Jefferies Has Hold On Maxim Integrated

Jefferies & Co. is out with a research report on Maxim Integrated Products MXIM and it has a Hold rating and a $26 price target on shares. In a note to clients, Jefferies & Co. writes, "MXIM delivered a 3 cent EPS upside surprise, driven largely by higher gross margins, and guided $0.01 below consensus for the SepQ. We continue to like MXIM's visibility in Handsets and Comm infrastructure, but at the same time believe that its industrial and computing exposure will cap near-term growth." Shares of MXIM gained 20 cents yesterday to close at $22.58.