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.

Many analysts weighed in on price targets for IDTI. The most optimistic price target was 33, which equates to a potential upside of 23.27 percent. The most pessimistic analyst gave a price target of 22, implying a possible loss of -17.82 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.66 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of IDTI to grow at a rate of 51.41 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. IDTI has a PEG ratio of 0.66.

IDTI has a 52-week high of 27.09 and a 52-week low of 18.49. Currently the stock is 44.78 percent higher than its low, and 1.18 percent lower than its 52-week high. 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 market cap of IDTI is $3.56 billion. IDTI's next earnings release will be on 0000-00-00, which is days away.