Last night, Dialog Semiconductor made it clear that third-quarter sales should be above expectations. The company had expected a value of $ 340 million to $ 380 million. In the end, it should be around $ 386 million. The company will publish exact figures for the third quarter on November 5th.
The sales increase at Dialog Semiconductor runs through the entire portfolio, the demand for headphones, digital watches, notebooks, tablets, etc. is spurring business. According to the company, this trend is expected to continue in the fourth quarter.
DZ Bank analysts rate the evening announcement as a positive surprise. It shows that Dialog Semiconductor is staying on course. The experts will review their estimates.
They are currently recommending a purchase of Dialog Semiconductor’s papers. The price target is EUR 53.00.
The shares of Dialog Semiconductor gain according to yesterday’s announcement 2.7 percent to 40.80 euros.