Maxim Integrated Products Rating Increased to Outperform at BMO Capital Markets (MXIM)
Maxim Integrated Products (NASDAQ:MXIM) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Maxim Integrated Products (NASDAQ:MXIM) opened at 27.86 on Friday. Maxim Integrated Products has a 52 week low of $26.49 and a 52 week high of $33.67. The stock’s 50-day moving average is $28.28 and its 200-day moving average is $28.6. The company has a market cap of $7.873 billion and a P/E ratio of 19.25.
Maxim Integrated Products (NASDAQ:MXIM) last released its earnings data on Thursday, October 24th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $585.20 million for the quarter, compared to the consensus estimate of $584.84 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts expect that Maxim Integrated Products will post $1.68 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MXIM. Analysts at Pacific Crest cut their price target on shares of Maxim Integrated Products from $34.00 to $33.00 in a research note to investors on Thursday, December 19th. They now have an “outperform” rating on the stock. Separately, analysts at MKM Partners upgraded shares of Maxim Integrated Products from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 18th. They now have a $35.00 price target on the stock, up previously from $33.00. Finally, analysts at Drexel Hamilton initiated coverage on shares of Maxim Integrated Products in a research note to investors on Thursday, November 14th. They set a “hold” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Maxim Integrated Products currently has a consensus rating of “Hold” and an average price target of $32.26.
Maxim Integrated Products, Inc (NASDAQ:MXIM), designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.