Maxim Integrated Products (NASDAQ:MXIM) had its price target increased by investment analysts at Morgan Stanley from $42.00 to $44.00 in a note issued to investors on Wednesday. The brokerage presently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective points to a potential downside of 14.48% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. B. Riley reiterated a “neutral” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. Drexel Hamilton upped their price objective on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. SunTrust Banks upped their price objective on shares of Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a research report on Friday, October 20th. Citigroup upped their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Finally, Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.24.

Maxim Integrated Products (MXIM) traded down $0.74 during trading hours on Wednesday, reaching $51.45. 1,578,100 shares of the company’s stock traded hands, compared to its average volume of 2,039,335. Maxim Integrated Products has a one year low of $38.18 and a one year high of $55.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. The stock has a market capitalization of $14,690.79, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The company had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. research analysts predict that Maxim Integrated Products will post 2.47 EPS for the current year.

In related news, Director Mary Ann Wright sold 560 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.79, for a total transaction of $30,122.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Watkins sold 19,650 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total transaction of $1,011,778.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 222,617 shares of company stock valued at $11,573,687. Insiders own 1.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Maxim Integrated Products by 16.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 343 shares during the period. Highstreet Asset Management Inc. purchased a new stake in shares of Maxim Integrated Products in the 2nd quarter valued at approximately $115,000. Acrospire Investment Management LLC grew its stake in shares of Maxim Integrated Products by 133.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,600 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Maxim Integrated Products in the 3rd quarter valued at approximately $128,000. Finally, IFP Advisors Inc grew its stake in shares of Maxim Integrated Products by 68.5% in the 2nd quarter. IFP Advisors Inc now owns 3,114 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,266 shares during the period. 90.48% of the stock is owned by institutional investors.

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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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