Maxim Integrated (MXIM) Estimates Slashed, PT Trimmed at BofA/Merrill Lynch

BofA/Merrill Lynch analyst Vivek Arya lowered estimates and his price target on Neutral-rated Maxim Integrated Products (NASDAQ: MXIM) to $32.00 (from $34.00) following weak Q4 results as Samsung weakness takes its toll.

Arya remains cautious on Maxim’s mobile exposure/Samsung concentration risks, but maintain Neutral due to cyclical pickup in remaining segments and solid 3.8% dividend yield including today’s 8% boost.

The firm lowers FY15/16e materially by 48c/36c to $1.52/$1.81

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 $32.94 yesterday.

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