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.
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.
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.
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.
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