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 highest price target was 33, implying potential capital gains of 23.27 percent. The lowest price target was 22, implying potential capital losses of -17.82 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. 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. Wall Street investors typically prefer a PEG ratio to be smaller than 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 trailing 52-weeks, IDTI hit 27.09 at the highest peak, while it's lowest trading point was 18.49. The current market price is above the trailing year's low by 44.78 percent, 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 stock has a market capitalization of $3.56 billion. IDTI's next earnings release will be on 0000-00-00, which is days away.