We’d Consider Taking Profits on the News of a Maxim-Renesas Merger; Maintain $50 FVE for Maxim
On Monday, CNBC reported that Japanese chipmaker Renesas Electronics is in talks to acquire Maxim Integrated in a deal approaching $20 billion, which would equate to roughly $70 per share for Maxim based on equity value. The deal would imply an 18% premium to Maxim’s last share price in the $59 range prior to the report. We think such a deal between the two firms is plausible and would make strategic sense, given Renesas’ focus on the automotive sector (about half of revenue) and Maxim’s booming...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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.