Analysts at KeyCorp began coverage on shares of Maxim Integrated Products (NASDAQ:MXIM) in a research report issued to clients and investors on Tuesday. The brokerage set a “sector weight” rating and a $68.00 price target on the semiconductor company’s stock. KeyCorp’s price target would indicate a potential upside of 13.85% from the company’s current price.

MXIM has been the topic of several other research reports. ValuEngine lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Stifel Nicolaus upped their price objective on Maxim Integrated Products from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. BMO Capital Markets upped their price objective on Maxim Integrated Products from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 27th. Finally, Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a research report on Thursday, June 14th. Sixteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $61.06.

Shares of NASDAQ MXIM opened at $59.73 on Tuesday. The company has a market capitalization of $16.55 billion, a P/E ratio of 22.04, a PEG ratio of 1.64 and a beta of 1.19. Maxim Integrated Products has a 52 week low of $46.35 and a 52 week high of $74.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.67 and a current ratio of 4.03.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, July 26th. The semiconductor company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $630.39 million. Maxim Integrated Products had a return on equity of 37.83% and a net margin of 18.84%. Maxim Integrated Products’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. sell-side analysts predict that Maxim Integrated Products will post 3.1 earnings per share for the current fiscal year.

In other news, Director Mary Ann Wright sold 440 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $60.43, for a total transaction of $26,589.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Neil sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $58.48, for a total value of $204,680.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,379 shares of company stock valued at $3,473,981. Corporate insiders own 1.11% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd acquired a new position in Maxim Integrated Products in the 1st quarter valued at $106,000. Kiley Juergens Wealth Management LLC acquired a new position in Maxim Integrated Products in the 2nd quarter valued at $117,000. Dynamic Technology Lab Private Ltd acquired a new position in Maxim Integrated Products in the 1st quarter valued at $205,000. Hilltop Holdings Inc. acquired a new position in Maxim Integrated Products in the 1st quarter valued at $218,000. Finally, Financial Gravity Wealth Inc. acquired a new position in Maxim Integrated Products in the 1st quarter valued at $236,000. 90.68% of the stock is owned by hedge funds and other institutional investors.

About Maxim Integrated Products

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

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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