Maxim Integrated Products (NASDAQ:MXIM) had its target price increased by research analysts at BMO Capital Markets to $55.00 in a note issued to investors on Friday. The firm currently has a “market perform” rating on the semiconductor company’s stock. BMO Capital Markets’ target price would indicate a potential downside of 6.80% from the company’s current price.
Several other research firms also recently commented on MXIM. Morgan Stanley boosted their price objective on Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Stifel Nicolaus boosted their price objective on Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a report on Friday, October 20th. Credit Suisse Group boosted their price objective on Maxim Integrated Products from $46.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a report on Monday, October 23rd. Finally, Maxim Group boosted their price objective on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Maxim Integrated Products presently has a consensus rating of “Hold” and a consensus target price of $54.29.
Shares of Maxim Integrated Products (NASDAQ:MXIM) traded up $3.89 during mid-day trading on Friday, reaching $59.01. The company’s stock had a trading volume of 6,242,379 shares, compared to its average volume of 2,258,508. The company has a market capitalization of $15,515.54, a P/E ratio of 44.37, a P/E/G ratio of 2.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. Maxim Integrated Products has a 1-year low of $41.66 and a 1-year high of $59.10.
Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Wednesday, January 24th. The semiconductor company reported $0.65 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.65. The business had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. Maxim Integrated Products had a return on equity of 31.84% and a net margin of 16.08%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. research analysts predict that Maxim Integrated Products will post 2.53 EPS for the current year.
In other Maxim Integrated Products news, VP Bruce E. Kiddoo sold 5,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.40, for a total value of $272,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William D. Watkins sold 19,650 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total value of $1,011,778.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,628 shares of company stock worth $7,943,798. 1.11% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC purchased a new position in shares of Maxim Integrated Products during the 4th quarter valued at $121,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Maxim Integrated Products during the 3rd quarter valued at $128,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Maxim Integrated Products during the 2nd quarter valued at $144,000. Toronto Dominion Bank lifted its position in shares of Maxim Integrated Products by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 375 shares during the last quarter. Finally, WFG Advisors LP lifted its position in shares of Maxim Integrated Products by 201.1% during the 2nd quarter. WFG Advisors LP now owns 3,962 shares of the semiconductor company’s stock valued at $178,000 after buying an additional 2,646 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.
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.