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Fly News Breaks for August 15, 2016
MXIM
Aug 15, 2016 | 07:18 EDT
After reviewing Maxim's 10K, RBC Capital analyst Amit Daryanani says that Samsung accounted for 14% of its revenue in fiscal 2016, down from 28% at the peak in fiscal 2013 and down from 15% in fiscal 2015 but up from 13% in the December quarter. The analyst says that the company's backlog was little changed year-over-year as of July 25. He keeps a $40 price target and Outperform rating on the stock.
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