Integrated Device Technology Stock Hits New 52-Week Low (IDTI)

NEW YORK ( TheStreet) -- Integrated Device Technology (Nasdaq: IDTI) hit a new 52-week low Thursday as it is currently trading at $5.11, below its previous 52-week low of $5.13 with 1.3 million shares traded as of 2:50 p.m. ET. Average volume has been two million shares over the past 30 days.

Integrated Device Technology has a market cap of $823.3 million and is part of the technology sector and electronics industry. Shares are down 20.7% year to date as of the close of trading on Wednesday.

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 12.2, below the average electronics industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Integrated Device Technology as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Integrated Device Technology Ratings Report.

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