Stock To Watch: Integrated Device Technology, Inc. (NASDAQ:IDTI)


The leading market experts have placed a mean price target of $25.33 on Integrated Device Technology, Inc. (NASDAQ:IDTI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.35 a share for the upcoming quarter and $1.41 for the current fiscal.

Technical View

The technical analysis of Integrated Device Technology, I plainly substantiates that the 50-day moving average of Integrated Device Technology, I is $20.52, and stock is trading $-0.09 points away or -0.43% from its 50-day moving average of $20.52. Further it is trading $-0.07 or -0.34% away its 200-day moving average of $20.50. Integrated Device Technology, Inc. (NASDAQ:IDTI) 52-week high is $29.04 and the 52-week low is $16.22.

This explains if the stock moves $-8.61, it will post a 52-week high. In event of +25.96% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Integrated Device Technology, I, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Integrated Device Technology, Inc. (NASDAQ:IDTI) ratio came in at 16.57.

The stock last ended the trading session at $20.43 and registered a market cap of $2.74B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Integrated Device Technology, Inc. (NASDAQ:IDTI) PEG ratio is at 0.87.

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