Maxim Integrated Products Given Consensus Rating of “Buy” by Brokerages (NASDAQ:MXIM)
Shares of Maxim Integrated Products (NASDAQ:MXIM) have earned an average recommendation of “Buy” from the twenty-two ratings firms that are currently covering the stock, Analyst Ratings Network reports. Nine equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.71.
A number of analysts have recently weighed in on MXIM shares. Analysts at ISI Group initiated coverage on shares of Maxim Integrated Products in a research note on Thursday, April 10th. They set a “neutral” rating and a $36.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Maxim Integrated Products to $36.20 in a research note on Tuesday, April 8th. Finally, analysts at Jefferies Group raised their price target on shares of Maxim Integrated Products from $35.00 to $39.00 in a research note on Wednesday, April 2nd.
Maxim Integrated Products (NASDAQ:MXIM) opened at 32.08 on Monday. Maxim Integrated Products has a 1-year low of $26.49 and a 1-year high of $33.78. The stock has a 50-day moving average of $32.44 and a 200-day moving average of $30.04. The company has a market cap of $9.049 billion and a P/E ratio of 23.69.
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. On average, analysts predict that Maxim Integrated Products will post $1.63 earnings per share for the current fiscal year.
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 number of customers in diverse geographical locations.
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