Last $6.96 USD
Change Today +0.28 / 4.19%
Volume 352.5K
NTE On Other Exchanges
Symbol
Exchange
NTE is not on other exchanges.
As of 8:04 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

nam tai electronics inc (NTE) Snapshot

Open
$6.70
Previous Close
$6.68
Day High
$6.96
Day Low
$6.61
52 Week High
04/25/13 - $12.74
52 Week Low
01/27/14 - $5.30
Market Cap
315.1M
Average Volume 10 Days
366.7K
EPS TTM
$1.08
Shares Outstanding
45.3M
EX-Date
06/26/14
P/E TM
6.4x
Dividend
$0.08
Dividend Yield
4.89%
Current Stock Chart for NAM TAI ELECTRONICS INC (NTE)

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nam tai electronics inc (NTE) Details

Nam Tai Electronics, Inc. provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. The company manufactures electronic components and subassemblies, including color and monochrome liquid crystal display (LCD) modules for PDA phones, smart phones, mobile phones, telephone systems, and hand-held consumer electronic devices; radio frequency modules for integration into mobile phones and hand-held consumer electronic products; and DAB modules for digital radio products, including home tuners, kitchen radios, in-car receivers, CD players, clock radios, boom boxes, midi-systems, and hand-held portable devices. It also manufactures front and back light panels for handheld video game devices; high-frequency cordless telephones and home feature phones; and twisted nematic and super-twisted nematic LCD panels for automotive parts and appliances. In addition, the company manufactures mobile phone accessories, such as headsets, snap-on portable music speakers, phone cradles, snap-on FM radio adaptors, and snap-on GPS adaptors; entertainment devices, including USB Webcams, USB microphone and converter boxes, and buzzer devices; educational products consisting of digital pens, calculators, and electronic dictionaries; and optical devices, such as CMOS imaging sensor modules for notebook computers, portable media players, and recording cameras for the automotive industry. Further, it offers various services, including software, firmware, and hardware development; mechanical design; parts and components source and purchasing; product industrialization; and assembly into finished products or electronic subassemblies. The company sells its products in Hong Kong, North America, Europe, Japan, China, and Southeast Asia. Nam Tai Electronics, Inc. was founded in 1975 and is based in Shenzhen, the People’s Republic of China.

3,305 Employees
Last Reported Date: 03/14/14
Founded in 1975

nam tai electronics inc (NTE) Top Compensated Officers

Acting Chief Executive Officer
Total Annual Compensation: $194.3K
Founder, Executive Chairman, Chief Financial ...
Total Annual Compensation: $1.7M
Senior Operations President of Shenzhen Manuf...
Total Annual Compensation: $198.3K
Compensation as of Fiscal Year 2013.

nam tai electronics inc (NTE) Key Developments

Nam Tai Electronics, Inc. Announces Quarterly Cash Dividend, Payable on April 17, 2014; Announces Executive Changes

Nam Tai Electronics, Inc. announced the record date for the company's second quarter cash dividend of $0.02 per common share will be on March 31, 2014 and the dividend payment date will be on April 17, 2014. The company also announced that Mr. Wang Lu Ping has resigned as the Chief Executive Officer of the company effective on March 1, 2014 due to personal reasons together with the transformation of core business. The company confirms that Mr. Wang's departure was voluntary and amicable, and there was no dispute between Mr. Wang and the company. Upon the resignation of Mr. Wang as the CEO, Mr. Liu Pi Hao was appointed as the CEO (Acting) of the company effective on the same date. Mr. Liu has been with Nam Tai for over 14 years and prior to his appointment as the CEO (Acting), most recently served as the Vice Chief Executive Officer of the company's Shenzhen Manufacturing Facilities.

Nam Tai Electronics, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Sales Guidance For the First Half of 2014

Nam Tai Electronics, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's net sales were $234,947,000 compared to $312,196,000 a year ago. Operating income was $4,982,000 compared to $20,813,000 a year ago. Income before income tax was $11,396,000 compared to $24,207,000 a year ago. Income from continuing operations was $8,659,000 or $0.19 per diluted share compared to $19,743,000 or $0.43 per diluted share a year ago. Consolidated net income was $9,247,000 or $0.20 per diluted share compared to $36,606,000 or $0.80 per diluted share a year ago. Net cash provided by operating activities was $32,324,000 compared to $47,579,000 a year ago. Purchase of property, plant and equipment and land use rights was $245,000 compared to $5,407,000 a year ago. For the year, the company's net sales were $855,847,000 compared to $678,113,000 a year ago. Operating income was $35,465,000 compared to $45,300,000 a year ago. Income before income tax was $52,359,000 compared to $52,621,000 a year ago. Income from continuing business was $41,216,000 or $0.90 per diluted share compared to $37,433,000 or $0.83 per diluted share a year ago. Consolidated net income was $297,000 or $0.01 per diluted share compared to $66,921,000 or $1.48 per diluted share a year ago. Net cash provided by operating activities was $82,042,000 compared to $109,771,000 a year ago. Purchase of property, plant and equipment and land use rights was $3,653,000 compared to $58,444,000 a year ago. Return on equity as at December 31, 2012 was 19.5% compared to 0.2% a year ago. There are a few minor LCM orders for automobile applications requested by another customer, which would allow to extend a small amount of production up to the end of April 2014. The company currently has no more orders for any LCM production thereafter and estimates that the final orders will generate net sales of around $50 million in the first half of 2014.

Nam Tai Electronics, Inc. Announces Dismissal of Class Action Lawsuit

Nam Tai Electronics, Inc. announced that on January 6, 2014, the class action lawsuit filed against the company and two of its executives by several shareholders of Nam Tai on May 17, 2013 in the United States District Court for the Southern District of New York, was voluntarily dismissed by the plaintiffs, with prejudice. No payment or consideration of any kind was made by any of the defendants in connection with the dismissal.

 

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NTE

Industry Average

Valuation NTE Industry Range
Price/Earnings 7.4x
Price/Sales 0.4x
Price/Book 0.8x
Price/Cash Flow 1,018.3x
TEV/Sales 0.0x
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