Analog Devices Reports Solid 4Q Results but the Music Might Be Slowing Down; Raising FVE to $90
Analog Devices reported solid fiscal fourth-quarter earnings but provided investors with a muted first-quarter forecast (after adjusting for an extra week in the period) with some soft spots across certain business-to-business, or B2B, products. We raise our fair value estimate for wide-moat Analog Devices to $90 per share from $82, mostly due to the time value of money as we update our valuation model, and we view shares as fairly valued.Analog Devices' revenue in the October quarter was $1.54...
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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