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TheStreet Wire

Maxim Integrated Stock Hits New 52-Week High (MXIM)

By TheStreet Wire 01/17/13 - 10:34 AM EST

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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Maxim Integrated Products (Nasdaq:MXIM) hit a new 52-week high Thursday as it is currently trading at $30.88, above its previous 52-week high of $30.83 with 621,159 shares traded as of 10:10 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Maxim Integrated has a market cap of $8.55 billion and is part of the technology sector and electronics industry. Shares are down 0.2% year to date as of the close of trading on Wednesday.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Maxim Integrated as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Maxim Integrated Ratings Report.

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