Oppenheimer Maintains a 'Perform' on Maxim Integrated Products (MXIM); Recapping Analyst Day
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Price: $103.14 --0%
Rating Summary:
9 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
9 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Oppenheimer maintains a 'Perform' on Maxim Integrated Products (NASDAQ: MXIM).
Analyst,Rick Shafer, said, "MXIM held a well-attended annual analyst day in New York City on Wednesday afternoon. While no update to F1Q (Sep) guidance was provided, management highlighted the quarter is playing out as expected and we believe the company remains on track to hit consensus revenue/EPS estimates of $620M/$0.44. Smartphone continues to be the primary growth driver in 1Q, although Industrial remains on track to grow slightly Q/Q. Channel inventories are lean while internal inventories are likely staying elevated around ~100 days to reassure customers with buffer stock. Management's long-term business model was in line with 2011, focus on lower tax rate, while maintaining growth, GM and OM targets."
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 $27.08 yesterday.
Analyst,Rick Shafer, said, "MXIM held a well-attended annual analyst day in New York City on Wednesday afternoon. While no update to F1Q (Sep) guidance was provided, management highlighted the quarter is playing out as expected and we believe the company remains on track to hit consensus revenue/EPS estimates of $620M/$0.44. Smartphone continues to be the primary growth driver in 1Q, although Industrial remains on track to grow slightly Q/Q. Channel inventories are lean while internal inventories are likely staying elevated around ~100 days to reassure customers with buffer stock. Management's long-term business model was in line with 2011, focus on lower tax rate, while maintaining growth, GM and OM targets."
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 $27.08 yesterday.
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