Maxim Integrated Products Upgraded to Positive by Susquehanna (MXIM)
Maxim Integrated Products (NASDAQ:MXIM) was upgraded by equities research analysts at Susquehanna from a “neutral” rating to a “positive” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $35.00 price objective on the stock, up from their previous price objective of $27.00. Susquehanna’s target price would suggest a potential upside of 19.86% from the stock’s previous close.
A number of other firms have also recently commented on MXIM. Analysts at Oppenheimer downgraded shares of Maxim Integrated Products from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 10th. They now have a $34.00 price target on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Maxim Integrated Products from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, January 3rd. They now have a $33.00 price target on the stock, up previously from $26.00. Finally, 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. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Maxim Integrated Products currently has a consensus rating of “Hold” and an average target price of $32.95.
Shares of Maxim Integrated Products (NASDAQ:MXIM) traded up 1.11% during mid-day trading on Friday, hitting $29.20. The stock had a trading volume of 6,753,261 shares. Maxim Integrated Products has a one year low of $26.49 and a one year high of $33.67. The stock’s 50-day moving average is $28.27 and its 200-day moving average is $28.69. The company has a market cap of $8.251 billion and a price-to-earnings ratio of 19.93.
Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Wednesday, January 22nd. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.03. The company had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.31 million. During the same quarter last year, the company posted $0.42 earnings per share. Maxim Integrated Products’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Maxim Integrated Products will post $1.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a dividend of 0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.56%.
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.
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