Media stories about Maxim Integrated Products (NASDAQ:MXIM) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Maxim Integrated Products earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.5776925641789 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Several equities research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. Wells Fargo & Co boosted their price target on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. BMO Capital Markets boosted their price target on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. B. Riley reiterated a “hold” rating and issued a $47.00 price target on shares of Maxim Integrated Products in a research report on Monday, October 16th. Finally, Barclays boosted their price target on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.43.
Shares of Maxim Integrated Products (MXIM) traded up $0.77 on Friday, reaching $56.58. The company had a trading volume of 2,609,254 shares, compared to its average volume of 1,491,504. The stock has a market cap of $15,709.77, a PE ratio of 27.60, a P/E/G ratio of 2.19 and a beta of 1.10. Maxim Integrated Products has a 1 year low of $40.88 and a 1 year high of $56.63. 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 (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. Maxim Integrated Products’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. equities analysts anticipate that Maxim Integrated Products will post 2.49 EPS for the current year.
In other Maxim Integrated Products news, VP Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $51.71, for a total transaction of $1,292,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Vivek Jain sold 6,793 shares of Maxim Integrated Products stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $52.18, for a total value of $354,458.74. The disclosure for this sale can be found here. Insiders sold a total of 234,819 shares of company stock worth $12,313,336 in the last three months. 1.11% of the stock is currently owned by company insiders.
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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.
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