Dialog Semiconduct (DLGNF) Lifted to Buy at Zacks Investment Research

Dialog Semiconduct (OTCMKTS:DLGNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $35.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 12.36% from the company’s previous close.

According to Zacks, “Dialog Semiconductor PLC provides integrated standard and custom mixed-signal integrated circuits, for smartphone, tablet, IoT, LED Solid State Lighting and Smart Home applications. Its technology portfolio includes audio, Bluetooth Smart(R), Rapid Charge(TM) AC/DC power conversion and multi-touch. The company operates primarily in the United Kingdom, China and internationally. Dialog Semiconductor PLC is headquartered in Reading, the United Kingdom. “

Other equities analysts have also recently issued research reports about the company. DZ Bank reissued a “buy” rating on shares of Dialog Semiconduct in a research report on Thursday, October 19th. Credit Suisse Group cut Dialog Semiconduct from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. ValuEngine raised Dialog Semiconduct from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Royal Bank of Canada reissued a “sector perform” rating on shares of Dialog Semiconduct in a research report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. cut Dialog Semiconduct from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.00.

Shares of Dialog Semiconduct (DLGNF) traded up $0.20 during trading hours on Monday, hitting $31.15. The company’s stock had a trading volume of 115 shares, compared to its average volume of 4,639. Dialog Semiconduct has a 12 month low of $26.06 and a 12 month high of $53.00.

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About Dialog Semiconduct

Dialog Semiconductor Plc develops and distributes standard and custom highly integrated, mixed signal integrated circuits (ICs) for personal, portable, hand-held devices, Internet of Things (IoT), Smart Home, LED solid-state lighting (SSL) and automotive applications worldwide. It operates through four segments: Mobile Systems, Automotive & Industrial, Connectivity, and Power Conversion.

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