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Stock Market & Financial Investment News

News Breaks
July 21, 2014
08:41 EDTMXIMMaxim Integrated Q1 guidance likely to beat expectations, says Pacific Crest
Pacific Crest expects Maxim's Q1 EPS guidance to surpass expectations, driven by increased revenue from Apple's (AAPL) iPhone 6 and iWatch. The firm recommends buying the stock, as it thinks the shares have a number of positive catalysts including content share gains in mobility and increasing automotive revenue exposure. The firm keeps a $44 price target and Outperform rating on the shares.
News For MXIM From The Last 14 Days
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June 19, 2015
15:12 EDTMXIMTexas Instruments speculated as next chip dealmaker, Reuters reports
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June 18, 2015
07:59 EDTMXIMMaxim estimates lowered on weaker Galaxy S6 demand at Citi
Citi lowered its estimates for Maxim Integrated to reflect what it believes to be slowing demand for Samsung's Galaxy S6 smartphone. Maxim derives around 8% of its 2015 revenue from the Galaxy S6, the firm points out. The estimate cuts come after Citi's Samsung analyst lowered his 2015 Galaxy S6 shipment estimate by 14% due to weaker demand in Q2. The firm points out its checks also indicate Maxim could lose content in the next generation Samsung Galaxy S7 smartphone in 2016. It keeps a Neutral rating on the stock with a $35 price target.

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