Maxim Integrated Products, Inc. (MXIM - Free Report) 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
A better ranked stock in the Semiconductor - Analog and Mixed industry is Analog Devices, Inc. (ADI - Free Report) which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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