Dialog Semiconductor (DLGNF) Upgraded by Bank of America to Buy

Bank of America upgraded shares of Dialog Semiconductor (OTCMKTS:DLGNF) from an underperform rating to a buy rating in a research note issued to investors on Monday morning, The Fly reports.

Several other brokerages have also recently weighed in on DLGNF. DZ Bank reiterated a sell rating on shares of Dialog Semiconductor in a research report on Thursday, October 11th. Zacks Investment Research upgraded Dialog Semiconductor from a hold rating to a strong-buy rating and set a $24.00 price target for the company in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $24.00.

OTCMKTS:DLGNF opened at $25.49 on Monday. Dialog Semiconductor has a 1 year low of $14.50 and a 1 year high of $49.75. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.73 and a beta of 3.34.

Dialog Semiconductor (OTCMKTS:DLGNF) last released its earnings results on Thursday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter. Dialog Semiconductor had a return on equity of 18.71% and a net margin of 11.37%. The business had revenue of $295.70 million during the quarter.

About Dialog Semiconductor

Dialog Semiconductor Plc develops and distributes highly integrated, mixed signal integrated circuits (ICs) for personal, portable, hand-held devices, low energy short-range wireless, LED solid-state lighting, and automotive applications worldwide. It operates through four segments: Mobile Systems, Automotive & Industrial, Connectivity, and Power Conversion.

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