Maxim Integrated Products (MXIM) is Reiterated by RBC Capital Mkts to Outperform, Lowers Price Target to $ 40

Maxim Integrated Products (MXIM) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 40 from a previous price target of $42 . RBC Capital Mkts advised their investors in a research report released on Jul 1, 2016.

Many Wall Street Analysts have commented on Maxim Integrated Products. Maxim Integrated Products was Downgraded by BofA/Merrill to ” Neutral” on Jun 27, 2016. Goldman Initiated Maxim Integrated Products on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $35.Credit Agricole Initiated Maxim Integrated Products on May 17, 2016 to “Underperform”, Price Target of the shares are set at $38.

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 $34.75 and hit $35.06 on the upside on Wednesday, eventually ending the session at $35.04, with a gain of 1.77% or 0.61 points. The heightened volatility saw the trading volume jump to 15,93,459 shares. Company has a market cap of $9,962 M.

In a different news, on Jun 14, 2016, B Kipling Hagopian (director) sold 60,948 shares at $37.54 per share price. According to the SEC, on Jun 10, 2016, Bruce E Kiddoo (CFO AND SENIOR VP) sold 25,000 shares at $37.90 per share price. On Jun 9, 2016, Steven T Yamasaki (VP, HUMAN RESOURCES) sold 14,000 shares at $37.81 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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