News coverage about Maxim Integrated Products (NASDAQ:MXIM) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 headlines about the semiconductor company an impact score of 46.2240341207134 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
Several equities analysts recently weighed in on the company. Loop Capital reiterated a “buy” rating and set a $57.00 target price (up from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Zacks Investment Research cut Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Drexel Hamilton raised their price target on Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Maxim Group raised their price target on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Citigroup lifted their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.43.
Shares of Maxim Integrated Products (NASDAQ MXIM) traded up $0.81 during midday trading on Tuesday, hitting $57.39. The company had a trading volume of 2,244,100 shares, compared to its average volume of 2,099,471. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $16,200.00, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. Maxim Integrated Products has a 12-month low of $41.03 and a 12-month high of $57.43.
In other news, VP Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $51.71, for a total transaction of $1,292,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William D. Watkins sold 19,650 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total value of $1,011,778.50. The disclosure for this sale can be found here. Insiders sold 198,026 shares of company stock valued at $10,394,077 in the last quarter. 1.11% of the stock is owned by company insiders.
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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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