Barclays Maintains an 'Equalweight' on Maxim Integrated Products (MXIM); Outgrowing Analog
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Price: $103.14 --0%
Rating Summary:
9 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on Maxim Integrated Products (NASDAQ: MXIM) price target of $30.00.
Analyst, Blayne Curtis, said, "Maxim again made the case at its Analyst day why it will continue to outgrow the analog segment led by its integration strategy - particularly in Mobile (MXIM +21% 3Q08-2Q12 vs. -3% peer average over the same period)."
Curtis feels that MXIM continues to be strong in its mobility strategy, however, he stays sidelined citing a probable inventory correction at Samsung.
Barclays lowers FY13 EPS estimate from $1.75 to $1.70, maintains FY13 at $1.99.
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, Blayne Curtis, said, "Maxim again made the case at its Analyst day why it will continue to outgrow the analog segment led by its integration strategy - particularly in Mobile (MXIM +21% 3Q08-2Q12 vs. -3% peer average over the same period)."
Curtis feels that MXIM continues to be strong in its mobility strategy, however, he stays sidelined citing a probable inventory correction at Samsung.
Barclays lowers FY13 EPS estimate from $1.75 to $1.70, maintains FY13 at $1.99.
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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