Maxim Integrated Products, Inc. (MXIM - Free Report) has unveiled Lithium-ion (Li-ion) battery fuel gauges that can be used in varied applications.
The company’s new fuel gauges, MAX17260 and MAX17261, are small in size and considerably extends the battery life of portable products.
We believe Maxim is poised to gain momentum in the market with these new fuel gauges. Further, these new products are strengthening the company’s product portfolio.
Notably, shares of Maxim have returned 32.86% in a year’s time, outperforming the industry’s rally of 35.0%.
TheModelGaugem5 algorithm (EZ) provides high level of accuracy in fuel gauging, thereby preventing sudden crash and premature device shutdown. The new fuel gauges feature a very low quiescent current of 5.1µA, allowing to minimize battery drainage during long periods of standby.
Li-ion batteries are used in cellphones, laptops, and other electronic devices, as well as the aerospace and defense sector. Maxim’s new fuel gauges can be used in many applications like hand-held gaming systems, remote controls, smart home devices, USB Type-C portable devices, among others.
MAX17260 and MAX17261 are available for purchase at 93 cents and $1.22, respectively, at Maxim's website and select authorized distributors.
Strong Product Portfolio — Key Catalyst
With the increasing use of Li-ion batteries in consumer electronic products and efforts to promote the use of electric cars by many governments to curb pollution, the demand for these batteries is expected to rise.
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.
The company is gaining traction with its innovative products that bode well for its market position.
Zacks Rank &Stocks to Consider
Currently, Maxim carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry include Groupon (GRPN - Free Report) , PetMed Express and Expedia (EXPE - Free Report) . While Groupon sports a Zacks Rank #1 (Strong Buy), PetMed and Expedia both hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Groupon, PetMed and Expedia is currently projected to be 6.5%, 10% and 14.5%, respectively.
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