Maxim Integrated Products Inc. (MXIM) Stock Rating Reaffirmed by Maxim Group

Maxim Integrated Products Inc. (NASDAQ:MXIM)‘s stock had its “hold” rating reaffirmed by equities researchers at Maxim Group in a research note issued to investors on Friday.

The analysts wrote, “MXIM delivered another round of beat/raise results with F3Q (March) sales/EPS of $581M/$0.56 besting the Street’s $576M/$0.52, and F4Q (June) guidance of $610M/ $0.62 easily ahead of consensus $598M/$0.58. Auto/industrial (~50% of sales) is driving upside. GM of 65.2% was just ahead of mgmt’s LT target and expected up another 100bps Q/Q in F4Q. Investors would typically cheer such a solid upside result/ outlook; however, mgmt commentary concerning slowing auto orders could temper enthusiasm near term. In addition to MXIM, semiconductor auto bellwethers include NXPI, ADI, and TXN.””

A number of other research firms also recently weighed in on MXIM. Jefferies Group LLC reissued a “buy” rating and set a $49.00 target price (up from $45.00) on shares of Maxim Integrated Products in a research report on Tuesday, January 31st. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price (up from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. MKM Partners started coverage on Maxim Integrated Products in a research report on Friday, April 7th. They set a “neutral” rating and a $48.00 target price on the stock. Drexel Hamilton reissued a “buy” rating and set a $52.00 target price (up from $46.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Macquarie started coverage on Maxim Integrated Products in a research report on Friday, March 31st. They set an “outperform” rating and a $52.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.28.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Maxim Integrated Products (NASDAQ:MXIM) opened at 45.45 on Friday. The company has a 50-day moving average price of $44.86 and a 200-day moving average price of $41.78. Maxim Integrated Products has a one year low of $33.38 and a one year high of $46.22. The stock has a market cap of $12.85 billion, a P/E ratio of 26.33 and a beta of 1.14.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Maxim Integrated Products had a return on equity of 24.82% and a net margin of 22.39%. The business had revenue of $581 million for the quarter, compared to the consensus estimate of $575.83 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts anticipate that Maxim Integrated Products will post $2.04 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Maxim Integrated Products Inc. (MXIM) Stock Rating Reaffirmed by Maxim Group” was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.wkrb13.com/markets/2065760/maxim-integrated-products-inc-mxim-stock-rating-reaffirmed-by-maxim-group.html.

In other news, CEO Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $44.73, for a total value of $536,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Vivek Jain sold 10,000 shares of Maxim Integrated Products stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $45.26, for a total transaction of $452,600.00. The disclosure for this sale can be found here. Insiders sold 202,058 shares of company stock valued at $8,933,685 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Maxim Integrated Products by 51.7% in the first quarter. State of Alaska Department of Revenue now owns 35,137 shares of the semiconductor company’s stock worth $1,579,000 after buying an additional 11,977 shares during the period. Nisa Investment Advisors LLC boosted its position in Maxim Integrated Products by 2.3% in the first quarter. Nisa Investment Advisors LLC now owns 136,010 shares of the semiconductor company’s stock worth $6,115,000 after buying an additional 3,010 shares during the period. DnB Asset Management AS boosted its position in Maxim Integrated Products by 7.8% in the first quarter. DnB Asset Management AS now owns 29,039 shares of the semiconductor company’s stock worth $1,306,000 after buying an additional 2,100 shares during the period. Gateway Investment Advisers LLC boosted its position in Maxim Integrated Products by 2.5% in the first quarter. Gateway Investment Advisers LLC now owns 8,690 shares of the semiconductor company’s stock worth $391,000 after buying an additional 216 shares during the period. Finally, Affinity Wealth Management purchased a new position in Maxim Integrated Products during the first quarter worth about $267,000. Institutional investors own 90.38% of the company’s stock.

Maxim Integrated Products Company Profile

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.

5 Day Chart for NASDAQ:MXIM

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2065760/maxim-integrated-products-inc-mxim-stock-rating-reaffirmed-by-maxim-group.html

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

 


Leave a Reply

 
© 2006-2017 WKRB News.