BidaskClub upgraded shares of Maxim Integrated Products (NASDAQ:MXIM) from a hold rating to a buy rating in a research note released on Monday, BidAskClub reports.

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.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 40.16%. The firm had revenue of $542.38 million during the quarter, compared to the consensus estimate of $540.17 million. During the same period last year, the firm posted $0.73 EPS. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts predict that Maxim Integrated Products will post 2.44 earnings per share for the current year.

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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Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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