Maxim Integrated Products (MXIM) Reports In-Line Q1 EPS, Q2 Guidance Misses

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Maxim Integrated Products (MXIM) Reports In-Line 1Q Results; RBC Capital Cuts Price Target to $40

October 23, 2015 9:11 AM EDT

RBC Capital reiterated a Sector Perform rating on Maxim Integrated Products (NASDAQ: MXIM), and cut the price target to $40.00 (from $41.00), following the company's 1Q16 earnings results. MXIM reported results that met Street expectations with revenues/EPS of $562.5M/ $0.42 vs. Street at $564.2M/ $0.41.

Analyst Amit... More