UBS Maintains a 'Buy' on Maxim Integrated Products (MXIM); Cites Bottoming Fundamental

UBS maintains a 'Buy' on Maxim Integrated Products (NASDAQ: MXIM) price target raised from $28 to $30.

UBS analyst says, "December results nearly in-line, outlook soft; Fundamentals bottoming...MXIM increasing penetration and dollar content in smartphones...For F3Q, we now forecast Rev/EPS of $570m/28c, vs. prior $597m/35c. For FY12 our revised estimates are $2,387m/$1.43 vs. prior of $2,447m/$1.53. For FY13 our revised estimates are $2,528m/$1.67 vs. prior of $2,650m/$1.84."

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 $27.37 yesterday.

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