Maxim Integrated (MXIM) Receives $55.94 Consensus Price Target from Analysts

Maxim Integrated (NASDAQ:MXIM) has earned a consensus recommendation of “Hold” from the twenty-four research firms that are currently covering the stock, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.94.

Several analysts recently commented on MXIM shares. Macquarie cut Maxim Integrated from an “outperform” rating to a “neutral” rating and upped their target price for the company from $62.00 to $64.00 in a report on Wednesday, February 28th. B. Riley reiterated a “hold” rating and issued a $54.00 target price on shares of Maxim Integrated in a report on Friday, January 26th. Zacks Investment Research upgraded Maxim Integrated from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Stifel Nicolaus upped their target price on Maxim Integrated from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, ValuEngine cut Maxim Integrated from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th.

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In other Maxim Integrated news, VP Christopher J. Neil sold 3,500 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $57.96, for a total transaction of $202,860.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tunc Doluca sold 54,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $59.57, for a total value of $3,216,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 243,428 shares of company stock worth $14,784,988 over the last 90 days. Company insiders own 1.11% of the company’s stock.



Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its position in shares of Maxim Integrated by 240.9% during the fourth quarter. State of Alaska Department of Revenue now owns 127,577 shares of the semiconductor company’s stock worth $6,668,000 after purchasing an additional 90,150 shares during the period. Wells Fargo & Company MN raised its position in shares of Maxim Integrated by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,766,421 shares of the semiconductor company’s stock worth $353,748,000 after purchasing an additional 196,139 shares during the period. Renaissance Technologies LLC raised its position in shares of Maxim Integrated by 38.8% during the fourth quarter. Renaissance Technologies LLC now owns 2,261,400 shares of the semiconductor company’s stock worth $118,226,000 after purchasing an additional 632,500 shares during the period. Shell Asset Management Co. raised its position in shares of Maxim Integrated by 9.1% during the fourth quarter. Shell Asset Management Co. now owns 85,469 shares of the semiconductor company’s stock worth $4,468,000 after purchasing an additional 7,102 shares during the period. Finally, Koch Industries Inc. raised its position in shares of Maxim Integrated by 57.9% during the fourth quarter. Koch Industries Inc. now owns 20,592 shares of the semiconductor company’s stock worth $1,077,000 after purchasing an additional 7,552 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Shares of Maxim Integrated stock traded down $1.50 on Friday, hitting $54.65. The stock had a trading volume of 1,420,854 shares, compared to its average volume of 2,797,763. Maxim Integrated has a twelve month low of $43.35 and a twelve month high of $74.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.48 and a quick ratio of 4.14. The company has a market capitalization of $16,470.70, a P/E ratio of 26.49, a P/E/G ratio of 2.16 and a beta of 1.13.

Maxim Integrated (NASDAQ:MXIM) last released its quarterly earnings data 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 had a return on equity of 32.59% and a net margin of 16.08%. The company had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. equities analysts anticipate that Maxim Integrated will post 2.64 EPS for the current year.

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Maxim Integrated Company Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

Analyst Recommendations for Maxim Integrated (NASDAQ:MXIM)

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