Brokerages Set Maxim Integrated Products Inc. (MXIM) PT at $44.00

Maxim Integrated Products Inc. (NASDAQ:MXIM) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the firm. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $44.94.

Several research firms have recently issued reports on MXIM. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of Maxim Integrated Products in a report on Tuesday, January 31st. Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective (up previously from $44.00) on shares of Maxim Integrated Products in a report on Friday, April 14th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, December 21st. MKM Partners began coverage on shares of Maxim Integrated Products in a report on Friday, April 7th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, Drexel Hamilton restated a “buy” rating and set a $52.00 price objective (up previously from $46.00) on shares of Maxim Integrated Products in a report on Friday, April 14th.

Shares of Maxim Integrated Products (NASDAQ:MXIM) traded up 1.23% during midday trading on Monday, hitting $45.14. The stock had a trading volume of 1,169,002 shares. Maxim Integrated Products has a 12-month low of $33.38 and a 12-month high of $46.22. The stock has a 50-day moving average price of $44.84 and a 200-day moving average price of $41.76. The stock has a market cap of $12.76 billion, a P/E ratio of 26.15 and a beta of 1.14.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, January 26th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $551 million for the quarter, compared to the consensus estimate of $542.69 million. Maxim Integrated Products had a net margin of 22.39% and a return on equity of 24.82%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Equities analysts forecast that Maxim Integrated Products will post $2.04 earnings per share for the current year.

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In other Maxim Integrated Products news, VP Vivek Jain sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $45.26, for a total value of $452,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tunc Doluca sold 24,500 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $44.59, for a total transaction of $1,092,455.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,058 shares of company stock worth $8,933,685. Company insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Maxim Integrated Products by 2.3% in the first quarter. Nisa Investment Advisors LLC now owns 136,010 shares of the semiconductor company’s stock worth $6,115,000 after buying an additional 3,010 shares during the last quarter. DnB Asset Management AS raised its position in shares of Maxim Integrated Products by 7.8% in the first quarter. DnB Asset Management AS now owns 29,039 shares of the semiconductor company’s stock worth $1,306,000 after buying an additional 2,100 shares during the last quarter. Gateway Investment Advisers LLC raised its position in shares of Maxim Integrated Products by 2.5% in the first quarter. Gateway Investment Advisers LLC now owns 8,690 shares of the semiconductor company’s stock worth $391,000 after buying an additional 216 shares during the last quarter. Affinity Wealth Management bought a new position in shares of Maxim Integrated Products during the first quarter worth about $267,000. Finally, Viking Fund Management LLC raised its position in shares of Maxim Integrated Products by 8.0% in the first quarter. Viking Fund Management LLC now owns 27,000 shares of the semiconductor company’s stock worth $1,214,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 90.38% of the company’s stock.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

5 Day Chart for NASDAQ:MXIM

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