Maxim Integrated Products (MXIM) Earning Somewhat Positive Press Coverage, Accern Reports

Headlines about Maxim Integrated Products (NASDAQ:MXIM) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Maxim Integrated Products earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.2240341207134 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Shares of Maxim Integrated Products (MXIM) traded up $0.77 on Monday, hitting $54.03. 1,818,460 shares of the stock traded hands, compared to its average volume of 1,620,000. Maxim Integrated Products has a 12 month low of $38.18 and a 12 month high of $55.43. The company has a market capitalization of $15,210.00, a PE ratio of 26.36, a PEG ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.67%. Maxim Integrated Products’s dividend payout ratio is presently 70.24%.

MXIM has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Stifel Nicolaus raised their target price on shares of Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Credit Suisse Group raised their target price on shares of Maxim Integrated Products from $46.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a report on Monday, October 23rd. Finally, Maxim Group increased their price target on shares of Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.24.

In related news, Director William D. Watkins sold 19,650 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total transaction of $1,011,778.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tunc Doluca sold 30,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $52.16, for a total transaction of $1,564,800.00. The disclosure for this sale can be found here. Insiders have sold 230,819 shares of company stock worth $12,093,336 over the last ninety days. Insiders own 1.11% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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