Market Overview

UPDATE: Stifel Nicolaus Raises PT to $35 on Maxim Integrated Products on Above-Seasonal Guidance


Stifel Nicolaus reiterated its Buy rating on Maxim Integrated Products (NASDAQ: MXIM) and raised the price target from $33.00 to $35.00.

Stifel Nicolaus noted, "March quarter guidance (-4.2% to +0.8% q/q) reflects continuous strength in mobility, offset by weak overall business seasonality. Maxim expects its top mobility customer to replenish its inventory after making its characteristic year-end inventory adjustments. While Mar-Q momentum in mobility will be driven by existing products, we believe Maxim will ramp with its top customer's release of new products later in 2013 (some end products are rumored by the media to be slated for launch in May)."

Maxim Integrated Products closed at $30.99 on Thursday.

Latest Ratings for MXIM

Jan 2021Deutsche BankMaintainsBuy
Oct 2020StifelMaintainsHold
Jul 2020StifelMaintainsHold

View More Analyst Ratings for MXIM
View the Latest Analyst Ratings


Related Articles (MXIM)

View Comments and Join the Discussion!

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

Latest Ratings

FANGRaymond JamesUpgrades91.0
APARaymond JamesUpgrades24.0
DWells FargoUpgrades83.0
ARRaymond JamesUpgrades9.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at