Maxim Integrated Products (NASDAQ:MXIM) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other research firms have also recently issued reports on MXIM. Citigroup dropped their price objective on Maxim Integrated Products from $59.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, April 30th. Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a report on Thursday, June 14th. Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Monday, April 30th. Loop Capital assumed coverage on Maxim Integrated Products in a report on Friday, June 22nd. They issued a “buy” rating and a $70.00 target price for the company. Finally, KeyCorp upped their target price on Maxim Integrated Products from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Maxim Integrated Products currently has an average rating of “Hold” and a consensus price target of $61.61.

MXIM opened at $59.99 on Thursday. Maxim Integrated Products has a 52-week low of $43.42 and a 52-week high of $74.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.16 and a quick ratio of 3.82. The firm has a market cap of $17.17 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Maxim Integrated Products had a return on equity of 37.83% and a net margin of 18.84%. The company had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $630.39 million. During the same quarter in the previous year, the business earned $0.63 EPS. Maxim Integrated Products’s revenue was up 5.2% compared to the same quarter last year. research analysts forecast that Maxim Integrated Products will post 3.11 earnings per share for the current fiscal year.

In related news, insider Bryan Preeshl sold 1,199 shares of the company’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $60.63, for a total transaction of $72,695.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sumeet Gagneja sold 796 shares of the company’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $58.59, for a total value of $46,637.64. The disclosure for this sale can be found here. Insiders sold a total of 47,969 shares of company stock valued at $2,969,664 over the last quarter. Company insiders own 1.11% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MXIM. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Maxim Integrated Products during the 1st quarter worth $106,000. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Maxim Integrated Products during the 2nd quarter worth $117,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Maxim Integrated Products during the 1st quarter worth $205,000. Cigna Investments Inc. New purchased a new stake in shares of Maxim Integrated Products during the 1st quarter worth $209,000. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Maxim Integrated Products during the 1st quarter worth $218,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Maxim Integrated Products Company Profile

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

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Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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