Maxim Integrated Products (NASDAQ:MXIM)‘s stock had its “sell” rating reaffirmed by equities researchers at Maxim Group in a research note issued to investors on Friday, AnalystRatings.com reports.
Other equities analysts have also issued research reports about the stock. Citigroup set a $62.00 target price on shares of Maxim Integrated Products and gave the company a “hold” rating in a report on Wednesday, July 31st. ValuEngine upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Stifel Nicolaus dropped their price target on shares of Maxim Integrated Products from $61.00 to $56.00 in a research note on Thursday, August 29th. BidaskClub raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.44.
Shares of NASDAQ:MXIM traded down $0.19 during midday trading on Friday, hitting $59.59. 1,165,335 shares of the company’s stock traded hands, compared to its average volume of 1,874,266. The company has a debt-to-equity ratio of 0.54, a quick ratio of 6.18 and a current ratio of 6.84. The company has a market cap of $15.83 billion, a PE ratio of 24.52, a P/E/G ratio of 2.27 and a beta of 1.39. The firm’s fifty day moving average price is $56.21 and its two-hundred day moving average price is $56.76. Maxim Integrated Products has a twelve month low of $46.64 and a twelve month high of $65.73.
Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $559.97 million. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. As a group, equities research analysts anticipate that Maxim Integrated Products will post 2.2 EPS for the current fiscal year.
In other news, Director James R. Bergman sold 1,400 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $57.45, for a total value of $80,430.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce E. Kiddoo sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. Insiders sold a total of 114,568 shares of company stock valued at $6,581,292 in the last three months. Insiders own 0.85% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new stake in shares of Maxim Integrated Products in the 2nd quarter worth about $368,000. OLD National Bancorp IN increased its position in shares of Maxim Integrated Products by 8.5% in the 2nd quarter. OLD National Bancorp IN now owns 53,480 shares of the semiconductor company’s stock worth $3,199,000 after purchasing an additional 4,186 shares during the last quarter. FineMark National Bank & Trust bought a new stake in shares of Maxim Integrated Products in the 2nd quarter worth about $224,000. GWM Advisors LLC increased its position in shares of Maxim Integrated Products by 10.5% in the 2nd quarter. GWM Advisors LLC now owns 5,199 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 492 shares during the last quarter. Finally, Crawford Investment Counsel Inc. increased its position in shares of Maxim Integrated Products by 5.0% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 11,279 shares of the semiconductor company’s stock worth $675,000 after purchasing an additional 540 shares during the last quarter. 95.25% of the stock is owned by institutional investors.
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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