Maxim Integrated Products (NASDAQ: MXIM) has recently received a number of price target changes and ratings updates:

  • 9/21/2016 – Maxim Integrated Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Maxim is an OEM of analog and mixed signal ICs. The fiscal fourth-quarter earnings of the company were a penny above the Zacks Consensus Estimate. Maxim has a solid portfolio that generates steady design wins, a highly profitable and well-diversified core business, a policy of maintaining efficiency that has led to cost cutting measures and regular cash returns. However, its exposure to the consumer and communications markets increases risks. The concentration of its mobility revenues at Samsung further adds to the risks. This could, however, be mitigated once the diversification strategy takes off.”
  • 9/20/2016 – Maxim Integrated Products is now covered by analysts at Susquehanna. They set a “positive” rating on the stock.
  • 9/20/2016 – Maxim Integrated Products is now covered by analysts at Maxim Group. They set a “positive” rating and a $50.00 price target on the stock.
  • 9/15/2016 – Maxim Integrated Products had its “overweight” rating reaffirmed by analysts at Pacific Crest.
  • 9/8/2016 – Maxim Integrated Products was downgraded by analysts at Maxim Group from an “outperform” rating to a “sector perform” rating.
  • 9/7/2016 – Maxim Integrated Products was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating.
  • 9/7/2016 – Maxim Integrated Products had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/31/2016 – Maxim Integrated Products had its price target raised by analysts at Barclays PLC from $35.00 to $42.00. They now have an “equal weight” rating on the stock.
  • 8/15/2016 – Maxim Integrated Products had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $40.00 price target on the stock.
  • 7/26/2016 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $42.00 price target on the stock, up previously from $41.00.
  • 7/25/2016 – Maxim Integrated Products had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $40.00 price target on the stock.
  • 7/25/2016 – Maxim Integrated Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Maxim is an OEM of analog and mixed signal ICs. The fiscal fourth-quarter earnings of the company were a penny above the Zacks Consensus Estimate. Maxim has a solid portfolio that generates steady design wins, a highly profitable and well-diversified core business, a policy of maintaining efficiency that has led to cost cutting measures and regular cash returns. However, its exposure to the consumer and communications markets increases risks. The concentration of its mobility revenues at Samsung further adds to the risks. This could, however, be mitigated once the diversification strategy takes off.”
  • 7/25/2016 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $42.00 price target on the stock.

Maxim Integrated Products Inc. (NASDAQ:MXIM) traded up 0.41% on Wednesday, hitting $38.82. 1,752,617 shares of the company were exchanged. Maxim Integrated Products Inc. has a 52-week low of $30.28 and a 52-week high of $42.37. The stock’s 50-day moving average price is $40.23 and its 200-day moving average price is $37.59. The stock has a market capitalization of $11.01 billion, a P/E ratio of 49.14 and a beta of 1.02.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 21st. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Maxim Integrated Products had a return on equity of 22.15% and a net margin of 10.36%. The firm earned $566 million during the quarter, compared to the consensus estimate of $575.46 million. On average, equities research analysts anticipate that Maxim Integrated Products Inc. will post $1.96 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 16th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 3.40%. Maxim Integrated Products’s payout ratio is presently 169.23%.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $35.53, for a total value of $355,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Vivek Jain sold 3,273 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $41.42, for a total value of $135,567.66. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.

5 Day Chart for NASDAQ:MXIM

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