Brokerages Set Maxim Integrated Products, Inc. (MXIM) PT at $51.89
Maxim Integrated Products, Inc. (NASDAQ:MXIM) has been given a consensus rating of “Hold” by the twenty-three brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $52.00.
A number of brokerages recently commented on MXIM. B. Riley reiterated a “neutral” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. Morgan Stanley boosted their target price on Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday. Drexel Hamilton boosted their target price on Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. SunTrust Banks boosted their target price on Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a research report on Friday, October 20th. Finally, Citigroup boosted their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd.
Shares of Maxim Integrated Products (NASDAQ MXIM) traded up $1.18 during mid-day trading on Monday, reaching $52.46. The company had a trading volume of 2,582,128 shares, compared to its average volume of 1,400,635. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. The firm has a market capitalization of $14,434.63, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. Maxim Integrated Products has a 1 year low of $38.18 and a 1 year high of $55.43.
Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million during the quarter, compared to analyst estimates of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. analysts expect that Maxim Integrated Products will post 2.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 70.24%.
In other Maxim Integrated Products news, Director Mary Ann Wright sold 560 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.79, for a total value of $30,122.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher J. Neil sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $47.50, for a total value of $166,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 222,617 shares of company stock worth $11,573,687 in the last quarter. 1.11% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXIM. CIBC Asset Management Inc lifted its stake in Maxim Integrated Products by 4.6% in the 2nd quarter. CIBC Asset Management Inc now owns 23,336 shares of the semiconductor company’s stock valued at $1,048,000 after acquiring an additional 1,024 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Maxim Integrated Products by 14.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the semiconductor company’s stock valued at $391,000 after acquiring an additional 1,100 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new stake in Maxim Integrated Products in the 2nd quarter valued at approximately $261,000. IFP Advisors Inc lifted its stake in Maxim Integrated Products by 68.5% in the 2nd quarter. IFP Advisors Inc now owns 3,114 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,266 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Maxim Integrated Products by 52.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 372,202 shares of the semiconductor company’s stock valued at $16,712,000 after acquiring an additional 128,100 shares in the last quarter. Hedge funds and other institutional investors own 90.48% of the company’s stock.
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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.
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