MXIM - Maxim Integrated Products: Good Long-Term Growth Stock But Trading At A Premium Valuation Already
Investment Thesis
Maxim Integrated Products (MXIM) delivered a poor Q4 F2019 with double-digit decline in its top and bottom lines. Despite the near-term headwind, Maxim should continue to benefit from several mega trends such as increasing electronic content in automotive and industrial automation. Despite a pullback in its share price, we still think shares are expensive on a relative basis. Therefore, we think investors may want to wait on the sidelines until a better risk/reward profile presents itself.
Data by YCharts
Recent Developments: Q4 F2019 Highlights
In its Q4 F2019, Maxim saw its revenue decline