Maxim Integrated Products (MXIM) is Reiterated by Drexel Hamilton to Buy, Raises Price Target to $ 42

Maxim Integrated Products (MXIM) was Reiterated by Drexel Hamilton to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 42 from a previous price target of $40 . Drexel Hamilton advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on Maxim Integrated Products. Maxim Integrated Products was Downgraded by Raymond James to ” Outperform” on Apr 19, 2016. Company shares were Downgraded by RBC Capital Mkts on Apr 8, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $35 .Drexel Hamilton Initiated Maxim Integrated Products on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $40.

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 $36.25 and hit $36.64 on the upside on Wednesday, eventually ending the session at $36.52, with a gain of 0.52% or 0.19 points. The heightened volatility saw the trading volume jump to 32,70,633 shares. Company has a market cap of $10,459 M.

In a different news, on Mar 15, 2016, Joseph R Bronson (director) sold 6,200 shares at $34.22 per share price. According to the SEC, on Mar 14, 2016, Vivek Jain (SENIOR VP) sold 36,059 shares at $34.03 per share price. On Mar 7, 2016, B Kipling Hagopian (director) sold 5,000 shares at $34.60 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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