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 potential capital gains of 23.27 percent. The lowest price target was 22, implying a possible loss of -17.82 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. 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 made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

IDTI has an estimated earnings growth rate of 51.41 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of IDTI is 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 below the high. IDTI has a price/earnings 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.