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TheStreet Open House

Maxim Integrated Selected By Morgan Stanley For "Favorite Semiconductor Company" Award

Stock quotes in this article: MXIM

SAN JOSE, Calif. , Dec. 17, 2012 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ:MXIM) has received the Favorite Analyst Semiconductor Company Award from Morgan Stanley, a leading global financial services firm. Analysts evaluated companies' historical and projected data such as stock price, earnings per share, revenue forecasts, and product performance.

(Logo: http://photos.prnewswire.com/prnh/20120912/SF71654LOGO)

Morgan Stanley analyst Joseph Moore presented the award to Tunc Doluca, Maxim Integrated's President and CEO, at the Global Semiconductor Alliance Awards Dinner on December 13 in Santa Clara, CA.

For Maxim's fiscal 2012, which ended on June 30, 2012, the company maintained stable gross margins at greater than 60%; returned approximately 21% of revenue to shareholders; and increased its quarterly dividend by 9%.

With a greater focus on customer support and supply chain performance, Maxim stabilized lead times to about six weeks on average and improved delivery times to customers. During the year, the company's highly integrated products for the mobility, industrial, communications infrastructure, and automotive markets won awards from several industry organizations and publications. At the end of its fiscal 2012, highly integrated products comprised 37% of Maxim's revenues vs. 31% the previous year. In 2012, Maxim was named one of Electronic Design's top employers and ranked #94 on Newsweek's rankings of the 500 greenest companies.

Maxim is a leader in analog innovation and integration, unique among semiconductor companies in the range of disparate analog functions that it can combine onto a single chip. The company's highly integrated solutions help customers create systems that are smaller and more energy efficient.

About Maxim Integrated

At Maxim Integrated, we put analog together in a way that sets our customers apart. In Fiscal 2012, we reported revenues of $2.4 billion.

Media Contact: LuAnn Jenkins Walden (408) 601-5430 luann.walden@maximintegrated.com

 

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