NEW YORK ( TheStreet) -- Integrated Device Technology (Nasdaq: IDTI) hit a new 52-week high Monday as it traded at $7.85 compared with its previous 52-Week high of $7.84. Integrated Device Technology is changing hands at $7.85 with 1.9 million shares traded as of 1:15 p.m. ET. Average volume has been 2.5 million shares over the past 30 days. Integrated Device Technology has a market cap of $1.2 billion and is part of the technology sector and electronics industry. Shares are up 14% year to date as of the close of trading on Friday.

Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of integrated circuits for communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer. The company has a P/E ratio of 27.8, below the average electronics industry P/E ratio of 28.8 and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Integrated Device Technology as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Integrated Device Technology Ratings Report.