Why Maxim Integrated Products (MXIM) Stock Is Falling Today

NEW YORK (TheStreet) -- Maxim Integrated Products (MXIM) was falling -11.2% to $29.25 Friday after missing analysts' estimates for earnings and revenue in the fiscal fourth quarter, and issuing a weak first quarter guidance.

For the fiscal fourth quarter Maxim reported earnings of 43 cents a share, missing the Capital IQ Consensus Estimate of 48 cents a share by 5 cents. Revenue grew 5.6% year-over-year to $642 million, below analysts' estimates of $650.45 million in revenue.

Looking to the first quarter, Maxim expects earnings of 34 cents to 40 cents a share and revenue of $580 million to $620 million, below analysts' estimates of earnings of 51 cents a share and revenue of $676.1 million.

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TheStreet Ratings team rates MAXIM INTEGRATED PRODUCTS as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MAXIM INTEGRATED PRODUCTS (MXIM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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.

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