News stories about Maxim Integrated Products (NASDAQ:MXIM) have been trending somewhat positive on Monday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Maxim Integrated Products earned a news impact score of 0.04 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.2240341207134 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Several brokerages have issued reports on MXIM. Morgan Stanley increased their price objective on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Wells Fargo & Co increased their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. BMO Capital Markets increased their target price on Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. B. Riley reiterated a “hold” rating and set a $47.00 target price on shares of Maxim Integrated Products in a research note on Monday, October 16th. Finally, Barclays increased their target price on Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.24.
Shares of Maxim Integrated Products (NASDAQ MXIM) traded up $0.46 on Monday, hitting $55.05. The stock has a market cap of $15,500.00, a price-to-earnings ratio of 26.85, a P/E/G ratio of 2.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. Maxim Integrated Products has a twelve month low of $40.44 and a twelve month high of $55.43.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. research analysts anticipate that Maxim Integrated Products will post 2.47 earnings per share for the current fiscal year.
In related news, VP Vivek Jain sold 6,793 shares of Maxim Integrated Products stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $52.18, for a total transaction of $354,458.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tunc Doluca sold 21,202 shares of Maxim Integrated Products stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $52.57, for a total value of $1,114,589.14. The disclosure for this sale can be found here. Insiders have sold 230,819 shares of company stock worth $12,093,336 over the last three months. Corporate insiders own 1.11% of the company’s stock.
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About Maxim Integrated Products
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.
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