Maxim Integrated (MXIM) Surges: Stock Moves 7.1% Higher
Maxim Integrated Products, Inc. MXIM was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $52.28–$58.00 in the past one-month time frame, witnessed a sharp increase on Friday.
The company has seen eight positive estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Maxim Integrated currently has a Zacks Rank #3 (Hold) while its Earnings ESPis negative.
Maxim Integrated Products, Inc. Price and Consensus
Maxim Integrated Products, Inc. Price and Consensus | Maxim Integrated Products, Inc. Quote
A better ranked stock in the Semiconductor - Analog and Mixed industry is Analog Devices, Inc. ADI which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is MXIM going up? Or down? Predict to see what others think: Up or Down
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Maxim Integrated Products, Inc. (MXIM) : Free Stock Analysis Report
Analog Devices, Inc. (ADI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
