Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits. The company also provides a range of high-frequency design processes and capabilities that can be used in custom design.
Industry:SEMI-ANALOG & MIXED Sector: Computer and Technology Fiscal Year End:June Last Reported Quarter:03/31/12 Next EPS Date:07/26/12
Capital Structure Solvency and Cash Flow
Balance Sheet
In 3Q11, total cash and cash equivalents were $918.8 million versus $798.3 million in 2Q11. Receivables were $304.6 million versus $293.3 million in 2Q11. Average inventories were $234.9 million versus $217.6 million in 2Q11. Long-term debt was $300.0 million, flat sequentially.
Cash Flow
Cash flow from operating activities was $256.7 million in 3Q11 versus $200.0 million in 2Q11. Capital expenditure was $29.6 million versus $59.0 million in 2Q11.
Dividend and Share Repurchases
During 3Q11, MXIM spent $46.7 million on share repurchases and paid a total dividend of $62.3 million.
On April 21, 2011, the company announced a cash dividend of $0.21 per share, which will be paid on June 7, 2011, to stockholders of record on May 24, 2011.
Last edited Thu May 12, 2011 12:28 AM by SudiptaMukherjee (Zacks Investment Research)
Governance Social Responsibility and Employee Relations
Last edited Wed Mar 09, 2011 12:41 AM by SreelaBose (Zacks Investment Research)
Recent and Upcoming Events
Major Risks
• Weakness in Industry: Any significant operational misstep, a decline in the semiconductor index, or declines in the broader economy can adversely affect MXIM.
• Inconsistency in Customer Orders: Customer order behavior including excessive double ordering, inventory stockpiling, or excessive cancellations could lead to sales underperformance and place pressure on pricing and margins.
• Pricing Pressures: Pricing in the analog market has generally been more stable than in the logic and memory markets, but a downturn could change the trend.
• Higher Inventory Levels: MXIM suffered from excess inventory from its customers and distributors over the past several quarters. The effects of excess inventory could have an adverse effect on revenue and margins.
• Specific End Market Leverage: Maxim has specific end market leverage to the communications end market
Last edited Thu May 12, 2011 12:29 AM by SudiptaMukherjee (Zacks Investment Research)
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