Maxim Integrated Products, Inc. (NASDAQ:MXIM)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a note issued to investors on Friday, May 26th. They presently have a $54.00 target price on the semiconductor company’s stock, up from their prior target price of $52.00. Stifel Nicolaus’ target price would indicate a potential upside of 18.32% from the stock’s current price.
MXIM has been the subject of several other research reports. MKM Partners began coverage on shares of Maxim Integrated Products in a research report on Friday, April 7th. They issued a “neutral” rating and a $48.00 price objective for the company. Macquarie began coverage on shares of Maxim Integrated Products in a research note on Friday, March 31st. They issued an “outperform” rating and a $52.00 target price on the stock. Bank of America Corporation raised shares of Maxim Integrated Products from a “neutral” rating to a “buy” rating and reduced their target price for the company from $51.00 to $43.00 in a research note on Friday, January 27th. Zacks Investment Research lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Finally, Royal Bank Of Canada raised their target price on shares of Maxim Integrated Products from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, January 27th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Maxim Integrated Products has a consensus rating of “Buy” and an average target price of $47.39.
Maxim Integrated Products (NASDAQ MXIM) traded down 1.83% during trading on Friday, hitting $45.64. The company’s stock had a trading volume of 3,282,714 shares. The firm has a market cap of $12.90 billion, a PE ratio of 26.23 and a beta of 1.02. Maxim Integrated Products has a one year low of $33.38 and a one year high of $49.70. The company has a 50-day moving average of $46.82 and a 200 day moving average of $43.98.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. The firm had revenue of $581 million during the quarter, compared to analysts’ expectations of $575.83 million. Maxim Integrated Products had a net margin of 22.16% and a return on equity of 26.73%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, equities analysts forecast that Maxim Integrated Products will post $2.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $0.33 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.89%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 75.86%.
In related news, VP Christopher J. Neil sold 51,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $44.24, for a total transaction of $2,256,240.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William D. Watkins sold 4,200 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $44.93, for a total transaction of $188,706.00. The disclosure for this sale can be found here. Insiders sold 250,548 shares of company stock worth $11,544,456 over the last quarter. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in MXIM. Decatur Capital Management Inc. boosted its position in Maxim Integrated Products by 279.3% in the third quarter. Decatur Capital Management Inc. now owns 47,904 shares of the semiconductor company’s stock worth $1,913,000 after buying an additional 35,275 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Maxim Integrated Products during the third quarter worth approximately $463,000. M&T Bank Corp boosted its position in Maxim Integrated Products by 2.3% in the third quarter. M&T Bank Corp now owns 891,569 shares of the semiconductor company’s stock worth $35,600,000 after buying an additional 19,829 shares during the period. Bahl & Gaynor Inc. boosted its position in Maxim Integrated Products by 11.0% in the third quarter. Bahl & Gaynor Inc. now owns 1,871,393 shares of the semiconductor company’s stock worth $74,724,000 after buying an additional 186,033 shares during the period. Finally, Payden & Rygel boosted its position in Maxim Integrated Products by 30.1% in the third quarter. Payden & Rygel now owns 410,100 shares of the semiconductor company’s stock worth $16,375,000 after buying an additional 94,900 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.
About Maxim Integrated Products
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.
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