Needham & Company Reaffirms Buy Rating on Maxim Integrated Products (MXIM)

By admin | 6 years ago

Maxim Integrated Products (NASDAQ: MXIM)‘s stock had its “buy” rating reaffirmed by Needham & Company in a research note issued on Friday.

A number of other firms have also recently commented on MXIM. Analysts at Maxim Group upgraded shares of Maxim Integrated Products from an “above average” rating to an “average” rating in a research note to investors on Friday. Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Maxim Integrated Products to $33.00 in a research note to investors on Tuesday, April 3rd. Finally, analysts at Miller Tabak raised their price target on shares of Maxim Integrated Products from $30.00 to $34.00 in a research note to investors on Tuesday, March 27th. They now have a “buy” rating on the stock.

Maxim Integrated Products traded down 0.94% on Friday, hitting $29.58. Maxim Integrated Products has a 1-year low of $20.62 and a 1-year high of $29.95. The company has a market cap of $8.631 billion and a price-to-earnings ratio of 18.66.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.33 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.28 EPS by $0.05. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Analysts expect that Maxim Integrated Products will post $0.43 EPS next quarter.

Maxim Integrated Products, Inc. (Maxim) designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations.

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