Dialog Semiconductor (DLGNF) was Upgraded to a Buy Rating at Kepler Capital

In a report issued on October 14, Sebastien Sztabowicz from Kepler Capital upgraded Dialog Semiconductor (DLGNFResearch Report) to Buy, with a price target of EUR54.00. The company’s shares closed last Friday at $43.67.

According to TipRanks.com, Sztabowicz is a 1-star analyst with an average return of -2.2% and a 46.1% success rate. Sztabowicz covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ASM International, and Infineon.

Dialog Semiconductor has an analyst consensus of Moderate Buy, with a price target consensus of $55.78, a 27.7% upside from current levels. In a report issued on October 7, Hauck & Aufhaeuser also maintained a Buy rating on the stock with a EUR48.50 price target.

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Based on Dialog Semiconductor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $302 million and net profit of $32.45 million. In comparison, last year the company earned revenue of $482 million and had a net profit of $170 million.

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Dialog Semiconductor Plc engages in the design, development, and marketing of integrated circuit products. It operates through the following segments: Mobile Systems, Automotive and Industrial, Connectivity, and Advanced Mixed Signal. The Mobile Systems segment provides power management and audio chips; as well as advanced driver technologies for low power display applications. The Automotive and Industrial segment offers safety, management and control of electronic systems for industrial applications. The Connectivity segment includes short-range wireless, digital cordless, Bluetooth, and VoIP technology. The Advanced Mixed Signal segment offers configurable mixed signal integrated circuits (CMICs) ; AC/DC converter solutions for smaller, fast charging power adaptors for portable devices; as well as LED drivers for solid state lighting products. The company was founded in 1990 and is headquartered in Reading, the United Kingdom.