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Maxim (MXIM) Offers Design Efficiency With Digital Amplifiers

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Reportedly Maxim Integrated Products, Inc.’s (MXIM - Free Report) digital audio amplifiers are gaining traction, courtesy of their audio quality enhancing ability. MAX98357 and MAX98358 provide 3.2W of Class AB audio performance with Class D efficiency in audio quality.

With these amplifiers, designers are now being able to reduce their solution size which was difficult with analog amplifiers as they would affect the overall size of the solution.

We believe Maxim is poised to gain momentum in the market with these amplifiers. Further, the company’s product portfolio is strengthening with these amplifiers.

Coming to the price performance, shares of Maxim have returned 26.8% over a year, outperforming the industry’s rally of 16%.



Key Features

These amplifiers improve the quality of the audio, has plug and play advantages, and are compact as well cost effective. Additionally, they deliver electromagnetic interference performance.

Both the amplifiers are available for purchase at 87 cents.

Strong Product Portfolio — Key Catalyst

Maxim’s diversified product portfolio helps the company perform well in all end markets. Moreover, it assists the company to win clients and expand globally.

Reportedly, Maxim's Ultra-Small Step-Down Converters — MAX20075 and MAX20076 — offer the industry's lowest quiescent current help system designers looking to create small and highly efficient 40V load dump-tolerant applications.

Recently, MAXM17532 and MAXM15462 power modules have been proved to help designers working on space-constrained applications in reducing solution size and increase efficiency.

Moreover, products launched as part of the company’s transition to advanced node process technology development are likely to continue to boost Maxim’s product portfolio.

Further, Maxim’s Dynamic Speaker Management (“DSM”) is performing well in acquiring clients. Recently, CEVA, Inc. (CEVA - Free Report) , a licensor of signal processing platforms and artificial intelligence processors chose DSM for its TeakLite-4 family of ultra-low power audio/voice DSPs to improve speaker designs of smartphones.

Also, the company’s MAX12900 ultra-low power sensor transmitter helps in building small efficient designs for industrial automation applications.

The company also teamed up with NVIDIA (NVDA - Free Report) to support the latter’s DRIVE Pegasus as well as DRIVE Xavier for Level 4 driving platforms with the help of its Automotive Safety Integrity Level solutions and analog integration.

Reportedly, with the MAX17843 12-channel, high-voltage smart sensor data-acquisition device, Maxim offers enhanced safety of lithium-ion battery packs to the automotive OEMs.

We note that the company is gaining traction with its innovative products which bodes well for its market position.



Zacks Rank & Stock to Consider

Currently, Maxim carries Zacks Rank #3 (Hold).

A better-ranked stock in the broader technology sector is Silicon Laboratories (SLAB - Free Report) which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rate for Silicon Laboratories is currently pegged at 15%.

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