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Is this Large Market Cap Stock target price reasonable for Integrated Device Technology, Inc. (NASDAQ:IDTI)?

The company in question is, Integrated Device Technology, Inc. (NASDAQ:IDTI) currently with a stock price of 19.76 (0.15% today). The market cap for Integrated Device Technology, Inc. is 2681.7, and is in the sector Technology, and Semiconductor РBroad Line industry. The target price for Integrated Device Technology, Inc. is 24.78. Currently Integrated Device Technology, Inc. is trading with a P/E of 15.89, and a forward P/E of 12.53. Average volume for Integrated Device Technology, Inc. is 2297.52 and so far today it is 1086241.

Performance in the last year for Integrated Device Technology, Inc. has been -12.27%. For EPS growth, Integrated Device Technology, Inc. has seen a growth of 77.80%, and is looking to grow in the next year to 11.54%. More long term stats show that EPS growth has been 17.10% over the last five years and could be 16.40% for the next five years. Integrated Device Technology, Inc. has seen sales growth quarter over quarter at 19.40%, with EPS growth quarter over quarter at -39.80%. The 20-day simple moving average is -4.61%, with the 200-day simple moving average coming to -6.13%.

Since the IPO date for Integrated Device Technology, Inc. on the 3/26/1990, Integrated Device Technology, Inc. has seen performance year to date to be -25.12%. With Integrated Device Technology, Inc. trading at 19.76, the dividend yield is *TBA, and the EPS is 1.24.

So could Integrated Device Technology, Inc., be undervalued? Well as said before P/E is 15.89. The PEG is 0.97, P/S is 3.68 and the P/B is at 3.73. The P/cash is 7.65, with P/free cash flow at 15.06.

Integrated Device Technology, Inc. ability to deal with debt shows that the current ratio is 5.3, and the quick ratio is 4.8. This is with long term debt/equity at 0.39, and total debt/equity at 0.39.

In terms of margins, Integrated Device Technology, Inc. has a gross margin of 59.10%, an operating margin of 16.40% and a profit margin of 24.40%.Payout ratio for Integrated Device Technology, Inc. is 0.00%. Return on assets come to 17.00% with return on investment coming to 20.90%.

Insider ownership for Integrated Device Technology, Inc., is at 1.10% and institutional ownership comes to 92.00%. Outstanding shares are at 135.92. While shares float is 130.54. The float short is currently 4.82%, and short ratio is 2.74.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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