Maxim Integrated Products (MXIM) Reports In-Line 1Q Results; RBC Capital Cuts Price Target to $40
Get Alerts MXIM Hot Sheet
Rating Summary:
9 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
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 Daryanani commented, "MXIM reported Sept-qtr results of $563M/ $0.42, which was inline with Street expectations on the revenue/EPS lines (Street at $564M/ $0.41). MXIM guided revenues/EPS above/below Street expectations for the Dec-qtr at $490-520M/$0.29-$0.35 ($505M/$0.32 at the midpoints) vs. Street at $554M/$0.41."
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 $39.12 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Downgrades Malaysia Airports Holdings Bhd (MAHB:MK) (MYPRF) to Neutral
- Cintas (CTAS) PT Raised to $725 at RBC Capital
- 4D Molecular Therapeutics (FDMT) PT Lowered to $63 at BMO Capital, 'uncertainty remains a lingering overhang until the PhIII readout'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
RBC Capital, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!