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Maxim Integrated Products (MXIM) in Focus: Stock Up 10.4%

Maxim Integrated Products, Inc.MXIM was a big mover last session, as the company saw its shares rise over 10% on the day. The upside was driven by the report that the company is in talks with Analog Devices about a possible merger. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday's rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $32.00 to $35.31 in the past one-month time frame.

In the last 30 days, the company witnessed three negative estimate revisions and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.

Maxim Integrated Products currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the same space is Inphi Corporation IPHI , which sports a Zacks Rank #1 (Strong Buy).

Is MXIM going up? Or down? Predict to see what others think: Up or Down

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MAXIM INTG PDTS (MXIM): Free Stock Analysis Report

INPHI CORP (IPHI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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