Maxim Integrated (NASDAQ:MXIM) has earned an average recommendation of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $55.94.
A number of research analysts recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating on shares of Maxim Integrated in a research report on Wednesday, January 31st. Drexel Hamilton reaffirmed a “buy” rating and set a $63.00 target price (up from $60.00) on shares of Maxim Integrated in a research note on Friday, January 26th. Zacks Investment Research raised shares of Maxim Integrated from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. B. Riley reaffirmed a “hold” rating and set a $54.00 target price on shares of Maxim Integrated in a research note on Friday, January 26th. Finally, Barclays raised their target price on shares of Maxim Integrated from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th.
In other news, VP Christopher J. Neil sold 12,634 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $62.01, for a total value of $783,434.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tunc Doluca sold 29,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $58.29, for a total transaction of $1,690,410.00. Following the completion of the sale, the chief executive officer now owns 147,052 shares of the company’s stock, valued at approximately $8,571,661.08. The disclosure for this sale can be found here. Insiders have sold 243,428 shares of company stock valued at $14,784,988 in the last quarter. 1.11% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in MXIM. BlackRock Inc. grew its position in shares of Maxim Integrated by 11.0% in the 4th quarter. BlackRock Inc. now owns 21,341,356 shares of the semiconductor company’s stock worth $1,115,726,000 after buying an additional 2,108,322 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Maxim Integrated by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 14,143,312 shares of the semiconductor company’s stock valued at $739,411,000 after acquiring an additional 384,987 shares during the period. Wells Fargo & Company MN lifted its stake in Maxim Integrated by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,766,421 shares of the semiconductor company’s stock valued at $353,748,000 after acquiring an additional 196,139 shares during the period. Geode Capital Management LLC lifted its stake in Maxim Integrated by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 2,990,564 shares of the semiconductor company’s stock valued at $156,278,000 after acquiring an additional 160,262 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Maxim Integrated by 38.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,261,400 shares of the semiconductor company’s stock valued at $118,226,000 after acquiring an additional 632,500 shares during the period. Hedge funds and other institutional investors own 90.62% of the company’s stock.
Maxim Integrated stock traded down $0.87 during mid-day trading on Friday, reaching $57.73. The company’s stock had a trading volume of 1,588,741 shares, compared to its average volume of 2,663,409. Maxim Integrated has a 12-month low of $43.35 and a 12-month high of $74.94. The firm has a market capitalization of $16,479.14, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.16 and a beta of 1.13. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.50.
Maxim Integrated (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. The firm had revenue of $623.00 million during the quarter, compared to analyst estimates of $620.46 million. Maxim Integrated had a net margin of 16.08% and a return on equity of 32.59%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. equities research analysts forecast that Maxim Integrated will post 2.64 EPS for the current year.
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Maxim Integrated Company Profile
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
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