Maxim Integrated Products (MXIM) is Initiated by Credit Agricole to Underperform, Price Target at $38

Maxim Integrated Products (MXIM) was Initiated by Credit Agricole to “Underperform” and the brokerage firm has set the Price Target at $38. Credit Agricole advised their investors in a research report released on May 17, 2016.

Many Wall Street Analysts have commented on Maxim Integrated Products. Company shares were Reiterated by Drexel Hamilton on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .Company shares were Reiterated by Stifel on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .Maxim Integrated Products was Downgraded by Raymond James to ” Outperform” on Apr 19, 2016.

On the company’s financial health, Maxim Integrated Products reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.42. The company had revenue of $555.00 million for the quarter, compared to analysts expectations of $555.35 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Maxim Integrated Products opened for trading at $35.94 and hit $36.585 on the upside on Monday, eventually ending the session at $36.36, with a gain of 1.06% or 0.38 points. The heightened volatility saw the trading volume jump to 16,83,220 shares. Company has a market cap of $10,338 M.

In a different news, on May 4, 2016, Edwin Medlin (Senior VP, General Counsel) sold 10,000 shares at $35.85 per share price. According to the SEC, on May 4, 2016, Christopher J Neil (SENIOR VP) sold 20,000 shares at $35.83 per share price. On May 4, 2016, Tunc Doluca (PRESIDENT, CEO & DIRECTOR) sold 12,500 shares at $35.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Maxim Integrated Products Inc. is engaged in designing developing manufacturing and marketing a range of linear and mixed-signal integrated circuits referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company’s products include switching regulators charge pumps linear regulators light-emitting diode drivers power switching transceivers level translators broadband switches current loop products real-time clocks data loggers and microcontrollers. The Company serves markets including communications and data center computing and consumer markets. Its communications and data center caters to base stations data storage servers telecommunications and other communications. Its computing caters to desktop computers notebook computers and peripherals. Its consumer products cater to smartphones digital cameras handheld computers home entertainment and appliances.

Maxim Integrated Products

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