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4-Traders Homepage  >  Equities  >  Nasdaq  >  Maxim Integrated Products    MXIM

MAXIM INTEGRATED PRODUCTS (MXIM)
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Maxim Integrated Products : Hosts 2018 California Invention Convention in Celebration of 35 Years of Innovation

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04/15/2018 | 04:30pm CEST

SAN JOSE, California, April 11 -- Maxim Integrated Products, a manufacturer of analog integration to automotive, cloud data center, mobile consumer and industrial applications, issued the following financial news release:

At its headquarters in San Jose, California, Maxim Integrated Products, Inc. (NASDAQ: MXIM) will host the second annual California Invention Convention on April 14, 2018, in conjunction with its 35th anniversary celebration. The California Invention Convention supports young inventors from kindergarten to eighth grade from schools throughout the state as they come together to showcase their individual inventions demonstrating creative problem-solving ideas. Over 125 students are expected to attend from schools using the California Invention Convention curriculum, as well as schools from Invention Education programs.

Details about the California Invention Convention (http://bit.ly/CAInvention)

For real-time video of the event, follow Maxim's Facebook page for a Facebook Live broadcast (https://www.facebook.com/MaximIntegrated)

As it celebrates its 35-year anniversary, Maxim becomes the first Silicon Valley company to host the California Invention Convention's state-wide finals. On the day of the event, young inventors will display their invention-either a working model or prototype-and will then be judged and awarded. Maxim will present the "Best-In-Show" award later in the afternoon. Top finalists will be invited to join approximately 400 other student inventors from around the country on May 31-June 2, 2018 at the National Invention Convention and Entrepreneurship Expo in Dearborn, Michigan.

Commentary

"We are honored to host these bright minds of the future on the same day that Maxim celebrates its 35 years of empowering design engineers," said Dave Dwelley, Chief Technology Officer at Maxim Integrated. "Through our collaboration with the California Invention Convention, we look forward to a generation of engineers that embrace teamwork, thinking outside the box, and innovative problem-solving--values that are very much prevalent in Maxim's culture."

"We are grateful to Maxim Integrated for their generous support as the principal sponsor of this year's state-wide California Invention Convention," said Brenda Payne, Director, California Invention Convention. "Their participation contributes to the Invention Convention curriculum reaching over 1,500 students in classrooms throughout California. The students' engagement with this curriculum has led them to design and build creative solutions to self-identified problems. We are constantly inspired by them."

© 2018 Targeted News Service, source News Service

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Financials ($)
Sales 2018 2 481 M
EBIT 2018 904 M
Net income 2018 452 M
Finance 2018 870 M
Yield 2018 2,84%
P/E ratio 2018 34,07
P/E ratio 2019 20,34
EV / Sales 2018 5,81x
EV / Sales 2019 5,53x
Capitalization 15 298 M
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Maxim Integrated Products Technical Analysis Chart | MXIM | US57772K1016 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 61,2 $
Spread / Average Target 12%
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Managers
NameTitle
Tunç Doluca President, Chief Executive Officer & Director
William P. Sullivan Chairman
Bruce E. Kiddoo Chief Financial Officer & Senior Vice President
Vivek Jain Senior Vice President-Technology & Manufacturing
James R. Bergman Independent Outside Director
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