Dialog Semiconductor (DLGNF) Received its Third Buy in a Row

After Credit Suisse and Kepler Capital gave Dialog Semiconductor (Other OTC: DLGNF) a Buy rating last month, the company received another Buy, this time from DZ BANK AG. Analyst Harald Schnitzer maintained a Buy rating on Dialog Semiconductor today. The company’s shares closed last Wednesday at $43.80.

Schnitzer has an average return of 5.5% when recommending Dialog Semiconductor.

According to TipRanks.com, Schnitzer is ranked #4051 out of 7028 analysts.

Currently, the analyst consensus on Dialog Semiconductor is a Moderate Buy with an average price target of $55.39, implying a 26.3% upside from current levels. In a report issued on November 3, Credit Suisse also maintained a Buy rating on the stock with a EUR51.50 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.

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