Maxim Integrated Products (NASDAQ:MXIM) had its price objective raised by Morgan Stanley from $42.00 to $44.00 in a research note published on Wednesday. Morgan Stanley currently has an underweight rating on the semiconductor company’s stock.

MXIM has been the subject of a number of other research reports. Wells Fargo & Company raised their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a market perform rating in a report on Friday, October 20th. BMO Capital Markets raised their price objective on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the company a market perform rating in a report on Friday, October 20th. B. Riley reiterated a hold rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a report on Monday, October 16th. Barclays raised their price objective on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the company an equal weight rating in a report on Wednesday, October 18th. Finally, Loop Capital reiterated a buy rating and issued a $53.00 price objective on shares of Maxim Integrated Products in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. Maxim Integrated Products presently has a consensus rating of Hold and a consensus target price of $52.24.

Shares of Maxim Integrated Products (MXIM) traded up $1.18 during midday trading on Wednesday, reaching $52.46. 2,582,128 shares of the company were exchanged, compared to its average volume of 1,400,635. The company has a market cap of $14,434.63, a price-to-earnings ratio of 22.79, a PEG 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. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $576.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS. analysts predict that Maxim Integrated Products will post 2.47 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.74%. Maxim Integrated Products’s payout ratio is 70.24%.

In other news, VP Christopher J. Neil sold 3,500 shares of the firm’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 transaction of $166,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William D. Watkins sold 19,650 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total transaction of $1,011,778.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 222,617 shares of company stock valued at $11,573,687. Company insiders own 1.11% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Maxim Integrated Products by 16.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after buying an additional 343 shares during the period. Highstreet Asset Management Inc. acquired a new stake in shares of Maxim Integrated Products during the 2nd quarter worth approximately $115,000. Acrospire Investment Management LLC grew its position in 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 valued at $126,000 after purchasing an additional 1,600 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in Maxim Integrated Products in the 3rd quarter valued at $128,000. Finally, IFP Advisors Inc grew its position 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 purchasing an additional 1,266 shares during the period. 90.48% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This story was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/maxim-integrated-products-mxim-price-target-raised-to-44-00/1768267.html.

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)

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