In a post-earnings research note partially titled "Buy the Confession," Jefferies analyst Mark Lipacis recommends using the pullback today in shares of Maxim Integrated Products as a buying opportunity. The company's September quarter met expectations while its December quarter outlook did not, Lipacis writes. He points out that Semis often underperform for six months before, and outperform shortly after, the first guidance cut. Maxim underperformed the S&P 500 Index by 2,000 basis points since March, and expects December quarter earnings to miss consensus by 15%, "so we think MXIM fits this pattern," says the analyst. Further, he thinks a 25% increase to its capital return plan "should also help the stock." Lipacis lowered his price target for Maxim Integrated to $60 from $68 and keeps a Buy rating on the name.