Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) have earned a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $46.73.

A number of equities analysts recently weighed in on MXIM shares. Drexel Hamilton restated a “buy” rating and set a $52.00 target price (up previously from $46.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective (up previously from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Jefferies Group LLC reiterated a “buy” rating and set a $49.00 price objective (up previously from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Loop Capital reiterated a “buy” rating and set a $51.00 price objective (up previously from $50.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research report on Friday, April 21st.

In related news, VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.67, for a total value of $159,845.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tunc Doluca sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.60, for a total transaction of $547,200.00. The disclosure for this sale can be found here. Insiders sold a total of 167,548 shares of company stock worth $7,870,211 in the last ninety days. 1.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MXIM. Proficio Capital Partners LLC increased its position in 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 in the last quarter. Duncker Streett & Co. Inc. increased its position in 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 worth $107,000 after buying an additional 870 shares during the period. Highstreet Asset Management Inc. acquired a new position in Maxim Integrated Products during the second quarter worth approximately $115,000. TrimTabs Asset Management LLC increased its position in 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 worth $128,000 after buying an additional 1,344 shares during the period. Finally, Toronto Dominion Bank increased its position in Maxim Integrated Products by 26.1% in the first quarter. Toronto Dominion Bank now owns 3,099 shares of the semiconductor company’s stock worth $139,000 after buying an additional 642 shares during the period. 89.73% of the stock is currently owned by institutional investors.

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Maxim Integrated Products (MXIM) traded down 1.05% during mid-day trading on Tuesday, hitting $45.28. 1,959,520 shares of the stock were exchanged. The company has a 50-day moving average of $45.69 and a 200-day moving average of $45.35. Maxim Integrated Products has a 52 week low of $37.25 and a 52 week high of $49.70. The stock has a market capitalization of $12.80 billion, a PE ratio of 22.87 and a beta of 1.04.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%. The firm had revenue of $602 million during the quarter, compared to analyst estimates of $609.52 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. Maxim Integrated Products’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts predict that Maxim Integrated Products will post $2.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s dividend payout ratio (DPR) is 66.33%.

Maxim Integrated Products declared that its board has approved a stock buyback program on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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)

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