" "Commerzbank Reiterates "€58.00" Price Target for Dialog Semiconductor (DLG)

Ebony Scott
December 5, 2017

A report late last week said that Apple is working on a brand new processor of its own - a power management chip that should improve battery life on future iPhone models.

The statement added that Dialog didn't expect to lose its Apple power chip business in 2018.

Dialog semiconductor logo is pictured at a company building in Germering near Munich, Germany August 15, 2016.

CEO Jalal Bagherli said the company's position is that there is no material change to its current ongoing relations with iPhone maker Apple. The company is believed to derive the majority of its income from Apple.

However, it was acknowledged by the company for just the first time that Apple holds the capability and resources internally to design PMIC and could possibly do so within the next couple of years.

Arctic cold snap to bring snow and 60mph winds next week
Rain chances this afternoon will remain low at 30%, but you may want to carry the umbrella for the chance of a couple of showers. An associated cold front will pass through the state Tuesday allowing Arctic air to infiltrate central IN mid-to-late week.

CME Group self-certifies listing of bitcoin futures contract
One bitcoin was worth just a fraction of a penny when it started trading in 2010, and by the start of this year was worth $1,000. Securities and Exchange Commission to launch a bitcoin ETF, Chief Executive Officer Ed Tilly said in an interview on Friday.

Facebook Announces 800 New Jobs For UK In 2018
These changes will make the London office Facebook's largest engineering hub outside of the U.S. Facebook opened its first office in London ten years ago.

"Apple is obviously not helping Dialog to win this argument with investors".

Investors have become wary of businesses that rely too much on Apple, which has eliminated several of the small suppliers during the past.

Dialog Semiconductor is finding out what happens when you put most of your eggs (or apples, perhaps) in one basket. Imagination was sold off following that in two different deals.

Dialog usually doesn't name business partners when talking to investors, referring to Apple as its "largest customer" or "main business".

In mid-morning European trade, shares in the Anglo-German firm were more than 18 percent lower. Morgan Stanley set a €55.00 ($65.48) price objective on Dialog Semiconductor and gave the stock a "buy" rating in a report on Thursday, November 16th. The brokerage said the reaction could prove overblown and that Apple may still decide to stick with Dialog rather than developing its own power chips. Dialog stock has lost more than 40% of its value since April when an analyst warned that Apple was working on its own battery-saving chip.

Other reports by GizPress

Discuss This Article

FOLLOW OUR NEWSPAPER