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4-Traders Homepage  >  Equities  >  Nasdaq  >  Maxim Integrated Products Inc.    MXIM

Delayed Quote. Delayed  - 07/25 10:00:00 pm
38.82 USD   +1.23%
07/22 MAXIM INTEGRATE : Reports Results for the Third Quarter of Fiscal 20..
07/21 MAXIM INTEGRATE : tops 4Q profit forecasts
07/21 MAXIM INTEGRATE : Reports Results For The Fourth Quarter Of Fiscal 2..
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Maxim Integrated Products : Reports Results for the Third Quarter of Fiscal 2016

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07/22/2016 | 07:33pm CEST
July 21, 2016
- Revenue: $566 million
- Gross Margin: 61.3% GAAP (64.1% excluding special items)
- EPS: $0.32 GAAP profit ($0.49 profit excluding special items)
- Cash, cash equivalents, and short term investments: $2.23 billion
- Fiscal first quarter revenue outlook: $540 million to $580 million
- Quarterly dividend increased 10% to $0.33 per share

SAN JOSE, Calif., July 21, 2016 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $566 million for its fourth quarter of fiscal 2016 ended June 25, 2016, a 2% increase from the $555 million revenue recorded in the prior quarter, and a 3% decrease from the same quarter of last year.

Tunc Doluca, President and Chief Executive Officer, commented, "In our June quarter, we surpassed the $100 million dollar quarterly revenue mark in Automotive, and the business grew 30% over the same quarter last year. Through solid execution on our manufacturing transformation, we achieved 64% gross margin and met a key milestone by exceeding 30% operating margin in the quarter." Mr. Doluca continued, "We are confident in our ability to continue improving profitability, drive free cash flow growth, and maintain leadership in the return of cash to shareholders. As a result, we announced a 10% increase in our dividend."

Fiscal Year 2016 Fourth Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the June quarter was a $0.32 profit. The results were affected by pre-tax special items which primarily consisted of $42 million in charges related to acquisitions, and $14 million in charges related to restructuring activities. GAAP earnings per share, excluding special items was $0.49. An analysis of GAAP versus GAAP excluding special items is provided in the last table of this press release.

Cash Flow Items
At the end of the fourth quarter of fiscal 2016, total cash, cash equivalents and short term investments were $2.23 billion, an increase of $370 million from the prior quarter. Notable items included:

Cash flow from operations: $254 million
Proceeds from term loan: $250 million
Capital expenditures: $22 million
Proceeds from asset sales: $35 million
Dividends: $85 million ($0.30 per share)
Stock repurchases: $90 million

Business Outlook
The Company's 90-day backlog at the beginning of the September 2016 quarter was $363 million. Based on the beginning backlog and expected turns, results for the September 2016 quarter are expected to be as follows:

Revenue: $540 million


Revenue: $540 million to $580 million
Gross Margin: 61% to 63% GAAP (63% to 65% excluding special items)
EPS: $0.40 to $0.46 GAAP ($0.44 to $0.50 excluding special items)

Maxim Integrated's business outlook does not include the potential impact of any special items related to restructuring activity, acquisitions, or other business combinations that may be completed during the quarter.

Dividend
A cash dividend of $0.33 per share will be paid on September 1, 2016, to stockholders of record on August 18, 2016. This represents a 10% increase in the dividend compared to the prior quarter.

Conference Call
Maxim Integrated has scheduled a conference call on July 21 at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter of fiscal 2016 and its business outlook. To listen via telephone, dial (866) 802-4305 (toll free) or (703) 639-1317. This call will be webcast by Shareholder.com and can be accessed at the Company's website at investor.maximintegrated.com.

A presentation summarizing financial information to be discussed on the conference call is posted at investor.maximintegrated.com.



CONSOLIDATED STATEMENTS OF INCOME


(Unaudited)


Three Months Ended

Year Ended


June 25,

March 26,

June 27,

June 25,

June 27,


2016

2016

2015

2016

2015


(in thousands, except per share data)


Net revenues

$ 566,126

$ 555,252

$ 582,517

$ 2,194,719

$ 2,306,864


Cost of goods sold (1) (2)

219,099

236,411

278,816

950,331

1,034,997


Gross margin

347,027

318,841

303,701

1,244,388

1,271,867


Operating expenses:


Research and development

113,491

119,178

121,552

467,161

521,772


Selling, general and administrative

71,483

71,778

72,532

288,899

308,065


Intangible asset amortization

2,538

2,538

3,618

12,205

16,077


Impairment of long-lived assets (3)

429

506

549

160,582

67,042


Impairment of goodwill and intangible assets

27,602

-

-

27,602

93,010


Severance and restructuring expenses

4,149

2,552

12,798

24,479

30,642


Other operating expenses (income), net (4)

4,962

(55,419)

(2,296)

(50,389)

(2,021)


Total operating expenses (income), net

224,654

141,133

208,753

930,539

1,034,587


Operating income (loss)

122,373

177,708

94,948

313,849

237,280


Interest and other income (expense), net (5)

(6,427)

(6,373)

28,500

(28,795)

8,890


Income (loss) before provision for income taxes

115,946

171,335

123,448

285,054

246,170


Income tax provision (benefit)

23,607

31,525

24,789

57,579

40,132


Net income (loss)

$ 92,339

$ 139,810

$ 98,659

$ 227,475

$ 206,038



Earnings (loss) per share:


Basic

$ 0.32

$ 0.49

$ 0.35

$ 0.80

$ 0.73


Diluted

$ 0.32

$ 0.48

$ 0.34

$ 0.79

$ 0.71



Shares used in the calculation of earnings (loss) per share:


Basic

284,354

285,854

284,202

285,081

283,675


Diluted

288,544

289,783

289,346

289,479

288,949



Dividends paid per share

$ 0.30

$ 0.30

$ 0.28

$ 1.20

$ 1.12




SCHEDULE OF SPECIAL ITEMS


(Unaudited)


Three Months Ended

Year Ended


June 25,

March 26,

June 27,

June 25,

June 27,


2016

2016

2015

2016

2015


(in thousands)


Cost of goods sold:


Intangible asset amortization

$ 11,829

$ 11,829

$ 18,116

$ 55,030

$ 74,366


Accelerated depreciation (1)

4,098

4,066

32,765

53,827

51,494


Other cost of goods sold (2)

-

6,123

-

6,123

-


Total

$ 15,927

$ 22,018

$ 50,881

$ 114,980

$ 125,860



Operating expenses:


Intangible asset amortization

$ 2,538

$ 2,538

$ 3,618

$ 12,205

$ 16,077


Impairment of long-lived assets (3)

429

506

549

160,582

67,042


Impairment of goodwill and intangible assets

27,602

-

-

27,602

93,010


Servance and restructuring

4,149

2,552

12,798

24,479

30,642


Other operating expenses (income), net (4)

4,962

(55,419)

(2,296)

(50,389)

(2,021)


Total

$ 39,680

$ (49,823)

$ 14,669

$ 174,479

$ 204,750



Interest and other expense (income), net (5)

$ (247)

$ (45)

$ (35,849)

$ 194

$ (36,066)


Total

$ (247)

$ (45)

$ (35,849)

$ 194

$ (36,066)



Income tax provision (benefit)


Reversal of tax reserves (6)

$ -

$ -

$ -

$ -

$ (21,747)


Fiscal year 2015 & 2014 research & development tax credits

-

-

-

(2,475)

(2,863)


Total

$ -

$ -

$ -

$ (2,475)

$ (24,610)




(1) Includes building and equipment accelerated depreciation related to San Jose and Dallas manufacturing facilities.


(2) Includes expense related to patent license settlement.


(3) Includes impairment charges relating to the San Antonio wafer manufacturing facility and other wafer manufacturing equipment, end of line test equipment, and software.


(4) Includes gain on sale of energy metering business during the third quarter of fiscal year 2016, loss (gain) relating to sale of assets, and expected loss on lease abandonment.


(5) Includes sale of a business and impairment of investment in privately-held companies.


(6) Reversal of tax reserves related to the favorable settlement of a foreign tax issue.





CONSOLIDATED BALANCE SHEETS

(Unaudited)


June 25,

March 26,

June 27,


2016

2016

2015


(in thousands)

ASSETS

Current assets:

Cash and cash equivalents

$ 2,105,229

$ 1,710,340

$ 1,550,965

Short-term investments

125,439

150,076

75,154

Total cash, cash equivalents and short-term investments

2,230,668

1,860,416

1,626,119

Accounts receivable, net

256,531

278,502

278,844

Inventories

227,929

234,603

288,474

Deferred tax assets

-

-

77,306

Other current assets

91,920

80,792

48,660

Total current assets

2,807,048

2,454,313

2,319,403

Property, plant and equipment, net

692,551

748,781

1,090,739

Intangible assets, net

146,540

188,510

261,652

Goodwill

490,648

490,648

511,647

Other assets

84,100

74,972

24,422

Assets held for sale

13,729

13,733

8,208

TOTAL ASSETS

$ 4,234,616

$ 3,970,957

$ 4,216,071


LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$ 82,535

$ 82,696

$ 88,322

Income taxes payable

21,153

30,907

34,779

Accrued salary and related expenses

166,698

151,411

181,360

Accrued expenses

50,521

42,562

47,365

Deferred income on shipments to distributors

38,779

34,457

30,327

Short term debt

249,717

-

1,024

Total current liabilities

609,403

342,033

383,177

Long-term debt

990,090

989,489

987,687

Income taxes payable

480,645

451,099

410,378

Deferred tax liabilities

756

643

90,588

Other liabilities

45,908

48,930

54,221

Total liabilities

2,126,802

1,832,194

1,926,051


Stockholders' equity:

Common stock

284

280

283

Additional paid-in capital

-

-

27,859

Retained earnings

2,121,749

2,154,767

2,279,112

Accumulated other comprehensive loss

(14,219)

(16,284)

(17,234)

Total stockholders' equity

2,107,814

2,138,763

2,290,020

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$ 4,234,616

$ 3,970,957

$ 4,216,071



CONSOLIDATED STATEMENTS OF CASH FLOWS


(Unaudited)


Three Months Ended

Year Ended


June 25,

March 26,

June 27,

June 25,

June 27,


2016

2016

2015

2016

2015


(in thousands)


Cash flows from operating activities:


Net income (loss)

$ 92,339

$ 139,810

$ 98,659

$ 227,475

$ 206,038


Adjustments to reconcile net income (loss) to net cash provided by operating activities:


Stock-based compensation

16,444

17,875

17,709

69,701

79,491


Depreciation and amortization

46,414

47,088

92,639

244,637

299,396


Deferred taxes

(13,510)

(333)

(32,207)

(48,138)

(72,507)


In-process research and development written-off

27,602

-

-

27,602

8,900


Loss (gain) from sale of property, plant and equipment

5,048

3,098

(1,228)

2,283

419


Tax benefit (shortfall) related to stock-based compensation

3,657

545

(861)

7,375

8,155


Excess tax benefit from stock-based compensation

(1,890)

(1,491)

(2,372)

(9,550)

(12,549)


Impairment of long-lived assets

-

506

517

160,153

67,010


Impairment of goodwill and intangible assets

-

-

-

-

84,110


Impairment of investments in privately-held companies

-

-

94

-

94


Loss (gain) on sale of business

-

(58,944)

(35,849)

(58,944)

(35,849)


Changes in assets and liabilities:


Accounts receivable

21,971

(47,322)

(417)

22,313

16,984


Inventories

7,657

22,785

10,105

44,086

2,163


Other current assets

8,012

(8,947)

15,338

2,943

(8,783)


Accounts payable

5,076

8,683

2,874

(3,676)

(4,201)


Income taxes payable

19,792

29,597

39,217

56,641

62,350


Deferred revenue on shipments to distributors

4,322

2,390

(223)

8,452

4,593


All other accrued liabilities

11,137

12,646

17,793

(31,468)

(12,110)


Net cash provided by (used in) operating activities

254,071

167,986

221,788

721,885

693,704



Cash flows from investing activities:


Payments for property, plant and equipment

(22,488)

(17,530)

(15,360)

(69,369)

(75,816)


Proceeds from sales of property, plant and equipment

34,691

136

2,741

85,142

29,035


Proceeds from sale of business

-

105,000

35,550

105,000

35,550


Purchases of available-for-sale securities

(25,000)

(24,861)

-

(99,948)

(25,142)


Purchases of privately-held companies securities

(1,554)

(1,921)

-

(10,483)

(200)


Proceeds from maturity of available-for-sale securities

50,000

-

-

50,000

-


Proceeds from sales of investments of privately-held companies

-

-

-

-

500


Other investing activities

-

-

-

2,380

-


Net cash provided by (used in) investing activities

35,649

60,824

22,931

62,722

(36,073)



Cash flows from financing activities:


Excess tax benefit from stock-based compensation

1,890

1,491

2,372

9,550

12,549


Repayment of notes payable

-

-

-

-

(437)


Issuance of debt

249,717

-

-

249,717

-


Net issuance of restricted stock units

(2,687)

(8,853)

(7,428)

(24,084)

(30,657)


Proceeds from stock options exercised

12,272

9,889

12,328

79,608

61,453


Issuance of common stock under employee stock purchase program

19,625

-

22,298

33,975

40,951


Repurchase of common stock

(90,438)

(83,801)

(35,963)

(237,086)

(195,088)


Dividends paid

(85,210)

(85,714)

(79,558)

(342,023)

(317,909)


Net cash provided by (used in) financing activities

105,169

(166,988)

(85,951)

(230,343)

(429,138)



Net increase (decrease) in cash and cash equivalents

394,889

61,822

158,768

554,264

228,493


Cash and cash equivalents:


Beginning of period

1,710,340

1,648,518

1,392,197

1,550,965

1,322,472


End of period

$ 2,105,229

$ 1,710,340

$ 1,550,965

$ 2,105,229

$ 1,550,965



Total cash, cash equivalents and short-term investments

$ 2,230,668

$ 1,860,416

$ 1,626,119

$ 2,230,668

$ 1,626,119





ANALYSIS OF GAAP VERSUS GAAP EXCLUDING SPECIAL ITEMS DISCLOSURES


(Unaudited)


Three Months Ended

Year Ended


June 25,

March 26,

June 27,

June 25,

June 27,


2016

2016

2015

2016

2015


(in thousands, except per share data)


Reconciliation of GAAP gross profit to GAAP gross profit excluding special items:


GAAP gross profit

$ 347,027

$ 318,841

$ 303,701

$ 1,244,388

$ 1,271,867


GAAP gross profit %

61.3%

57.4%

52.1%

56.7%

55.1%



Special items:


Intangible asset amortization

11,829

11,829

18,116

55,030

74,366


Accelerated depreciation (1)

4,098

4,066

32,765

53,827

51,494


Other cost of goods sold (2)

-

6,123

-

6,123

-


Total special items

15,927

22,018

50,881

114,980

125,860


GAAP gross profit excluding special items

$ 362,954

$ 340,859

$ 354,582

$ 1,359,368

$ 1,397,727


GAAP gross profit % excluding special items

64.1%

61.4%

60.9%

61.9%

60.6%



Reconciliation of GAAP operating expenses to GAAP operating expenses excluding special items:


GAAP operating expenses

$ 224,654

$ 141,133

$ 208,753

$ 930,539

$ 1,034,587



Special items:


Intangible asset amortization

2,538

2,538

3,618

12,205

16,077


Impairment of long-lived assets (3)

429

506

549

160,582

67,042


Impairment of goodwill and intangible assets

27,602

-

-

27,602

93,010


Severance and restructuring

4,149

2,552

12,798

24,479

30,642


Other operating expenses (income), net (4)

4,962

(55,419)

(2,296)

(50,389)

(2,021)


Total special items

39,680

(49,823)

14,669

174,479

204,750


GAAP operating expenses excluding special items

$ 184,974

$ 190,956

$ 194,084

$ 756,060

$ 829,837



Reconciliation of GAAP net income to GAAP net income excluding special items:


GAAP net income (loss)

$ 92,339

$ 139,810

$ 98,659

$ 227,475

$ 206,038



Special items:


Intangible asset amortization

14,367

14,367

21,734

67,235

90,443


Accelerated depreciation (1)

4,098

4,066

32,765

53,827

51,494


Other cost of goods sold (2)

-

6,123

-

6,123

-


Impairment of long-lived assets (3)

429

506

549

160,582

67,042


Impairment of goodwill and intangible assets

27,602

-

-

27,602

93,010


Severance and restructuring

4,149

2,552

12,798

24,479

30,642


Other operating expenses (income), net (4)

4,962

(55,419)

(2,296)

(50,389)

(2,021)


Interest and other expense (income), net (5)

(247)

(45)

(35,849)

194

(36,066)


Pre-tax total special items

55,360

(27,850)

29,701

289,653

294,544


Reversal of tax reserves (6)

-

-

-

-

(21,747)


Fiscal year 2015 & 2014 research & development tax credits

-

-

-

(2,475)

(2,863)


Other income tax effects and adjustments (7)

(7,228)

5,698

(4,267)

(43,392)

(35,333)


GAAP net income excluding special items

$ 140,471

$ 117,658

$ 124,093

$ 471,261

$ 440,639



GAAP net income per share excluding special items:


Basic

$ 0.49

$ 0.41

$ 0.44

$ 1.65

$ 1.55


Diluted

$ 0.49

$ 0.41

$ 0.43

$ 1.63

$ 1.52



Shares used in the calculation of earnings per share excluding special items:


Basic

284,354

285,854

284,202

285,081

283,675


Diluted

288,544

289,783

289,346

289,479

288,949



(1) Includes building and equipment accelerated depreciation related to San Jose and Dallas manufacturing facilities.


(2) Includes expense related to patent license settlement.


(3) Includes impairment charges relating to the San Antonio wafer manufacturing facility and other wafer manufacturing equipment, end of line test equipment, and software.


(4) Includes gain on sale of energy metering business during the third quarter of fiscal year 2016, loss (gain) relating to sale of assets, and expected loss on lease abandonment.


(5) Includes sale of a business and impairment of investment in privately-held companies.


(6) Reversal of tax reserves related to the favorable settlement of a foreign tax issue.


(7) Includes tax effect of pre-tax special items and miscellaneous tax adjustments.


Non-GAAP Measures
To supplement the consolidated financial results prepared under GAAP, Maxim Integrated uses non-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude special items related to intangible asset amortization; accelerated depreciation; other costs of goods sold; impairment of long-lived assets; impairment of goodwill and other intangible assets; severance and restructuring; and other operating expenses (income), net; fiscal year 2015 and 2014 research & development tax credits, and other income tax effects and adjustments. Management uses these non-GAAP measures internally to make strategic decisions, forecast future results and evaluate Maxim Integrated's current performance. Many analysts covering Maxim Integrated use the non-GAAP measures as well. Given management's use of these non-GAAP measures, Maxim Integrated believes these measures are important to investors in understanding Maxim Integrated's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in Maxim Integrated's core business across different time periods. These non-GAAP measures are not in accordance with or an alternative to GAAP financial data and may be different from non-GAAP measures used by other companies. Because non-GAAP financial measures are not standardized it may not be possible to compare these financial measures with other companies' non-GAAP financial measures, even if they have similar names. The non-GAAP measures displayed in the table above include the following:

GAAP Gross Profit Excluding Special Items
The use of GAAP gross profit excluding special items allows management to evaluate the gross margin of the Company's core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization, accelerated depreciation, and other costs of goods sold. In addition, it is an important component of management's internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP gross profit excluding special items to enable investors and analysts to evaluate our revenue generation performance relative to the direct costs of revenue of Maxim Integrated's core businesses.

GAAP Operating Expenses Excluding Special Items
The use of GAAP operating expenses excluding special items allows management to evaluate the operating expenses of the Company's core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization; impairment of long-lived assets; impairment of goodwill and other intangible assets; severance and restructuring, and other operating expenses (income), net. In addition, it is an important component of management's internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP operating expenses excluding special items to enable investors and analysts to evaluate our core business and its direct operating expenses.

GAAP Provision for Income Taxes Excluding Special Items
The use of a GAAP provision for income taxes excluding special items allows management to evaluate the provision for income taxes across different reporting periods on a consistent basis, independent of special items including the tax provision impact of pre-tax special items. In fiscal year 2016, we began using a long-term tax rate to compute the GAAP provision for income taxes excluding special items. This long-term tax rate considers the income tax impact of pre-tax special items; assumes the Federal research tax credit remains in effect throughout the entire year, and eliminates the effects of significant non-recurring and period specific tax items which vary in size and frequency. We are using a long-term tax rate of 18%, which is the weighted average of our normalized fiscal year GAAP tax rate excluding special items over a four year period that includes the past three fiscal years plus the current fiscal year. We will review the long-term tax rate on an annual basis and whenever events occur that may materially affect the long-term tax rate such as tax law changes; significant changes in our geographic earnings mix; or changes in our corporate structure.

GAAP Net Income and GAAP Net Income per Share Excluding Special Items
The use of GAAP net income and GAAP net income per share excluding special items allow management to evaluate the operating results of Maxim Integrated's core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization; accelerated depreciation; other costs of goods sold; impairment of long-lived assets; impairment of goodwill and other intangible assets; severance and restructuring; and other operating expenses (income), net; fiscal year 2015 and 2014 research & development tax credits; and other income tax effects and adjustments. In addition, they are important components of management's internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP net income and GAAP net income per share excluding special items to enable investors and analysts to understand the results of operations of Maxim Integrated's core businesses and to compare our results of operations on a more consistent basis against that of other companies in our industry.

"Safe Harbor" Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include the Company's business outlook and financial projections for its first quarter of fiscal 2017 ending in September 2016, which includes revenue, gross margin and earnings per share, as well as the Company's belief in its ability to continue improving profitability, drive free cash flow growth, and maintain leadership in the return of cash to shareholders. These statements involve risk and uncertainty. Actual results could differ materially from those forecasted, based upon, among other things, general market and economic conditions, market developments that could adversely affect the growth of the mixed-signal analog market, product mix shifts, the loss of all or a substantial portion of our sales to one of our large customers, customer cancellations and price competition, as well as other risks described in the Company's Annual Report on Form 10-K for the fiscal year ended June 27, 2015 (the "10-K") and Quarterly Reports on Form 10-Q filed after the 10-K. The Form 10-K may be found at https://www.sec.gov/Archives/edgar/data/743316/000074331615000029/maxim10-kfy2015.htm.

All forward-looking statements included in this news release are made as of the date hereof, based on the information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement except as required by law.

About Maxim Integrated
Maxim is bringing new levels of analog integration to automotive, cloud data center, mobile consumer, and industrial applications. We're making technology smaller, smarter, and more energy efficient, so that our customers can meet the demands of an integrated world. Learn more at http://www.maximintegrated.com.

Contact
Kathy Ta
Managing Director, Investor Relations
(408) 601-5697

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/maxim-integrated-reports-results-for-the-fourth-quarter-of-fiscal-2016-increases-dividend-by-10-300302374.html

Maxim Integrated Products Inc. published this content on 21 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 July 2016 17:33:08 UTC.

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Financials ($)
Sales 2017 2 264 M
EBIT 2017 717 M
Net income 2017 526 M
Finance 2017 774 M
Yield 2017 3,34%
P/E ratio 2017 21,08
P/E ratio 2018 18,52
EV / Sales 2017 4,47x
EV / Sales 2018 4,15x
Capitalization 10 903 M
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Consensus
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Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 40,0 $
Spread / Average Target 4,3%
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NameTitle
Tunç Doluca President, Chief Executive Officer & Director
William P. Sullivan Chairman
Bruce E. Kiddoo Chief Financial Officer & Senior Vice President
Anthony J. Stratakos Chief Technology Officer, VP-Advanced R&D
James R. Bergman Independent Director
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