1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
10qk
10qk
Articles 

Maxim Integrated Products Inc. Reports Operating Results (10-Q)

January 30, 2012 | About:

Maxim Integrated Products Inc. (NASDAQ:MXIM) filed Quarterly Report for the period ended 2011-12-31.

Maxim Integrated Products Inc. has a market cap of $7.99 billion; its shares were traded at around $27.39 with a P/E ratio of 16.6 and P/S ratio of 3.23. The dividend yield of Maxim Integrated Products Inc. stocks is 3.21%.

Highlight of Business Operations:

Net revenues were $591.4 million and $612.9 million for the three months ended December 31, 2011 and December 25, 2010, respectively, a decrease of 3.5%. Net revenues for the six months ended December 31, 2011 and December 25, 2010, were $1,227.4 million and $1,239.1 million, respectively, a decrease of 0.9%. We classify our net revenue by four major end market categories: Communications, Computing, Consumer and Industrial. Net shipments decreased during the three and six months ended

Research and development expenses were $142.1 million and $130.0 million for the three months ended December 31, 2011 and December 25, 2010, respectively, which represented 24.0% and 21.2% of net revenues, respectively. The $12.1 million increase in research and development expenses was primarily attributable to an increase in salaries and related expenses of $10.0 million resulting from increased headcount and an extra week in the second quarter of fiscal 2012.

Research and development expenses were $282.3 million and $257.8 million for the six months ended December 31, 2011 and December 25, 2010, respectively, which represented 23.0% and 20.8% of net revenues, respectively. The $24.5 million increase in research and development expenses was primarily attributable to an increase in salaries and related expenses of $16.9 million resulting from increased headcount and an extra week in the second quarter of fiscal 2012.

Selling, general and administrative expenses were $80.8 million and $72.2 million for the three months ended December 31, 2011 and December 25, 2010, respectively, which represented 13.7% and 11.8% of net revenues, respectively. The $8.6 million increase was primarily attributable to an increase in salaries and related benefits of $4.7 million resulting from increased headcount and an extra week in the second quarter of fiscal 2012.

Selling, general and administrative expenses were $163.3 million and $144.3 million for the six months ended December 31, 2011 and December 25, 2010, respectively, which represented 13.3% and 11.6% of net revenues, respectively. The $18.9 million increase was primarily attributable to an increase in salaries and related benefits of $9.3 million resulting from increased headcount and an extra week in the second quarter of fiscal 2012. In addition, legal expense increased by $3.7 million relating to acquisition costs.

Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.0/5 (2 votes)

Comments

Please leave your comment:


Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK