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Stock Market & Financial Investment News

News Breaks
September 27, 2012
06:21 EDTMXIMMaxim Integrated upgraded to Buy from Hold at Jefferies
Jefferies upgraded Maxim Integrated citing valuation and the company's Mixed Signal/Analog capabilities. The firm raised its price target for shares to $33 from $29.
News For MXIM From The Last 14 Days
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June 12, 2013
12:12 EDTMXIMSynaptics slides after firm warns of Galaxy S4 production cut
Shares of Synaptics (SYNA), which develops touch products for smartphones, are declining after research firm Maxim Group wrote that the company would be hurt by Samsung's (SSNLF) decision to produce many fewer Galaxy S4 devices. WHAT'S NEW: Samsung has started reducing its shipments of Galaxy S 4 smartphones in response to weak sales of the device, Maxim Group wrote in a note to investors. The Korean company is likely to reduce production of the device by 20%-25%, the firm added. Synaptics has the most exposure to the Galaxy S4 of all the companies that Maxim covers, the analyst wrote. TODAY'S PRICE ACTION: In early afternoon trading, Synaptics fell $1, or 2.6%, to $37.75. OTHERS TO WATCH: Other companies with exposure to Samsung devices include Broadcom (BRCM), Maxim Integrated (MXIM), Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), Skyworks (SWKS), ARM Holdings (ARMH), Qualcomm (QCOM), and TriQuint (TQNT).
07:57 EDTMXIMMaxim Integrated weakness creates buying opportunity, says Oppenheimer
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June 11, 2013
10:03 EDTMXIMOn The Fly: Analyst Downgrade Summary
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09:13 EDTMXIMSome component makers to be hurt by lower Galaxy S 4 outlook, says Pacific Crest
After speaking with Samsung (SSNLF) and conducting checks, Pacific Crest believes that expectations for Galaxy S 4 sales in Q3 are too high. As a result, the firm reduced its price target on Broadcom (BRCM) to $41 from $44, and on Maxim Integrated (MXIM) to $34 from $37. The firm also lowered its estimates for Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), and Skyworks (SWKS). The firm keeps Outperform ratings on Broadcom, Maxim, and Peregrine, and Sector Perform ratings on Skyworks, Audience, and RF Micro.
07:40 EDTMXIMMaxim Integrated downgraded to Neutral from Positive at Susquehanna
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June 10, 2013
10:04 EDTMXIMOn The Fly: Analyst Downgrade Summary
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07:31 EDTMXIMMaxim Integrated downgraded to Neutral from Overweight at JPMorgan
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