Analog Devices Reports Strong 2Q Results Despite a Mixed Bag of Revenue by Segment; Maintain $96 FVE
Analog Devices reported strong second-quarter results and provided investors with a nice third-quarter forecast that was in line with our expectations and continues to point toward healthy broad-based chip demand among business-to-business customers. We will maintain our $96 fair value estimate for the wide-moat firm and continue to view shares as fairly valued.Revenue in the April quarter was $1.51 billion, flattish sequentially and up 32% year over year thanks to contributions from Linear Tec...
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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