Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) have been given a consensus recommendation of “Hold” by the twenty-two research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $51.58.

Several research analysts have weighed in on the company. Jefferies Group LLC reiterated a “buy” rating on shares of Maxim Integrated Products in a research note on Tuesday, July 11th. Wells Fargo & Company lifted their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday. BMO Capital Markets lifted their target price on Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday. BidaskClub upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, B. Riley reiterated a “hold” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a research note on Monday, October 16th.

Maxim Integrated Products (NASDAQ MXIM) traded up 3.99% during midday trading on Friday, reaching $52.09. The company’s stock had a trading volume of 4,541,274 shares. The stock’s 50 day moving average is $47.85 and its 200 day moving average is $46.26. The stock has a market cap of $14.69 billion, a P/E ratio of 26.31 and a beta of 1.05. Maxim Integrated Products has a 12-month low of $37.32 and a 12-month high of $53.10.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.64% and a net margin of 25.48%. The company had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. During the same period last year, the business posted $0.48 EPS. The company’s revenue was up 2.6% on a year-over-year basis. Analysts anticipate that Maxim Integrated Products will post $2.35 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.76%. Maxim Integrated Products’s payout ratio is 70.24%.

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In other news, Director Robert Edward Grady sold 30,849 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $45.04, for a total value of $1,389,438.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tunc Doluca sold 15,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.91, for a total value of $718,650.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,443 shares of company stock valued at $6,266,251. Insiders own 1.11% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings 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 worth $106,000 after acquiring an additional 764 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 343 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of Maxim Integrated Products in the second quarter worth $115,000. Acrospire Investment Management LLC raised its holdings in shares of Maxim Integrated Products by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Maxim Integrated Products by 21.1% in the second quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 500 shares during the last quarter. 89.49% of the stock is owned by institutional investors.

Maxim Integrated Products Company Profile

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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