Maxim Integrated Products (MXIM) : Traders are bullish on Maxim Integrated Products (MXIM) as it has outperformed the S&P 500 by a wide margin of 6.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.2% in the last 1 week, and is up 6.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Maxim Integrated Products, Inc. is up 13.37% in the last 3-month period. Year-to-Date the stock performance stands at 10.67%. The stock has recorded a 20-day Moving Average of 1.83% and the 50-Day Moving Average is 7.85%.
Maxim Integrated Products (NASDAQ:MXIM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.19 and $40.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.99, notching a gain of 0.71% for the day. The total traded volume was 1,809,549 . The stock had closed at $40.70 on the previous day.
Also, Major Brokerage house, UBS maintains its ratings on Maxim Integrated Products (NASDAQ:MXIM). In the latest research report, UBS raises the target price from $36.5 per share to $40 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 25, 2016.
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 Companys 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.