Maxim Reports Solid 3Q Results but a Light 4Q Forecast Due to Samsung Product Timing; Maintain FVE
Maxim Integrated reported decent fiscal third-quarter results but provided investors with a forecast for the June quarter that was below consensus (and our) expectations. The forecast is also slightly lighter than the high-single-digit sales growth that rival Texas Instruments foresees for the same period, which we attribute to a reduction in demand from Samsung, as well as a tough comparison due to a change in accounting that boosted sales in the June quarter a year ago.ÂWe will maintain our $...
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.
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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