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Post Earnings Update: Maxim Integrated Products Has Climbed 2.6% Higher in Past 2 Weeks (MXIM)

By Shiri Gupta

Two weeks ago on January 23rd, 2014 Maxim Integrated Products (NASDAQ:MXIM) reported earnings and analysts, on average, expected earnings of $0.40 on sales of $620.4 million. Maxim Integrated Products actually reported earnings of $0.36 per share on sales of $620.3 million, missing EPS estimates by $0.04 and matching revenue estimates. Since the company's report, shares of Maxim Integrated Products have risen from $28.88 to $29.64, representing a gain of 2.6% in the past 18 days.

In the past 52 weeks, shares of Maxim Integrated Products have traded between a low of $20.62 and a high of $33.67 and are now at $29.64, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Maxim Integrated Products and will alert subscribers who have MXIM in their portfolio or watchlist when shares have changed trend direction.

Keywords: earnings flashbacks maxim integrated products

Ticker(s): MXIM