Maxim Integrated Products, Inc. (NASDAQ:MXIM) had its price objective boosted by stock analysts at Morgan Stanley from $37.00 to $40.00 in a research note issued on Monday. The brokerage currently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley’s price target points to a potential downside of 14.78% from the company’s current price.

Several other brokerages have also commented on MXIM. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Monday, April 24th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target (up from $44.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Evercore ISI reiterated an “in-line” rating on shares of Maxim Integrated Products in a research note on Friday, April 21st. MKM Partners initiated coverage on shares of Maxim Integrated Products in a research note on Friday, April 7th. They set a “neutral” rating and a $48.00 price target on the stock. Finally, Drexel Hamilton reiterated a “buy” rating and set a $52.00 price target (up from $46.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. Maxim Integrated Products presently has a consensus rating of “Hold” and an average price target of $47.00.

Shares of Maxim Integrated Products (NASDAQ:MXIM) traded down 0.34% during trading on Monday, hitting $46.94. The stock had a trading volume of 1,562,497 shares. The stock has a market cap of $13.26 billion, a P/E ratio of 26.98 and a beta of 1.04. Maxim Integrated Products has a one year low of $37.25 and a one year high of $49.70. The stock’s 50 day moving average price is $46.83 and its 200-day moving average price is $44.29.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, April 20th. The semiconductor company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Maxim Integrated Products had a net margin of 22.16% and a return on equity of 26.73%. The firm had revenue of $581 million for the quarter, compared to analyst estimates of $575.83 million. During the same period last year, the business earned $0.41 EPS. Maxim Integrated Products’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts expect that Maxim Integrated Products will post $2.12 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Morgan Stanley Boosts Maxim Integrated Products, Inc. (NASDAQ:MXIM) Price Target to $40.00” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/07/17/morgan-stanley-boosts-maxim-integrated-products-inc-nasdaqmxim-price-target-to-40-00.html.

In related news, CFO Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $46.33, for a total transaction of $1,158,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tunc Doluca sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $44.49, for a total transaction of $533,880.00. The disclosure for this sale can be found here. Insiders have sold 241,548 shares of company stock worth $11,148,556 in the last three months. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of Maxim Integrated Products by 51.4% in the first quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 764 shares during the period. Duncker Streett & Co. Inc. raised its position in shares of Maxim Integrated Products by 57.8% in the first quarter. Duncker Streett & Co. Inc. now owns 2,374 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 870 shares during the period. TrimTabs Asset Management LLC raised its position in shares of Maxim Integrated Products by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,854 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 1,344 shares during the period. Toronto Dominion Bank raised its position in shares of Maxim Integrated Products by 26.1% in the first quarter. Toronto Dominion Bank now owns 3,099 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 642 shares during the period. Finally, Tompkins Financial Corp raised its position in shares of Maxim Integrated Products by 31.3% in the first quarter. Tompkins Financial Corp now owns 3,962 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 944 shares during the period. 89.40% of the stock is owned by hedge funds and other institutional investors.

About Maxim Integrated Products

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 caters to automotive, communications and data center, computing, consumer and industrial markets.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.