Revenue Update on Maxim Integrated Products(NASDAQ:MXIM)

Maxim Integrated Products(NASDAQ:MXIM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $566.13M. Analysts estimated a revenue of $575.46M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.48.

In a different note, On Jun 27, 2016, Bank of America said it Downgrades its rating on Maxim Integrated Products. The shares have been rated ‘Neutral’ by the firm. Goldman Sachs said it Initiates Coverage on Maxim Integrated Products, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Neutral’ by the firm. CLSA said it Initiates Coverage on Maxim Integrated Products, according to a research note issued on May 17, 2016. The shares have been rated ‘Underperform’ by the firm.

Maxim Integrated Products (MXIM) made into the market gainers list on Wednesdays trading session with the shares advancing 1.14% or 0.43 points. Due to strong positive momentum, the stock ended at $38.24, which is also near the day’s high of $38.35. The stock began the session at $37.5 and the volume stood at 18,21,627 shares. The 52-week high of the shares is $42.18 and the 52 week low is $29.47. The company has a current market capitalization of $10,872 M and it has 28,43,10,220 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, Tunc Doluca (PRESIDENT, CEO & DIRECTOR) sold 2,508 shares at $36.50 per share price.Also, On Jun 14, 2016, B Kipling Hagopian (director) sold 60,948 shares at $37.54 per share price.On Jun 10, 2016, Bruce E Kiddoo (CFO AND SENIOR VP) sold 25,000 shares at $37.90 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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