Last $21.48 USD
Change Today -0.02 / -0.09%
Volume 305.4K
MONT On Other Exchanges
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Exchange
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Berlin
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As of 5:20 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

montage technology group ltd (MONT) Snapshot

Open
$21.50
Previous Close
$21.50
Day High
$21.53
Day Low
$21.42
52 Week High
01/17/14 - $26.70
52 Week Low
09/25/13 - $10.00
Market Cap
590.7M
Average Volume 10 Days
211.8K
EPS TTM
$1.20
Shares Outstanding
27.5M
EX-Date
--
P/E TM
17.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for MONTAGE TECHNOLOGY GROUP LTD (MONT)

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montage technology group ltd (MONT) Details

Montage Technology Group Limited, through its subsidiaries, designs, develops, and markets various analog and mixed-signal semiconductor solutions for the home entertainment and cloud computing markets. The company provides a range of set-top box solutions, including HDTV and SDTV semiconductor solutions, such as tuners, demodulators, and decoders, as well as integrated solutions with customized software and support for satellite, cable, and terrestrial broadcasts. It also offers memory interface solutions comprising register buffers for DDR3 RDIMMs and memory buffers for DDR3 LRDIMMs. The company sells its set-top box solutions directly and through distributors to the manufacturers of set-top boxes or televisions in the People’s Republic of China and internationally, as well as to cable network operators in the People’s Republic of China; and its memory interface solutions to memory module manufacturers directly internationally. Montage Technology Group Limited was founded in 2004 and is based in Shanghai, the People’s Republic of China.

montage technology group ltd (MONT) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $177.5K
Co-Founder, President and Director
Total Annual Compensation: $178.4K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $250.0K
Vice President of Worldwide Sales
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2013.

montage technology group ltd (MONT) Key Developments

Montage Technology Group Receives Additional Notice Of Non-Compliance From NASDAQ

Montage Technology Group Limited announced that on August 19, 2014, the Company received a letter from the NASDAQ Stock Market LLC (NASDAQ) indicating that NASDAQ has determined that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) due to its failure to file its Form 10-Q for the period ended June 30, 2014 with the Securities and Exchange Commission. The Company disclosed in its Form 12b-25 Notification of Late Filing, filed on August 14, 2014, that its Form 10-Q for the period ended June 30, 2014 cannot be finalized until the completion of the audit committee’s review of allegations contained in reports issued by Gravity Research and the completion of the review of the Company’s financial statements for the period ended June 30, 2014. As previously disclosed, pursuant to NASDAQ Listing Rule 5101, NASDAQ elected to exercise its discretionary authority to expedite the review process and requested that the Company submit a plan to regain compliance with NASDAQ’s requirements for continued listing no later than June 2, 2014. The Company’s plan, submitted on June 2, 2014 with a supplemental plan submitted on June 18, 2014, was accepted by NASDAQ on June 30 2014 and the Company was granted an exception until September 29, 2014 to regain compliance. As a result of the delinquency of the Company’s Form 10-Q for the period ended June 30, 2014, the Company must submit an update to its plan to regain compliance with NASDAQ’s requirements for continued listing with respect to this filing requirement no later than September 3, 2014. The Company plans to provide NASDAQ with an update to its plan to regain compliance by September 3, 2014 to show that it will be able to return to compliance with the NASDAQ Listing Rules by filing its Forms 10-K and 10-Q.

Montage Technology Group Limited announced delayed 10-Q filing

On 08/14/2014, Montage Technology Group Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Montage Technology Group Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Montage Technology Group Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $40,422,000 compared to $25,308,000 a year ago. Income from operations was $7,036,000 compared to $6,014,000 a year ago. Income before income tax expenses was $7,827,000 compared to $6,084,000 in the same period last year. Net income was $7,085,000, or $0.24 per diluted share compared to $5,483,000 or $0.20 per diluted share a year ago. Non-GAAP net income was $9,041,000 or $0.30 per diluted share against $6,764,000 or $0.26 per diluted share a year ago. As adjusted Non-GAAP net income was $13,367,000 or $0.45 per diluted share against $6,764,000 or $0.26 per diluted share a year ago. The effective tax rate for the second quarter 2014 was 9%, compared to an effective tax rate of 7% for the first quarter of 2014 and 10% for the second quarter of 2013. The company generated $10.0 million in cash flow from operations, after excluding funding of the escrow account for termination fee with signing of Merger Agreement, compared to $6.2 million in cash flow from operations in the prior quarter. For the six months, the company reported revenues of $76,029,000 compared to $45,392,000 in the same period last year. Income from operations was $15,023,000 compared to $9,529,000 in the same period last year. Income before income tax expenses was $16,223,000 compared to $9,744,000 in the same period last year. Net income was $14,912,000 compared to $8,772,000 in the same period last year. Diluted net income per share was $0.50 compared to $0.31 in the same period last year. Non-GAAP net income was $18,417,000 compared to $10,699,000 in the same period last year. Non-GAAP diluted earnings per share were $0.62 compared to $0.39 in the same period last year. As adjusted Non-GAAP net income was $25,993,000 or $0.88 per diluted share against $10,699,000 or $0.39 per diluted share a year ago. For the third quarter of 2014, the company expects revenue to be in the range of $41 million to $45 million and gross margin to be in the range of 56% to 59%.

 

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MONT

Industry Average

Valuation MONT Industry Range
Price/Earnings 24.2x
Price/Sales 4.1x
Price/Book 3.9x
Price/Cash Flow 19.0x
TEV/Sales 3.4x
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