Maxim Integrated Products Inc. (MXIM): Today's Featured Electronics Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.6%. By the end of trading, Maxim Integrated Products rose $0.61 (2.2%) to $28.03 on heavy volume. Throughout the day, 13,309,284 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 3,115,400 shares. The stock ranged in a price between $26.49-$28.38 after having opened the day at $26.93 as compared to the previous trading day's close of $27.42. Other companies within the Electronics industry that increased today were:
(
), up 13.2%,
(
), up 11.8%,
(
), up 11.0% and
(
), up 8.9%.
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. Maxim Integrated Products has a market cap of $7.9 billion and is part of the technology sector. Shares are down 7.6% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Maxim Integrated Products
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Maxim Integrated Products Ratings Report.
On the negative front,
(
), down 16.7%,
(
), down 12.8%,
(
), down 11.5% and
(
), down 9.0% , were all laggards within the electronics industry with
Taiwan Semiconductor Manufacturing
(
) being today's electronics industry laggard.
- Use our electronics section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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