Maxim Integrated Products, Inc. (MXIM) saw a big move last session, as the company’s shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MXIM, as the stock is now down 13.4% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MXIM currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the semiconductor industry include Fairchild Semiconductor International Inc. (FCS), Analog Devices, Inc. (ADI) and NXP Semiconductors NV (NXPI). While Fairchild Semiconductor International carries a Zacks Rank #1 (Strong Buy), Analog Devices and NXP Semiconductors hold a Zacks Rank #2 (Buy).
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