Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) have been assigned an average rating of “Hold” from the twenty-three ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $51.89.

Several equities analysts have recently weighed in on MXIM shares. B. Riley reiterated a “neutral” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a research note on Saturday, July 22nd. BidaskClub downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Loop Capital reiterated a “buy” rating and issued a $43.00 target price on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. Drexel Hamilton reiterated a “buy” rating and issued a $52.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Finally, Maxim Group reiterated a “buy” rating on shares of Maxim Integrated Products in a research note on Wednesday, September 6th.

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In other Maxim Integrated Products news, Director Robert Edward Grady sold 30,849 shares of Maxim Integrated Products stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.04, for a total transaction of $1,389,438.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $46.76, for a total transaction of $163,660.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 232,706 shares of company stock valued at $11,767,441. 1.11% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Maxim Integrated Products by 16.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 343 shares during the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of Maxim Integrated Products in the 2nd quarter worth approximately $115,000. Acrospire Investment Management LLC lifted its holdings in shares of Maxim Integrated Products by 133.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,600 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Maxim Integrated Products in the 3rd quarter worth approximately $128,000. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Maxim Integrated Products by 21.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.

Maxim Integrated Products (NASDAQ:MXIM) traded down $0.03 during midday trading on Thursday, reaching $53.51. 1,086,732 shares of the company were exchanged, compared to its average volume of 2,004,086. Maxim Integrated Products has a 1-year low of $37.32 and a 1-year high of $55.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. The stock has a market capitalization of $15,062.35, a P/E ratio of 23.78, a PEG ratio of 2.10 and a beta of 1.11.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. research analysts predict that Maxim Integrated Products will post 2.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.69%. Maxim Integrated Products’s payout ratio is presently 70.24%.

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 caters to automotive, communications and data center, computing, consumer and industrial markets.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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