Report
Brian Colello
EUR 100.00 For Business Accounts Only

Maxim's Automotive Chip Growth Remains On Track Despite Near-Term Softness; Maintain $55 FVE

Maxim Integrated reported solid fiscal first-quarter results but provided investors with a soft outlook for the December quarter comparable with those provided by rivals in recent weeks and one that continues the theme of a slowdown in broad-based analog chip demand. Although we were pleasantly surprised that automotive chip sales should be up strongly on both a quarter-over-quarter and year-over-year basis in the December quarter, despite sluggish global vehicle sales in China and Europe in rec...
Underlying
Maxim Integrated Products Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Brian Colello

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