Maxim Integrated Products, Inc. (MXIM) Receives Average Rating of “Hold” from Brokerages

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) have been assigned a consensus rating of “Hold” from the twenty-three analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $52.00.

MXIM has been the subject of a number of research reports. B. Riley reissued a “neutral” rating and set a $47.00 price objective on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. Morgan Stanley reissued an “underweight” rating and set a $40.00 price objective on shares of Maxim Integrated Products in a research report on Wednesday, September 20th. Barclays lifted their price objective on Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Maxim Group lifted their price objective on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Drexel Hamilton boosted their price target on Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th.

Maxim Integrated Products (MXIM) traded up $0.71 on Friday, reaching $54.39. The company had a trading volume of 1,926,500 shares, compared to its average volume of 2,350,667. The firm has a market capitalization of $15,150.00, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.12 and a beta of 1.10. Maxim Integrated Products has a 52-week low of $38.18 and a 52-week high of $55.43. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $0.36 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.65%. Maxim Integrated Products’s payout ratio is presently 70.24%.

In other news, VP Vivek Jain sold 6,793 shares of Maxim Integrated Products stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $52.18, for a total value of $354,458.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tunc Doluca sold 21,202 shares of Maxim Integrated Products stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $52.57, for a total value of $1,114,589.14. The disclosure for this sale can be found here. Insiders sold 230,819 shares of company stock worth $12,093,336 over the last quarter. 1.11% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of MXIM. Victory Capital Management Inc. increased its stake in Maxim Integrated Products by 15.4% during the second quarter. Victory Capital Management Inc. now owns 154,697 shares of the semiconductor company’s stock valued at $6,946,000 after acquiring an additional 20,669 shares during the period. Prudential Financial Inc. grew its stake in shares of Maxim Integrated Products by 25.2% in the 2nd quarter. Prudential Financial Inc. now owns 62,035 shares of the semiconductor company’s stock valued at $2,785,000 after purchasing an additional 12,500 shares during the period. Pacer Advisors Inc. grew its stake in shares of Maxim Integrated Products by 19.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,055 shares of the semiconductor company’s stock valued at $451,000 after purchasing an additional 1,636 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Maxim Integrated Products by 6.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 36,221 shares of the semiconductor company’s stock valued at $1,626,000 after purchasing an additional 2,178 shares during the period. Finally, State of Tennessee Treasury Department grew its stake in shares of Maxim Integrated Products by 219.0% in the 2nd quarter. State of Tennessee Treasury Department now owns 159,478 shares of the semiconductor company’s stock valued at $7,161,000 after purchasing an additional 109,478 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

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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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