Analog Devices' Ceased Shipments to Huawei Won't Be Catastrophic in the Near Term; Maintain $98 FVE
Analog Devices reported solid fiscal second-quarter results toward the high end of prior guidance, while unsurprisingly providing investors with a soft outlook for the third quarter as it has ceased shipping semiconductors into Huawei due to the U.S. government's restrictions on trade with the Chinese networking and smartphone maker. We will maintain our $98 fair value estimate for wide moat Analog Devices and view shares as fairly valued.For the April quarter, revenue was $1.53 billion, down ...
Analog Devices is an analog technology company. The company designs, manufactures, and markets a portfolio of solutions, including integrated circuits, algorithms, software, and subsystems. The company's analog products include data converter that translate real-world analog signals into digital data and also translate digital data into analog signals, amplifiers that condition analog signals, and power management and reference products that include functions such as power conversion, driver monitoring, sequencing and energy management. The company's digital signal processing products are designed to execute software programs, or algorithms, associated with processing digitized real-time, real-world data.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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