Intrinsic value of Maxim Integrated Products - MXIM

Previous Close

$60.15

  Intrinsic Value

$10.54

stock screener

  Rating & Target

str. sell

-82%

Previous close

$60.15

 
Intrinsic value

$10.54

 
Up/down potential

-82%

 
Rating

str. sell

We calculate the intrinsic value of MXIM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 17.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.60
  4.64
  4.68
  4.71
  4.74
  4.76
  4.79
  4.81
  4.83
  4.85
  4.86
  4.87
  4.89
  4.90
  4.91
  4.92
  4.93
  4.93
  4.94
  4.95
  4.95
  4.96
  4.96
  4.96
  4.97
  4.97
  4.97
  4.98
  4.98
  4.98
Revenue, $m
  2,402
  2,513
  2,631
  2,754
  2,885
  3,022
  3,167
  3,319
  3,480
  3,648
  3,825
  4,012
  4,208
  4,414
  4,631
  4,859
  5,098
  5,349
  5,614
  5,891
  6,183
  6,489
  6,811
  7,149
  7,505
  7,878
  8,270
  8,681
  9,113
  9,567
Variable operating expenses, $m
  2,056
  2,148
  2,246
  2,349
  2,457
  2,572
  2,692
  2,819
  2,952
  3,092
  3,181
  3,337
  3,500
  3,671
  3,851
  4,041
  4,240
  4,449
  4,669
  4,899
  5,142
  5,397
  5,665
  5,946
  6,241
  6,552
  6,877
  7,220
  7,579
  7,957
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,056
  2,148
  2,246
  2,349
  2,457
  2,572
  2,692
  2,819
  2,952
  3,092
  3,181
  3,337
  3,500
  3,671
  3,851
  4,041
  4,240
  4,449
  4,669
  4,899
  5,142
  5,397
  5,665
  5,946
  6,241
  6,552
  6,877
  7,220
  7,579
  7,957
Operating income, $m
  346
  365
  385
  406
  427
  451
  475
  501
  528
  556
  644
  675
  708
  743
  780
  818
  858
  901
  945
  992
  1,041
  1,092
  1,147
  1,204
  1,263
  1,326
  1,392
  1,461
  1,534
  1,611
EBITDA, $m
  536
  561
  587
  615
  644
  674
  707
  741
  776
  814
  854
  895
  939
  985
  1,033
  1,084
  1,138
  1,194
  1,253
  1,315
  1,380
  1,448
  1,520
  1,595
  1,675
  1,758
  1,845
  1,937
  2,034
  2,135
Interest expense (income), $m
  29
  80
  59
  64
  70
  75
  81
  87
  94
  100
  108
  115
  123
  131
  140
  149
  159
  169
  180
  191
  203
  215
  228
  242
  256
  271
  287
  303
  321
  339
  358
Earnings before tax, $m
  266
  305
  320
  336
  352
  370
  388
  407
  427
  448
  529
  552
  577
  603
  630
  659
  689
  721
  754
  789
  826
  865
  905
  948
  992
  1,039
  1,089
  1,141
  1,195
  1,252
Tax expense, $m
  72
  82
  86
  91
  95
  100
  105
  110
  115
  121
  143
  149
  156
  163
  170
  178
  186
  195
  204
  213
  223
  233
  244
  256
  268
  281
  294
  308
  323
  338
Net income, $m
  194
  223
  234
  245
  257
  270
  283
  297
  312
  327
  386
  403
  421
  440
  460
  481
  503
  526
  551
  576
  603
  631
  661
  692
  724
  759
  795
  833
  872
  914

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,201
  2,303
  2,411
  2,525
  2,644
  2,770
  2,903
  3,042
  3,189
  3,344
  3,506
  3,677
  3,857
  4,046
  4,245
  4,453
  4,673
  4,903
  5,145
  5,400
  5,667
  5,948
  6,243
  6,553
  6,879
  7,221
  7,580
  7,957
  8,353
  8,769
Adjusted assets (=assets-cash), $m
  2,201
  2,303
  2,411
  2,525
  2,644
  2,770
  2,903
  3,042
  3,189
  3,344
  3,506
  3,677
  3,857
  4,046
  4,245
  4,453
  4,673
  4,903
  5,145
  5,400
  5,667
  5,948
  6,243
  6,553
  6,879
  7,221
  7,580
  7,957
  8,353
  8,769
Revenue / Adjusted assets
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
  1.091
Average production assets, $m
  1,316
  1,377
  1,442
  1,509
  1,581
  1,656
  1,736
  1,819
  1,907
  1,999
  2,096
  2,199
  2,306
  2,419
  2,538
  2,662
  2,794
  2,931
  3,076
  3,228
  3,388
  3,556
  3,733
  3,918
  4,113
  4,317
  4,532
  4,757
  4,994
  5,243
Working capital, $m
  178
  186
  195
  204
  213
  224
  234
  246
  257
  270
  283
  297
  311
  327
  343
  360
  377
  396
  415
  436
  458
  480
  504
  529
  555
  583
  612
  642
  674
  708
Total debt, $m
  1,102
  1,194
  1,290
  1,393
  1,500
  1,614
  1,733
  1,859
  1,991
  2,130
  2,276
  2,430
  2,592
  2,762
  2,941
  3,128
  3,326
  3,533
  3,751
  3,980
  4,221
  4,474
  4,739
  5,018
  5,311
  5,619
  5,942
  6,282
  6,638
  7,013
Total liabilities, $m
  1,981
  2,073
  2,170
  2,272
  2,380
  2,493
  2,613
  2,738
  2,870
  3,009
  3,156
  3,310
  3,471
  3,641
  3,820
  4,008
  4,205
  4,413
  4,631
  4,860
  5,101
  5,353
  5,619
  5,898
  6,191
  6,499
  6,822
  7,161
  7,518
  7,892
Total equity, $m
  220
  230
  241
  252
  264
  277
  290
  304
  319
  334
  351
  368
  386
  405
  424
  445
  467
  490
  515
  540
  567
  595
  624
  655
  688
  722
  758
  796
  835
  877
Total liabilities and equity, $m
  2,201
  2,303
  2,411
  2,524
  2,644
  2,770
  2,903
  3,042
  3,189
  3,343
  3,507
  3,678
  3,857
  4,046
  4,244
  4,453
  4,672
  4,903
  5,146
  5,400
  5,668
  5,948
  6,243
  6,553
  6,879
  7,221
  7,580
  7,957
  8,353
  8,769
Debt-to-equity ratio
  5.000
  5.180
  5.350
  5.520
  5.670
  5.820
  5.970
  6.110
  6.240
  6.370
  6.490
  6.610
  6.720
  6.830
  6.930
  7.020
  7.120
  7.210
  7.290
  7.370
  7.450
  7.520
  7.590
  7.660
  7.720
  7.780
  7.840
  7.890
  7.950
  8.000
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  194
  223
  234
  245
  257
  270
  283
  297
  312
  327
  386
  403
  421
  440
  460
  481
  503
  526
  551
  576
  603
  631
  661
  692
  724
  759
  795
  833
  872
  914
Depreciation, amort., depletion, $m
  190
  196
  202
  209
  216
  224
  232
  240
  249
  258
  210
  220
  231
  242
  254
  266
  279
  293
  308
  323
  339
  356
  373
  392
  411
  432
  453
  476
  499
  524
Funds from operations, $m
  384
  419
  436
  454
  473
  494
  515
  537
  561
  585
  596
  623
  652
  682
  714
  747
  783
  819
  858
  899
  942
  987
  1,034
  1,084
  1,136
  1,190
  1,248
  1,308
  1,372
  1,438
Change in working capital, $m
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  34
Cash from operations, $m
  376
  411
  427
  445
  464
  483
  504
  526
  549
  573
  583
  609
  637
  667
  698
  731
  765
  801
  839
  878
  920
  964
  1,010
  1,059
  1,109
  1,163
  1,219
  1,278
  1,340
  1,405
Maintenance CAPEX, $m
  -126
  -132
  -138
  -144
  -151
  -158
  -166
  -174
  -182
  -191
  -200
  -210
  -220
  -231
  -242
  -254
  -266
  -279
  -293
  -308
  -323
  -339
  -356
  -373
  -392
  -411
  -432
  -453
  -476
  -499
New CAPEX, $m
  -57
  -61
  -64
  -68
  -72
  -75
  -79
  -83
  -88
  -92
  -97
  -102
  -107
  -113
  -119
  -125
  -131
  -138
  -145
  -152
  -160
  -168
  -176
  -185
  -195
  -204
  -215
  -226
  -237
  -249
Cash from investing activities, $m
  -183
  -193
  -202
  -212
  -223
  -233
  -245
  -257
  -270
  -283
  -297
  -312
  -327
  -344
  -361
  -379
  -397
  -417
  -438
  -460
  -483
  -507
  -532
  -558
  -587
  -615
  -647
  -679
  -713
  -748
Free cash flow, $m
  193
  218
  225
  233
  241
  250
  259
  269
  279
  290
  286
  298
  310
  323
  337
  352
  367
  384
  401
  419
  437
  457
  478
  500
  523
  547
  573
  599
  627
  657
Issuance/(repayment) of debt, $m
  -386
  92
  97
  102
  108
  113
  119
  126
  132
  139
  146
  154
  162
  170
  179
  188
  197
  207
  218
  229
  241
  253
  266
  279
  293
  308
  323
  340
  357
  374
Issuance/(repurchase) of shares, $m
  289
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -97
  92
  97
  102
  108
  113
  119
  126
  132
  139
  146
  154
  162
  170
  179
  188
  197
  207
  218
  229
  241
  253
  266
  279
  293
  308
  323
  340
  357
  374
Total cash flow (excl. dividends), $m
  96
  310
  322
  335
  349
  363
  379
  395
  411
  429
  432
  451
  472
  493
  516
  540
  565
  591
  619
  648
  678
  710
  744
  779
  816
  855
  896
  939
  984
  1,031
Retained Cash Flow (-), $m
  -483
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -34
  -36
  -38
  -40
  -42
Prev. year cash balance distribution, $m
  2,466
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  71
  74
  78
  82
  85
  89
  94
  98
  103
  108
  113
  119
  124
  130
  137
  144
  151
  158
  166
  174
  183
  192
  201
  211
  222
  233
  244
  256
  269
  283
Cash available for distribution, $m
  2,079
  300
  311
  324
  337
  351
  365
  381
  397
  414
  416
  434
  454
  475
  496
  519
  543
  568
  594
  622
  651
  682
  714
  748
  783
  821
  860
  901
  944
  989
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  1,993
  274
  271
  267
  261
  255
  247
  238
  228
  217
  197
  185
  173
  159
  146
  132
  118
  105
  92
  79
  67
  57
  47
  38
  30
  24
  18
  14
  10
  7
Current shareholders' claim on cash, %
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets. It offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.

FINANCIAL RATIOS  of  Maxim Integrated Products (MXIM)

Valuation Ratios
P/E Ratio 29.8
Price to Sales 7.4
Price to Book 7.7
Price to Tangible Book
Price to Cash Flow 22
Price to Free Cash Flow 23.5
Growth Rates
Sales Growth Rate 4.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -26.1%
Cap. Spend. - 3 Yr. Gr. Rate -17.4%
Financial Strength
Quick Ratio NaN
Current Ratio 0.2
LT Debt to Equity 67.5%
Total Debt to Equity 67.5%
Interest Coverage 24
Management Effectiveness
Return On Assets 13.5%
Ret/ On Assets - 3 Yr. Avg. 8.3%
Return On Total Capital 16.3%
Ret/ On T. Cap. - 3 Yr. Avg. 9.7%
Return On Equity 26.5%
Return On Equity - 3 Yr. Avg. 15.2%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 63%
Gross Margin - 3 Yr. Avg. 58.3%
EBITDA Margin 38%
EBITDA Margin - 3 Yr. Avg. 29.5%
Operating Margin 30.3%
Oper. Margin - 3 Yr. Avg. 18.3%
Pre-Tax Margin 29.6%
Pre-Tax Margin - 3 Yr. Avg. 17.8%
Net Profit Margin 24.9%
Net Profit Margin - 3 Yr. Avg. 14.7%
Effective Tax Rate 15.9%
Eff/ Tax Rate - 3 Yr. Avg. 17.5%
Payout Ratio 65.4%

MXIM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MXIM stock intrinsic value calculation we used $2296 million for the last fiscal year's total revenue generated by Maxim Integrated Products. The default revenue input number comes from 2017 income statement of Maxim Integrated Products. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MXIM stock valuation model: a) initial revenue growth rate of 4.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MXIM is calculated based on our internal credit rating of Maxim Integrated Products, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Maxim Integrated Products.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MXIM stock the variable cost ratio is equal to 85.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MXIM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Maxim Integrated Products.

Corporate tax rate of 27% is the nominal tax rate for Maxim Integrated Products. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MXIM stock is equal to 3.1%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MXIM are equal to 54.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Maxim Integrated Products operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MXIM is equal to 7.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2203 million for Maxim Integrated Products - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 283 million for Maxim Integrated Products is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Maxim Integrated Products at the current share price and the inputted number of shares is $17.0 billion.

RELATED COMPANIES Price Int.Val. Rating
TXN Texas Instrume 109.40 144.87  buy
ADI Analog Devices 94.26 148.20  str.buy
CRUS Cirrus Logic 42.14 324.20  str.buy
SLAB Silicon Labora 95.15 61.38  sell
MSCC Microsemi 68.74 13.16  str.sell
SMTC Semtech 48.70 18.59  str.sell
ON ON Semiconduct 20.34 202.61  str.buy

COMPANY NEWS

▶ 7 GARP Stocks to Scoop Up for Maximum Returns   [Aug-16-18 10:14AM  Zacks]
▶ 6 GARP Stocks to Scoop Up for Maximum Returns   [Jul-31-18 01:09PM  InvestorPlace]
▶ Maxim: Fiscal 4Q Earnings Snapshot   [Jul-26-18 05:18PM  Associated Press]
▶ [$$] T. Rowe Buys Lattice Semi, Maxim Integrated   [Jul-10-18 04:10PM  Barrons.com]
▶ Maxim Integrateds Automotive Business Makes It a Buy   [May-06-18 06:05PM  Motley Fool]
▶ Maxim: Fiscal 3Q Earnings Snapshot   [Apr-26-18 05:01PM  Associated Press]
▶ /C O R R E C T I O N -- Maxim Integrated Products, Inc./   [Apr-03-18 03:56PM  PR Newswire]
▶ 9 Takeover Targets Broadcom May Pursue After Qualcomm   [Mar-16-18 02:00PM  Investopedia]
▶ Facebook, Google, Apple dip in another rollercoaster day on Wall Street   [Feb-07-18 06:10PM  American City Business Journals]
▶ Company News For Jan 31, 2018   [09:37AM  Zacks]
▶ Maxim Integrated Shares Drop As Renesas Denies Merger Interest   [Jan-30-18 04:12PM  Investor's Business Daily]
▶ Maxim Integrated stock gives up gains after Renesas denies buyout talks   [10:10AM  American City Business Journals]
▶ No Renesas Chip Deal? Such a Pity   [09:03PM  Bloomberg]
▶ Silicon Valley stocks: VMWare plunges, Maxim soars on M&A reports   [05:11PM  American City Business Journals]
▶ 1 Self-Driving-Car Stock You Need to Look At   [Jan-28-18 04:45PM  Motley Fool]
▶ Silicon Valley stocks jump as Intel, VMware rocket near record highs   [05:02PM  American City Business Journals]
▶ Maxim Integrated in line with earnings   [Jan-25-18 04:26PM  CNBC Videos]
▶ Maxim reports 2Q loss   [04:17PM  Associated Press]
▶ 3 Chipmaker Stocks Nearing Breakouts   [06:00AM  Investopedia]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.