Maxim Integrated Products (MXIM) Lowered to “Hold” at BidaskClub

Maxim Integrated Products (NASDAQ:MXIM) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

MXIM has been the subject of several other reports. Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Evercore ISI cut their target price on Maxim Integrated Products from $60.00 to $55.00 in a research note on Monday, January 14th. Goldman Sachs Group cut Maxim Integrated Products from a “neutral” rating to a “sell” rating in a research note on Thursday, October 18th. Morgan Stanley cut their target price on Maxim Integrated Products from $59.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 31st. Finally, SunTrust Banks cut their target price on Maxim Integrated Products to $51.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Maxim Integrated Products presently has a consensus rating of “Hold” and an average target price of $60.20.

NASDAQ MXIM opened at $54.69 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.54 and a quick ratio of 5.85. Maxim Integrated Products has a fifty-two week low of $46.64 and a fifty-two week high of $64.40. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. The business had revenue of $576.91 million for the quarter, compared to the consensus estimate of $590.50 million. As a group, analysts predict that Maxim Integrated Products will post 2.45 EPS for the current fiscal year.

In other news, Director James R. Bergman sold 4,400 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $53.24, for a total value of $234,256.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tunc Doluca sold 5,000 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $54.55, for a total value of $272,750.00. The disclosure for this sale can be found here. Insiders sold a total of 69,445 shares of company stock valued at $3,877,229 over the last quarter. 0.85% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Plimoth Trust Co. LLC lifted its stake in shares of Maxim Integrated Products by 2.5% in the 3rd quarter. Plimoth Trust Co. LLC now owns 7,925 shares of the semiconductor company’s stock valued at $446,000 after acquiring an additional 190 shares during the last quarter. CWM LLC increased its holdings in Maxim Integrated Products by 78.0% in the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 262 shares during the period. Stanley Laman Group Ltd. increased its holdings in Maxim Integrated Products by 1.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 16,431 shares of the semiconductor company’s stock valued at $836,000 after purchasing an additional 262 shares during the period. Trust Co. of Vermont increased its holdings in Maxim Integrated Products by 0.5% in the fourth quarter. Trust Co. of Vermont now owns 68,036 shares of the semiconductor company’s stock valued at $3,459,000 after purchasing an additional 319 shares during the period. Finally, ETF Managers Group LLC increased its holdings in Maxim Integrated Products by 19.0% in the fourth quarter. ETF Managers Group LLC now owns 2,224 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 355 shares during the period. Institutional investors own 94.22% of the company’s stock.

Maxim Integrated Products 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, the 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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Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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