Maxim Integrated Products (NASDAQ:MXIM) Upgraded to Buy by BidaskClub
Several other equities analysts also recently issued reports on MXIM. Barclays lifted their price target on shares of Shopify from $155.00 to $225.00 and gave the company an equal weight rating in a report on Wednesday, May 1st. ValuEngine upgraded shares of Zogenix from a buy rating to a strong-buy rating in a research report on Thursday, June 27th. Deutsche Bank cut shares of Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Cowen restated a hold rating and issued a $103.00 price objective on shares of United Therapeutics in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada set a €145.00 ($168.60) price objective on shares of Aena SME and gave the company a sell rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $61.50.
Shares of MXIM stock opened at $62.16 on Monday. Maxim Integrated Products has a 12-month low of $46.64 and a 12-month high of $63.68. The company has a market cap of $16.88 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.98 and a beta of 1.42. The company’s 50-day moving average price is $58.36. The company has a quick ratio of 5.77, a current ratio of 6.46 and a debt-to-equity ratio of 0.60.
In other news, VP Bruce E. Kiddoo sold 5,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $58.52, for a total transaction of $292,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tunc Doluca sold 7,000 shares of Maxim Integrated Products stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $60.31, for a total transaction of $422,170.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,246 shares of company stock valued at $2,403,413. 0.85% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of MXIM. Norges Bank acquired a new stake in shares of Maxim Integrated Products during the 4th quarter worth approximately $142,906,000. Geode Capital Management LLC grew its holdings in Maxim Integrated Products by 37.6% during the fourth quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock valued at $215,856,000 after purchasing an additional 1,160,574 shares during the period. FIL Ltd grew its holdings in Maxim Integrated Products by 29.8% during the first quarter. FIL Ltd now owns 3,507,107 shares of the semiconductor company’s stock valued at $186,472,000 after purchasing an additional 804,734 shares during the period. First Trust Advisors LP grew its holdings in Maxim Integrated Products by 36.9% during the first quarter. First Trust Advisors LP now owns 1,718,292 shares of the semiconductor company’s stock valued at $91,362,000 after purchasing an additional 462,950 shares during the period. Finally, NN Investment Partners Holdings N.V. grew its holdings in Maxim Integrated Products by 311.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 514,154 shares of the semiconductor company’s stock valued at $30,757,000 after purchasing an additional 389,252 shares during the period. Institutional investors own 93.56% 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, 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.
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