Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) have been given an average rating of “Hold” by the twenty-five brokerages that are covering the firm, Marketbeat Ratings reports. Seventeen analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $55.50.
Several equities research analysts recently weighed in on the company. Morgan Stanley raised 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. Drexel Hamilton reissued a “buy” rating and set a $63.00 price objective (up previously from $60.00) on shares of Maxim Integrated Products in a report on Friday, January 26th. SunTrust Banks reissued a “hold” rating and set a $63.00 price objective on shares of Maxim Integrated Products in a report on Friday, January 26th. Stifel Nicolaus raised their price objective on Maxim Integrated Products from $57.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Barclays raised their price objective on Maxim Integrated Products from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, January 26th.
In other Maxim Integrated Products news, CEO Tunc Doluca sold 21,202 shares of Maxim Integrated Products stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $52.57, for a total transaction of $1,114,589.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $52.56, for a total value of $183,960.00. The disclosure for this sale can be found here. Insiders have sold a total of 239,630 shares of company stock worth $14,410,267 over the last ninety days. Company insiders own 1.11% of the company’s stock.
Shares of MXIM stock traded down $0.29 on Wednesday, hitting $61.42. The stock had a trading volume of 1,672,251 shares, compared to its average volume of 2,887,068. Maxim Integrated Products has a one year low of $43.35 and a one year high of $74.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48. The company has a market cap of $17,249.67, a price-to-earnings ratio of 46.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $620.46 million. During the same quarter last year, the company posted $0.46 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts expect that Maxim Integrated Products will post 2.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 2.74%. Maxim Integrated Products’s payout ratio is presently 126.32%.
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.
Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.