Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $27.44 on Integrated Device Technology, Inc. (NASDAQ:IDTI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.51 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Integrated Device Technology, Inc. (NASDAQ:IDTI) stands at 15.26. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Integrated Device Technology, I, the PEG ratio for coming 3-5 years is 0.88. Technical Analysis The technical analysis highlights that Integrated Device Technology, I current price is trading $-1.17 points away -5.52% from $21.25, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $20.86 and, for now, the stock price is trading $-0.78 or -3.76% away from that point. The 52-week high of Integrated Device Technology, Inc. (NASDAQ:IDTI) was $29.04 while lowest point recorded in 52-week was $14.50. It implies if stock price makes a movement of over $-8.96, it will record a new 52-week high. In the case of $+38.48% points drop, it will touch a new 52-week low.
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