Maxim (MXIM) Q2 Shames Peers, FBR Raises PT

Yesterday Maxim Integrated Products (NASDAQ: MXIM) reported in-line Q2 revenue and EPS, with Q2 guidance on target compared to Street expectations. Commenting on the news, analyst Craig Berger of FBR Capital said compared to its peers Maxim make it look easy.

"Maxim has attained analog integration leadership and remains the best-in-class competitor here, seemingly increasing its technology leadership position with motion sensors, ambient light sensors, integrated touch controllers, and others versus peers," stated Berger.

Overall Berger is constructive on Maxim's handset story given its leadership and continued out-performance.

FBR Capital reiterated an Outperform rating on Maxim Integrated Products and increased its price target to $35.00 (from $33.00).

For an analyst ratings summary and ratings history on Maxim Integrated Products (NASDAQ: MXIM) click here. For more ratings news on Maxim Integrated Products click here.

Shares of Maxim Integrated Products closed at $30.99 yesterday.

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