Somewhat Positive News Coverage Somewhat Unlikely to Impact Maxim Integrated Products (NASDAQ:MXIM) Stock Price

News coverage about Maxim Integrated Products (NASDAQ:MXIM) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Maxim Integrated Products earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.2240341207134 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Maxim Integrated Products (NASDAQ MXIM) opened at $61.71 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 13.09 and a current ratio of 4.48. The company has a market capitalization of $14,461.04, a PE ratio of 27.16, a PEG ratio of 2.45 and a beta of 1.10. Maxim Integrated Products has a 52-week low of $43.35 and a 52-week high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. research analysts predict that Maxim Integrated Products will post 2.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.72%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. Maxim Integrated Products’s payout ratio is currently 108.27%.

A number of research firms recently issued reports on MXIM. Morgan Stanley lifted their price target on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Wells Fargo & Co raised their price objective on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a report on Friday, October 20th. BMO Capital Markets lifted their price target on Maxim Integrated Products from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. B. Riley reiterated a “hold” rating and set a $47.00 price target on shares of Maxim Integrated Products in a report on Monday, October 16th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $63.00 price target (up previously from $60.00) on shares of Maxim Integrated Products in a report on Friday, January 26th. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.29.

In related news, CEO Tunc Doluca sold 14,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $53.00, for a total transaction of $742,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 have sold 165,315 shares of company stock valued at $9,090,607 in the last 90 days. Company insiders own 1.11% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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