a company's peers in the industry. The IDTI value stock report compares IDTI to some of its peers using value stock charts. The stock has a market capitalization of $3.56 billion. IDTI will post this quarters earnings in days, on 0000-00-00.