Mizuho decreased their price target on shares of Entropic Comms (NASDAQ: ENTR) from $9.50 to $6.50 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital (NYSE: BCS) reiterated an “equalweight” rating on shares of Entropic Comms in a research note to investors on Thursday, February 2nd. Analysts at Roth Capital initiated coverage on shares of Entropic Comms in a research note to investors on Tuesday, January 31st. They set a “buy” rating on the stock.
Shares of Entropic Comms opened at 4.75 on Wednesday. Entropic Comms has a 52 week low of $3.36 and a 52 week high of $9.58. The company has a market cap of $414.3 million and a P/E ratio of 15.83.
The company last announced its quarterly results on Wednesday, February 1st. It reported $0.12 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.11 EPS by $0.01. The company’s quarterly revenue was down 20.6% on a year-over-year basis. On average, analysts predict that Entropic Comms will post $0.11 earnings per share next quarter.
Entropic Communications, Inc. (Entropic) is a semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment.
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