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Fly News Breaks for September 22, 2017
IDTI
Sep 22, 2017 | 09:26 EDT
Craig-Hallum analyst Anthony Stoss said the firm's proprietary teardown revealed that Integrated Device's WC Transmit chips are not in the Belkin and Mophie wireless charging pads released with the iPhone 8/8+, which investors may view as a negative. However, he was not assuming any extra WC revenues from the Belkin/Mophie pads and still thinks Integrated Device, as the market leader in wireless charging, should benefit as competitors follow Apple's lead. He keeps a Buy rating and $30 price target on Integrated Device shares.
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