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

  • 7/17/2017 – Maxim Integrated Products had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
  • 7/17/2017 – Maxim Integrated Products had its price target raised by analysts at Morgan Stanley from $37.00 to $40.00. They now have an “underweight” rating on the stock.
  • 7/12/2017 – Maxim Integrated Products was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 6/28/2017 – 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 third-quarter earnings of the company were above the Zacks Consensus Estimate.  However, over the last one year, the stock has underperformed the Zacks characterized Semi- Analog & Mixed industry. 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.  Maxim’s exposure to the consumer and communications markets increases risks. However, the diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile.”
  • 6/20/2017 – Maxim Integrated Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Maxim is an OEM of analog and mixed signal ICs. The fiscal third-quarter earnings of the company were above the Zacks Consensus Estimate.  However, over the last one year, the stock has underperformed the Zacks characterized Semi- Analog & Mixed industry. 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.  Maxim’s exposure to the consumer and communications markets increases risks. However, the diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile.”
  • 6/17/2017 – Maxim Integrated Products was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/16/2017 – Maxim Integrated Products had its “mkt perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 6/16/2017 – Maxim Integrated Products is now covered by analysts at Maxim Group. They set a “market perform” rating on the stock.
  • 6/10/2017 – Maxim Integrated Products was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/9/2017 – Maxim Integrated Products was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Maxim is an OEM of analog and mixed signal ICs. The fiscal third-quarter earnings of the company were above the Zacks Consensus Estimate.  However, over the last one year, the stock has underperformed the Zacks characterized Semi- Analog & Mixed industry. 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.  Maxim’s exposure to the consumer and communications markets increases risks. However, the diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile.”
  • 6/8/2017 – Maxim Integrated Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Maxim is an OEM of analog and mixed signal ICs. The fiscal third-quarter earnings of the company were above the Zacks Consensus Estimate.  However, over the last one year, the stock has underperformed the Zacks characterized Semi- Analog & Mixed industry. 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.  Maxim’s exposure to the consumer and communications markets increases risks. However, the diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile.”
  • 5/29/2017 – Maxim Integrated Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Maxim is an OEM of analog and mixed signal ICs. The fiscal third-quarter earnings of the company were above the Zacks Consensus Estimate.  However, over the last one year, the stock has underperformed the Zacks characterized Semi- Analog & Mixed industry. 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.  Maxim’s exposure to the consumer and communications markets increases risks. However, the diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile.”
  • 5/26/2017 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $54.00 price target on the stock, up previously from $52.00.

Maxim Integrated Products, Inc. (MXIM) opened at 46.94 on Tuesday. The stock has a 50 day moving average of $46.83 and a 200-day moving average of $44.29. 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, Inc. has a one year low of $37.25 and a one year high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. The business had revenue of $581 million during the quarter, compared to the consensus estimate of $575.83 million. Maxim Integrated Products had a net margin of 22.16% and a return on equity of 26.73%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. Analysts anticipate that Maxim Integrated Products, Inc. will post $2.12 EPS for the current year.

In related news, CEO Tunc Doluca sold 12,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $44.49, for a total value of $533,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher J. Neil sold 51,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $44.24, for a total transaction of $2,256,240.00. The disclosure for this sale can be found here. Insiders sold 241,548 shares of company stock valued at $11,148,556 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

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.

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