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Tuesday, September 29, 2020

Is Now the Time to Invest in Maxim Integrated Products Inc. (NASDAQ:MXIM)?

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The Maxim Integrated Products Inc. (MXIM) shares are trading at lower $69.00 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $59.71.

To add more color to this target, the company’s high over the last year is $73.52 and the low is $41.93. Over the last 52 weeks, MXIM is down -6.15% while the S&P 500 is up 0.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MXIM reported a profit of $366.44 million. Maxim Integrated Products Inc. also saw revenues increase to $561.92 million. In addition, MXIM has free cash flow of $537.16 million as of 03-2020. The company’s EBITDA came in at $207.49 million which compares well with its peers.

MXIM booked profit margins of 37.00%, its Return on Equity (ROE) is 46.70%, and its Return on Assets is 22.30%. All told, it is clear that, MXIM needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MXIM has a short ratio of 1.80 and outstanding shares of 269.00M.

Company Outlook

MXIM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8.68 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.97. Maxim Integrated Products Inc. MXIM also noted assets of $3.55 billion at the end of the last quarter. Investors should also keep an eye on sector updates as MXIM has historically followed its peers on positive news.

All told, Maxim Integrated Products Inc. MXIM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MXIM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Maxim Integrated Products Inc. MXIM is now commanding a market cap of 18.27B and a float of 264.43M. MXIM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MXIM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MXIM, either long or short, and we have not been compensated for this article.

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