Research Analysts’ Weekly Ratings Changes for Maxim Integrated Products (MXIM)

A number of research firms have changed their ratings and price targets for Maxim Integrated Products (NASDAQ: MXIM):

  • 1/31/2018 – Maxim Integrated Products had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 1/30/2018 – Maxim Integrated Products was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal” rating. They now have a $44.00 price target on the stock.
  • 1/29/2018 – Maxim Integrated Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Maxim has a solid portfolio that generates steady design wins, a highly profitable and well-diversified core business, a policy of maintaining efficiency that has led to cost cutting measures and regular cash returns. The diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile. However, Maxim’s exposure to the consumer and communications markets increases risks. High dependence on Samsung poses significant threat for the company. On a 12-month basis, the stock has outperformed the industry to which it belongs to.”
  • 1/26/2018 – Maxim Integrated Products had its price target raised by analysts at BMO Capital Markets to $55.00. They now have a “market perform” rating on the stock.
  • 1/26/2018 – Maxim Integrated Products had its price target raised by analysts at Barclays PLC from $55.00 to $58.00. They now have an “equal weight” rating on the stock.
  • 1/26/2018 – Maxim Integrated Products had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $63.00 price target on the stock.
  • 1/26/2018 – Maxim Integrated Products had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/26/2018 – Maxim Integrated Products had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $54.00 price target on the stock.
  • 1/26/2018 – Maxim Integrated Products had its price target raised by analysts at Stifel Nicolaus from $61.00 to $63.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $63.00 price target on the stock, up previously from $60.00.
  • 1/26/2018 – Maxim Integrated Products had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $67.00 price target on the stock. They wrote, “MXIM reported upside results with F2Q (Dec) $623M/$0.65 edging the Street’s $621M/$0.65E. F3Q (Mar) outlook impressed further, with expected sales/EPS of $640M/$0.69 vs. consensus $602M/$0.63E. Importantly, the magnitude of the raise was more pronounced vs. TXN’s, with growth expected across all core segments. Auto/Industrial (50% combined) grew double-digits (%) in F2Q and expected up again strongly in F3Q. Consumer is also expected up significantly ahead of Samsung’s latest flagship launch. GM was 90bps above expectations and should drift higher going forward. Mgmt highlighted steady lead times, in-line channel inventory and few signs of double-ordering. Mgmt’s focus on FCF is bearing fruit, evidenced by the decision to increase return from 80% to 100%. At current levels we see risk/reward balanced and remain sidelined for now.””
  • 1/18/2018 – Maxim Integrated Products had its price target raised by analysts at Stifel Nicolaus from $57.00 to $61.00. They now have a “buy” rating on the stock.
  • 12/20/2017 – Maxim Integrated Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Maxim has a solid portfolio that generates steady design wins, a highly profitable and well-diversified core business, a policy of maintaining efficiency that has led to cost cutting measures and regular cash returns. The diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile. However, Maxim’s exposure to the consumer and communications markets increases risks. High dependence on Samsung poses significant threat for the company. On a year to date basis, the stock has outperformed the industry to which it belongs to.”

Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at $57.95 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.48 and a quick ratio of 4.14. Maxim Integrated Products Inc. has a 12 month low of $43.35 and a 12 month high of $74.94. The company has a market capitalization of $12,645.50, a PE ratio of 43.57, a PEG ratio of 2.14 and a beta of 1.20.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The firm had revenue of $623.00 million for the quarter, compared to the consensus estimate of $620.46 million. During the same quarter last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. research analysts expect that Maxim Integrated Products Inc. will post 2.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.90%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.36. Maxim Integrated Products’s dividend payout ratio (DPR) is 108.27%.

In related news, VP Vivek Jain sold 1,793 shares of Maxim Integrated Products stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $53.28, for a total transaction of $95,531.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Wright sold 560 shares of Maxim Integrated Products stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $53.79, for a total value of $30,122.40. The disclosure for this sale can be found here. Insiders sold 234,749 shares of company stock worth $13,647,197 in the last ninety days. Corporate insiders own 1.11% of the company’s stock.

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.

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