Maxim Integrated Still Faring Well in Industrial and Automotive; Raising FVE to $55 from $50
Maxim Integrated reported solid fiscal fourth-quarter results and provided investors with a first-quarter outlook that was modestly ahead of our expectations which points to relatively healthy business conditions, in line with commentary from the firm's rivals. We will raise our fair value estimate for wide-moat Maxim to $55 from $50, mostly due to the time value of money as we update our valuation model, but we continue to view shares as slightly overvalued and still see the firm's broad-based ...Maxim Integrated Products designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The company's linear and mixed signal products serve the Automotive, Communications and Data Center, Computing, Consumer, and Industrial end-markets. The company primarily utilizes third party foundries as well as its own wafer fabrication facilities for the production of its wafers. The company markets its products worldwide through a direct-sales and applications organization and through its own and other unaffiliated distribution channels.
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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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