ValuEngine lowered shares of Maxim Integrated Products (NASDAQ:MXIM) from a buy rating to a hold rating in a report issued on Wednesday.
MXIM has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an underweight rating in a research report on Wednesday, December 13th. Drexel Hamilton reaffirmed a buy rating and issued a $63.00 price objective (up previously from $60.00) on shares of Maxim Integrated Products in a research report on Friday, January 26th. SunTrust Banks reaffirmed a hold rating and issued a $63.00 price objective on shares of Maxim Integrated Products in a research report on Friday, January 26th. Stifel Nicolaus increased their price objective on shares of Maxim Integrated Products from $57.00 to $61.00 and gave the company a buy rating in a research report on Thursday, January 18th. Finally, Barclays increased their price objective on shares of Maxim Integrated Products from $55.00 to $58.00 and gave the company an equal weight rating in a research report on Friday, January 26th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Maxim Integrated Products has a consensus rating of Hold and a consensus target price of $54.86.
Maxim Integrated Products (NASDAQ MXIM) traded up $1.28 during midday trading on Wednesday, reaching $63.46. 1,578,426 shares of the company traded hands, compared to its average volume of 3,180,000. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.48 and a quick ratio of 4.14. Maxim Integrated Products has a 52-week low of $43.35 and a 52-week high of $74.94. The stock has a market capitalization of $13,850.00, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.36. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 75.68%.
In other Maxim Integrated Products news, Director James R. Bergman sold 30,300 shares of Maxim Integrated Products stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $62.40, for a total value of $1,890,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock in a transaction on Monday, December 18th. The stock was sold at an average price of $53.00, for a total transaction of $106,000.00. The disclosure for this sale can be found here. Insiders have sold 241,630 shares of company stock valued at $14,516,267 in the last three months. Corporate insiders own 1.11% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MXIM. Cerebellum GP LLC acquired a new position in Maxim Integrated Products in the fourth quarter worth $121,000. Aviance Capital Management LLC boosted its holdings in Maxim Integrated Products by 38,728.6% in the fourth quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 2,711 shares during the period. NuWave Investment Management LLC acquired a new position in Maxim Integrated Products in the fourth quarter worth $169,000. IBM Retirement Fund acquired a new position in Maxim Integrated Products in the third quarter worth $200,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in Maxim Integrated Products in the fourth quarter worth $202,000.
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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.
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