Maxim Integrated Products (MXIM) PT Raised to $44.00

Maxim Integrated Products (NASDAQ:MXIM) had its price objective hoisted by Morgan Stanley from $42.00 to $44.00 in a research report report published on Wednesday. The brokerage currently has an underweight rating on the semiconductor company’s stock.

A number of other research firms have also weighed in on MXIM. Zacks Investment Research lowered shares of Maxim Integrated Products from a buy rating to a hold rating in a report on Monday, November 13th. Citigroup upped their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a neutral rating in a report on Monday, October 23rd. Loop Capital reissued a buy rating and issued a $57.00 price target (up previously from $53.00) on shares of Maxim Integrated Products in a research note on Friday, October 20th. B. Riley boosted their price target on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the stock a neutral rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus boosted their price target on shares of Maxim Integrated Products from $54.00 to $57.00 and gave the stock a buy rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $52.24.

Shares of Maxim Integrated Products (NASDAQ:MXIM) opened at $52.46 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. The firm has a market cap of $14,766.81, a P/E ratio of 23.32, a P/E/G ratio of 2.07 and a beta of 1.10. Maxim Integrated Products has a twelve month low of $38.18 and a twelve month high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. Maxim Integrated Products’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. analysts forecast that Maxim Integrated Products will post 2.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.74%. Maxim Integrated Products’s dividend payout ratio (DPR) is 70.24%.

In other news, Director William D. Watkins sold 19,650 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total value of $1,011,778.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Ann Wright sold 560 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.79, for a total transaction of $30,122.40. The disclosure for this sale can be found here. Insiders sold a total of 222,617 shares of company stock valued at $11,573,687 in the last ninety days. 1.11% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Maxim Integrated Products by 483.2% in the 2nd quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock valued at $100,403,000 after purchasing an additional 1,852,730 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Maxim Integrated Products by 1,402.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock valued at $16,307,000 after purchasing an additional 339,024 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Maxim Integrated Products by 9.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock valued at $8,572,000 after purchasing an additional 16,744 shares in the last quarter. Shelton Capital Management boosted its position in Maxim Integrated Products by 24.6% during the 2nd quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock valued at $958,000 after buying an additional 4,218 shares during the period. Finally, Federated Investors Inc. PA boosted its position in Maxim Integrated Products by 1,536.5% during the 2nd quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock valued at $14,706,000 after buying an additional 307,509 shares during the period. 90.48% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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