Maxim Integrated Products (NASDAQ:MXIM) Given Daily Media Impact Score of 0.23

Media coverage about Maxim Integrated Products (NASDAQ:MXIM) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Maxim Integrated Products earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 47.6880550603779 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

Several research firms recently issued reports on MXIM. BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. B. Riley reissued a “neutral” rating and set a $47.00 target price on shares of Maxim Integrated Products in a research note on Saturday, July 22nd. Morgan Stanley increased their target price on Maxim Integrated Products from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Monday, July 17th. Jefferies Group LLC reissued a “buy” rating on shares of Maxim Integrated Products in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Maxim Integrated Products currently has a consensus rating of “Hold” and an average target price of $47.61.

Maxim Integrated Products (NASDAQ MXIM) traded up 1.12% on Friday, reaching $44.39. The company had a trading volume of 1,725,613 shares. The stock has a 50 day moving average of $45.51 and a 200 day moving average of $45.48. The firm has a market capitalization of $12.55 billion, a PE ratio of 22.42 and a beta of 1.04. Maxim Integrated Products has a 12 month low of $37.25 and a 12 month high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.45% and a net margin of 24.90%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $609.52 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Maxim Integrated Products’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Maxim Integrated Products will post $2.34 EPS for the current year.

Maxim Integrated Products announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 7.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.44 annualized dividend and a yield of 3.24%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s dividend payout ratio is presently 66.33%.

In other news, CEO Tunc Doluca sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $49.00, for a total transaction of $294,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $46.33, for a total value of $1,158,250.00. The disclosure for this sale can be found here. Insiders have sold 167,548 shares of company stock valued at $7,870,211 over the last ninety days. Corporate insiders own 1.30% 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.

Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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