Trade-Ideas LLC identified

Integrated Device Technology

(

IDTI

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Integrated Device Technology as such a stock due to the following factors:

  • IDTI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.6 million.
  • IDTI has traded 216,045 shares today.
  • IDTI is trading at 3.16 times the normal volume for the stock at this time of day.
  • IDTI is trading at a new high 3.05% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on IDTI:

Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, and industrial end-markets worldwide. It operates in two segments, Communications; and Computing, Consumer, and Industrial. IDTI has a PE ratio of 1. Currently there are 8 analysts that rate Integrated Device Technology a buy, 1 analyst rates it a sell, and none rate it a hold.

The average volume for Integrated Device Technology has been 2.6 million shares per day over the past 30 days. Integrated Device Technology has a market cap of $2.7 billion and is part of the technology sector and electronics industry. The stock has a beta of 2.04 and a short float of 4.1% with 2.55 days to cover. Shares are down 29% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Integrated Device Technology as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 5.8%. Since the same quarter one year prior, revenues rose by 19.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.40, is low and is below the industry average, implying that there has been successful management of debt levels. Along with this, the company maintains a quick ratio of 4.00, which clearly demonstrates the ability to cover short-term cash needs.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, INTEGRATED DEVICE TECH INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • INTEGRATED DEVICE TECH INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, INTEGRATED DEVICE TECH INC increased its bottom line by earning $1.34 versus $0.74 in the prior year. This year, the market expects an improvement in earnings ($1.52 versus $1.34).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 107.8% when compared to the same quarter one year prior, rising from $39.27 million to $81.61 million.

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