Maxim Integrated Products (MXIM) Given New $61.00 Price Target at Stifel Nicolaus

Maxim Integrated Products (NASDAQ:MXIM) had its price target lifted by analysts at Stifel Nicolaus from $57.00 to $61.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 7.81% from the company’s current price.

Several other research firms have also commented on MXIM. Loop Capital reissued a “buy” rating and set a $57.00 price target (up from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Zacks Investment Research lowered Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. 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 Group boosted their price target on Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Citigroup boosted their price target on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $52.43.

Maxim Integrated Products (MXIM) traded up $0.77 during midday trading on Thursday, hitting $56.58. The stock had a trading volume of 2,609,254 shares, compared to its average volume of 1,491,504. The firm has a market cap of $15,926.54, a price-to-earnings ratio of 27.60, a P/E/G ratio of 2.22 and a beta of 1.10. Maxim Integrated Products has a fifty-two week low of $40.88 and a fifty-two week high of $56.63. The company has a quick ratio of 13.09, a current ratio of 14.14 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 for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. equities analysts expect that Maxim Integrated Products will post 2.53 earnings per share for the current fiscal year.

In other Maxim Integrated Products news, VP Vivek Jain sold 6,793 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $52.18, for a total transaction of $354,458.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $52.16, for a total value of $1,564,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 234,819 shares of company stock worth $12,313,336 over the last 90 days. 1.11% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MXIM. Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 343 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Maxim Integrated Products in the 3rd quarter valued at approximately $128,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Maxim Integrated Products in the 2nd quarter valued at approximately $144,000. Toronto Dominion Bank increased its holdings in shares of Maxim Integrated Products by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 375 shares during the last quarter. Finally, WFG Advisors LP increased its holdings in shares of Maxim Integrated Products by 201.1% in the 2nd quarter. WFG Advisors LP now owns 3,962 shares of the semiconductor company’s stock valued at $178,000 after acquiring an additional 2,646 shares during the last quarter. Institutional investors and hedge funds own 90.28% 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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