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

Nomura Securities maintains a 'Buy' on Maxim Integrated Products (NASDAQ: MXIM) price target of $28.00

Nomura analyst, Romit Shah, said, "We hosted meetings recently with Bruce Kiddoo (CFO), Matthew Murphy (SVP, communications; former head of worldwide sales), and Paresh Maniar (director of investor relations). Key takeaways: While channel inventory destocking should be finished by December, visibility into the March quarter is low. However, if the marketplace is seasonal in Q1, Maxim would expect to be as well. Wireless smartphones should continue to drive strong sales performance in the first half of 2012. The company is active in the market repurchasing shares and we believe the company will raise the dividend next year. Maxim has been a good name to own year-to-date (up 13% versus the SOX down 6%), but we expect the stock to continue to outperform."

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 $26.75 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• New Street Research Upgrades Micron Technology (MU) to Buy