Nomura Securities Reiterates a 'Buy' on Maxim Integrated Products (MXIM): Lets Recap
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Price: $30.80 -0.39%
Rating Summary:
15 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
15 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade MXIM Now!
Nomura Securities reiterates a 'Buy' on Maxim Integrated Products (NASDAQ: MXIM) price target of $30.00.
Analyst, Romit Shah, said, "Maxim’s balanced growth strategy enabled the company to grow faster than its analog peers in the past three years while maintaining strong margins. Riding on the coat tail of Samsung Galaxy S3, smartphones accounted for 33% of total sales last quarter. Gross margins improved from 58% in 2008 to 62% in 2012E, despite the consumer segment growing as a percentage of total sales. In Q2, the consumer accounted for 43% of total sales, up from 27% in 2008. Furthermore, Maxim has shown faster earnings growth than its peers. Maxim's EPS has grown at a 44% CAGR since 2010, which is twice the rate of its analog peers. The company set a goal to return 15-20% of revenue to shareholders through dividends and share repurchases, which was achieved in three of the past four years."
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 $28.10 yesterday, with a 52 week range of $22.43-$30.00.
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Analyst, Romit Shah, said, "Maxim’s balanced growth strategy enabled the company to grow faster than its analog peers in the past three years while maintaining strong margins. Riding on the coat tail of Samsung Galaxy S3, smartphones accounted for 33% of total sales last quarter. Gross margins improved from 58% in 2008 to 62% in 2012E, despite the consumer segment growing as a percentage of total sales. In Q2, the consumer accounted for 43% of total sales, up from 27% in 2008. Furthermore, Maxim has shown faster earnings growth than its peers. Maxim's EPS has grown at a 44% CAGR since 2010, which is twice the rate of its analog peers. The company set a goal to return 15-20% of revenue to shareholders through dividends and share repurchases, which was achieved in three of the past four years."
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 $28.10 yesterday, with a 52 week range of $22.43-$30.00.
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