Maxim Integrated Products (MXIM) : Traders are bullish on Maxim Integrated Products (MXIM) as it has outperformed the S&P 500 by a wide margin of 11.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.41%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.34% in the last 1 week, and is up 14.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.97% and the 50-Day Moving Average is 9.37%. Maxim Integrated Products, Inc. is up 15.12% in the last 3-month period. Year-to-Date the stock performance stands at 9.22%.
Maxim Integrated Products (NASDAQ:MXIM): stock turned positive on Friday. Though the stock opened at $40.78, the bulls momentum made the stock top out at $40.95 level for the day. The stock recorded a low of $40.4 and closed the trading day at $40.78, in the green by 0.27%. The total traded volume for the day was 1,576,336. The stock had closed at $40.67 in the previous days trading.
Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Companys products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers. The Company serves markets, including communications and data center, computing and consumer markets. Its communications and data center caters to base stations, data storage, servers, telecommunications and other communications. Its computing caters to desktop computers, notebook computers and peripherals. Its consumer products cater to smartphones, digital cameras, handheld computers, home entertainment and appliances.