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Analysts at Credit Suisse cut their target price on shares of Entropic Communications (NASDAQ:ENTR) from $3.50 to $3.00 in a research report issued to clients and investors on Thursday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target indicates a potential upside of 20.00% from the stock’s previous close.

Entropic Communications (NASDAQ:ENTR) traded down 10.39% on Thursday, hitting $2.50. 2,545,041 shares of the company’s stock traded hands. Entropic Communications has a one year low of $2.46 and a one year high of $5.12. The stock has a 50-day moving average of $3.22 and a 200-day moving average of $3.74. The company’s market cap is $223.9 million.

Entropic Communications (NASDAQ:ENTR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $50.94 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 28.9% on a year-over-year basis. Analysts expect that Entropic Communications will post $-0.44 EPS for the current fiscal year.

Separately, analysts at Needham & Company LLC upgraded shares of Entropic Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a $4.50 price target on the stock.

Entropic Communications, Inc provides semiconductor solutions for the connected home. The Company’s Set-top Box (NASDAQ:ENTR), System-on-a-Chip (SoC), and home connectivity, or connectivity, solutions enable global pay-television (TV) operators to offer consumers whole-home entertainment experiences.

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