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MXIM

Maxim Integrated

$45.45

0.86 (1.93%)

16:06
04/20/17
04/20
16:06
04/20/17
16:06

Maxim Integrated reports Q3 EPS ex-items 56c, consensus 53c

Reports Q3 revenue $581.22M, consensus $575.73M. CEO Tunc Doluca said, "Our strong growth in the March quarter enabled us to exceed our revenue and profitability targets. This momentum was led by Automotive and Industrial growth relative to the March quarter of last year. Our return to growth and strong profitability confirms that our R&D investment strategy and manufacturing transformation are on track and delivering great results."

  • 20

    Apr

MXIM Maxim Integrated
$45.45

0.86 (1.93%)

01/27/17
BOFA
01/27/17
UPGRADE
Target $51
BOFA
Buy
Maxim Integrated upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Vivek Arya upgraded Maxim to Buy and raised its price target to $51 from $43 saying Q2 results addressed prior concerns regarding high exposure to Samsung and sluggish revenues. The analyst said Samsung exposure will be below 10% going forward, while sales should accelerate to 4-5% year-over-year in 2017/18. He said the balance sheet is solid, free cash flow is strong, and the turnaround will be led by growth in autos, industrial, and networking.
01/27/17
DBAB
01/27/17
NO CHANGE
Target $50
DBAB
Buy
Maxim Integrated price target raised to $50 from $45 at Deutsche Bank
Deutsche Bank analyst Ross Seymore raised his price target for Maxim Integrated to $50 saying the company's "solid" Q2 results showed core strength in Auto. The analyst reiterates a Buy rating on the shares.
03/30/17
MACQ
03/30/17
INITIATION
Target $52
MACQ
Outperform
Maxim Integrated initiated with an Outperform at Macquarie
Macquarie analyst Srini Pajjuri initiated Maxim with an Outperform and a $52 price target.
04/13/17
LOOP
04/13/17
NO CHANGE
Target $51
LOOP
Buy
Loop Capital expects Maxim Integrated to beat Street Q3 estimates
Loop Capital analyst Betsy Van Hees expects Maxim Integrated (MXIM) to report Q3 results above Street estimates of 52c/$575M, and increased her earnings estimate to $54c on revenue of $585M. The analyst said an upbeat Silicon Valley Bus Tour and industry checks suggest healthy demand in the automotive, communications & data center, and industrial end markets will drive the strength. Van Hees expects tailwinds to continue in Q4 and reiterates her Buy rating and increased her price target to $51 from $50.

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