Maxim Integrated Products (MXIM): Cutting Estimates In Anicipation Of Weak Guidance - RBC

October 13, 2016 6:15 AM EDT
Get Alerts MXIM Hot Sheet
Price: $42.03 +1.55%

Rating Summary:
    16 Buy, 13 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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RBC Capital analyst, Amit Daryanani, reiterated his Sector Perform rating on shares of Maxim Integrated Products (NASDAQ: MXIM) and cut estimates for the December quarter to reflect Note 7 headwinds heading into the Sep-qtr EPS call.

The analyst sees limited downside given the high dividend yield and potential take-out, but the stock is unlikely to work higher unless revenues increase, a scenario that seems unlikely given Samsung's challenges.

No change to the price target of $40.

For an analyst ratings summary and ratings history on Maxim Integrated Products click here. For more ratings news on Maxim Integrated Products click here.

Shares of Maxim Integrated Products closed at $37.87 yesterday.

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