Maxim Integrated Products Inc. (MXIM) Now Covered by MKM Partners

Equities researchers at MKM Partners started coverage on shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) in a research note issued on Friday. The firm set a “neutral” rating and a $48.00 price target on the semiconductor company’s stock. MKM Partners’ price target would suggest a potential upside of 5.61% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Macquarie began coverage on Maxim Integrated Products in a research report on Friday, March 31st. They issued an “outperform” rating and a $52.00 price target for the company. Zacks Investment Research cut Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. B. Riley reissued a “neutral” rating and set a $40.00 price objective on shares of Maxim Integrated Products in a research note on Thursday, February 16th. Jefferies Group LLC reissued a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of Maxim Integrated Products in a research note on Tuesday, January 31st. Finally, Bank of America Corp raised Maxim Integrated Products from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $51.00 to $43.00 in a research note on Friday, January 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.50.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Shares of Maxim Integrated Products (NASDAQ:MXIM) opened at 45.45 on Friday. The stock has a market capitalization of $12.85 billion, a P/E ratio of 26.33 and a beta of 1.14. The company has a 50-day moving average of $44.86 and a 200-day moving average of $41.78. Maxim Integrated Products has a 12-month low of $33.38 and a 12-month high of $46.22.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The company earned $581 million during the quarter, compared to analysts’ expectations of $575.83 million. Maxim Integrated Products had a return on equity of 24.82% and a net margin of 22.39%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. Equities analysts expect that Maxim Integrated Products will post $2.04 earnings per share for the current fiscal year.

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In other Maxim Integrated Products news, insider Bryan Preeshl sold 1,243 shares of Maxim Integrated Products stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $44.92, for a total value of $55,835.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Vivek Jain sold 21,044 shares of the business’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $42.33, for a total transaction of $890,792.52. The disclosure for this sale can be found here. Insiders have sold 202,058 shares of company stock valued at $8,933,685 in the last ninety days. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in Maxim Integrated Products by 10.7% in the third quarter. Advisor Group Inc. now owns 3,479 shares of the semiconductor company’s stock worth $138,000 after buying an additional 335 shares in the last quarter. Tompkins Financial Corp increased its position in Maxim Integrated Products by 31.3% in the first quarter. Tompkins Financial Corp now owns 3,962 shares of the semiconductor company’s stock worth $146,000 after buying an additional 944 shares in the last quarter. Global X Management Co. LLC increased its position in Maxim Integrated Products by 56.0% in the third quarter. Global X Management Co. LLC now owns 4,406 shares of the semiconductor company’s stock worth $176,000 after buying an additional 1,582 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Maxim Integrated Products by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,555 shares of the semiconductor company’s stock worth $178,000 after buying an additional 12 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Maxim Integrated Products by 3.4% in the fourth quarter. Loomis Sayles & Co. L P now owns 5,205 shares of the semiconductor company’s stock worth $201,000 after buying an additional 172 shares in 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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