Maxim Integrated Products (NASDAQ:MXIM) had its target price hoisted by equities researchers at Barclays from $55.00 to $58.00 in a research report issued on Friday. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Barclays’ price target suggests a potential downside of 1.71% from the stock’s previous close.
A number of other analysts have also commented on MXIM. B. Riley reissued a “hold” rating and set a $54.00 price objective on shares of Maxim Integrated Products in a report on Friday. Oppenheimer reissued a “hold” rating on shares of Maxim Integrated Products in a report on Friday. SunTrust Banks reissued a “hold” rating and set a $63.00 price objective on shares of Maxim Integrated Products in a report on Friday. Stifel Nicolaus boosted their price objective on Maxim Integrated Products from $57.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Maxim Group reissued a “hold” rating on shares of Maxim Integrated Products in a report on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $53.71.
Maxim Integrated Products (NASDAQ:MXIM) traded up $3.89 during mid-day trading on Friday, reaching $59.01. The company had a trading volume of 6,252,701 shares, compared to its average volume of 2,788,761. Maxim Integrated Products has a fifty-two week low of $43.08 and a fifty-two week high of $59.10. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The firm has a market cap of $15,861.79, a P/E ratio of 28.79, a P/E/G ratio of 2.17 and a beta of 1.10.
In other news, VP Bruce E. Kiddoo sold 5,000 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tunc Doluca sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $55.00, for a total value of $770,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,628 shares of company stock valued at $7,943,798. 1.11% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in Maxim Integrated Products by 12.1% during the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 375 shares during the period. Prudential PLC grew its holdings in Maxim Integrated Products by 9.4% during the second quarter. Prudential PLC now owns 5,800 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 500 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Maxim Integrated Products by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 10,323 shares of the semiconductor company’s stock valued at $464,000 after purchasing an additional 617 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Maxim Integrated Products by 18.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,371 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 973 shares during the period. Finally, Hallmark Capital Management Inc. grew its holdings in Maxim Integrated Products by 3.2% during the third quarter. Hallmark Capital Management Inc. now owns 33,540 shares of the semiconductor company’s stock valued at $1,600,000 after purchasing an additional 1,025 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This story was posted by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/26/maxim-integrated-products-mxim-price-target-increased-to-58-00-by-analysts-at-barclays.html.
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.
