Stifel Nicolaus Boosts Maxim Integrated Products (MXIM) Price Target to $63.00

Maxim Integrated Products (NASDAQ:MXIM) had its price objective boosted by analysts at Stifel Nicolaus from $61.00 to $63.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 14.30% from the stock’s current price.

MXIM has been the subject of several other reports. Morgan Stanley increased their target price on shares of Maxim Integrated Products from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. Wells Fargo & Co increased their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. KeyCorp increased their target price on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Finally, Bank of America increased their target price on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Maxim Integrated Products currently has a consensus rating of “Hold” and a consensus target price of $52.67.

Shares of Maxim Integrated Products (NASDAQ:MXIM) opened at $55.12 on Friday. Maxim Integrated Products has a 52-week low of $41.66 and a 52-week high of $58.04. The company has a market cap of $15,861.79, a PE ratio of 26.89, a PEG ratio of 2.17 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 (NASDAQ:MXIM) last released its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.65 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. The firm had revenue of $623.00 million during the quarter, compared to analyst estimates of $620.46 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. sell-side analysts expect that Maxim Integrated Products will post 2.53 earnings per share for the current fiscal year.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $55.00, for a total value of $220,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Wright sold 560 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was 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 a total of 150,628 shares of company stock valued at $7,943,798 over the last 90 days. 1.11% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MXIM. Cerebellum GP LLC bought a new position in shares of Maxim Integrated Products during the 4th quarter valued at approximately $121,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Maxim Integrated Products during the 3rd quarter valued at approximately $128,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Maxim Integrated Products during the 2nd quarter valued at approximately $144,000. Toronto Dominion Bank boosted 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 acquiring an additional 375 shares during the last quarter. Finally, WFG Advisors LP boosted 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 acquiring an additional 2,646 shares during the last quarter. Hedge funds and other institutional investors own 90.23% 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.