MXIM - Maxim Integrated: Getting Hit By Export Bans

Maxim Integrated Products (MXIM) has fallen about 16% since it reported FY19 earnings on July 30. Results were in-line but guidance was lowered due to the drop in direct orders from Samsung and Huawei that together accounted for about 12% of FY19 revenue. Along with new tariffs hitting virtually all goods imported from China to the U.S., and a potential delay in export licenses for Huawei suppliers, Maxim's shares took a significant hit and will likely remain under pressure.

Data by YCharts

4Q results wrap

F4Q19 revenue of $557m was down -12% yoy

Read more ...