Nomura Securities Maintains a 'Buy' on Maxim Integrated Products (MXIM) After Meeting with Executive Management

June 11, 2012 8:57 AM EDT
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Price: $41.22 +1.20%

Rating Summary:
    16 Buy, 13 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Nomura Securities maintains a 'Buy' on Maxim Integrated Products (NASDAQ: MXIM) price target of $32.00.

Analyst, Romit Shah, said, "Key highlights include: smartphones are an end market that is immune to what is happening globally, average selling process in mobile should continue to trend higher, Maxim remains solidly positioned at Samsung, our CQ3 EPS estimate of $0.39 might be too aggressive, but a 12x multiple and dividend yield of 3.4% should provide a strong margin of safety. Our C12E/C13E EPS of $1.69/$2.15 remains above consensus at $1.62/$1.98, respectively."

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 $25.92 yesterday.

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