Pacific Crest reissued their overweight rating on shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) in a research note published on Thursday.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Several other equities analysts also recently weighed in on the stock. Jefferies Group reissued a buy rating and issued a $42.00 price target (up from $41.00) on shares of Maxim Integrated Products in a research note on Tuesday, July 26th. RBC Capital Markets reissued an outperform rating and issued a $40.00 price target on shares of Maxim Integrated Products in a research note on Monday, August 15th. Bank of America Corp. downgraded shares of Maxim Integrated Products from a buy rating to a neutral rating and decreased their price target for the stock from $41.00 to $39.00 in a research note on Monday, June 27th. BMO Capital Markets downgraded shares of Maxim Integrated Products from an outperform rating to a market perform rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Maxim Group reissued an outperform rating and issued a $40.00 price target (down from $42.00) on shares of Maxim Integrated Products in a research note on Saturday, July 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. Maxim Integrated Products has a consensus rating of Hold and an average price target of $40.14.

Shares of Maxim Integrated Products (NASDAQ:MXIM) opened at 38.66 on Thursday. Maxim Integrated Products has a 52-week low of $30.28 and a 52-week high of $42.37. The stock has a market capitalization of $10.96 billion, a PE ratio of 48.94 and a beta of 1.02. The firm has a 50-day moving average of $40.23 and a 200 day moving average of $37.59.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $566 million for the quarter, compared to the consensus estimate of $575.46 million. Maxim Integrated Products had a net margin of 10.36% and a return on equity of 22.15%. Equities research analysts forecast that Maxim Integrated Products will post $1.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.41%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, August 16th. Maxim Integrated Products’s dividend payout ratio is 169.23%.

In other news, CEO Tunc Doluca sold 6,000 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $42.00, for a total transaction of $252,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Vivek Jain sold 3,273 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $41.42, for a total transaction of $135,567.66. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MXIM. Vanguard Group Inc. raised its position in shares of Maxim Integrated Products by 4.5% in the second quarter. Vanguard Group Inc. now owns 24,392,190 shares of the company’s stock valued at $870,558,000 after buying an additional 1,054,328 shares during the last quarter. FMR LLC raised its position in shares of Maxim Integrated Products by 0.3% in the second quarter. FMR LLC now owns 21,422,164 shares of the company’s stock valued at $764,557,000 after buying an additional 71,389 shares during the last quarter. American Century Companies Inc. raised its position in shares of Maxim Integrated Products by 18.1% in the second quarter. American Century Companies Inc. now owns 9,717,183 shares of the company’s stock valued at $346,806,000 after buying an additional 1,486,323 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Maxim Integrated Products by 16.9% in the first quarter. Goldman Sachs Group Inc. now owns 8,587,243 shares of the company’s stock valued at $315,838,000 after buying an additional 1,244,517 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Maxim Integrated Products by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 8,284,543 shares of the company’s stock valued at $294,834,000 after buying an additional 230,631 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

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’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.

5 Day Chart for NASDAQ:MXIM

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.