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

NEW YORK ( TheStreet) -- Maxim Integrated Products (Nasdaq: MXIM) hit a new 52-week high Friday as it is currently trading at $29.32, above its previous 52-week high of $29.25 with 1.4 million shares traded as of 10:45 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Maxim Integrated has a market cap of $7.97 billion and is part of the technology sector and electronics industry. Shares are up 5% year to date as of the close of trading on Thursday.

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 17.1, below the average electronics industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

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, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Maxim Integrated Ratings Report.

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