Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) have received a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $61.35.
Several equities research analysts recently weighed in on MXIM shares. Bank of America reiterated a “neutral” rating and issued a $67.00 target price (up previously from $60.00) on shares of Maxim Integrated Products in a research note on Wednesday, May 1st. ValuEngine lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Maxim Group reissued a “buy” rating and issued a $70.00 price target on shares of Maxim Integrated Products in a research report on Wednesday, May 1st. Cowen reissued a “market perform” rating and issued a $63.00 price target (up previously from $56.00) on shares of Maxim Integrated Products in a research report on Wednesday, May 1st. Finally, Barclays increased their price target on shares of Maxim Integrated Products from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st.
Shares of NASDAQ MXIM traded down $1.88 during mid-day trading on Friday, hitting $56.02. The company had a trading volume of 129,119 shares, compared to its average volume of 1,752,245. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.77 and a current ratio of 6.46. Maxim Integrated Products has a 12 month low of $46.64 and a 12 month high of $63.68. The stock has a market cap of $15.63 billion, a PE ratio of 20.77, a PEG ratio of 2.01 and a beta of 1.38.
Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 40.16%. The business had revenue of $542.38 million during the quarter, compared to analysts’ expectations of $540.17 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. Research analysts forecast that Maxim Integrated Products will post 2.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 30th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, May 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.
In other news, CEO Tunc Doluca sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $57.00, for a total transaction of $142,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Vivek Jain sold 14,246 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $60.58, for a total transaction of $863,022.68. The disclosure for this sale can be found here. Insiders sold 57,746 shares of company stock valued at $3,400,293 in the last three months. Company insiders own 0.85% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in shares of Maxim Integrated Products by 328.1% during the first quarter. Quadrant Capital Group LLC now owns 488 shares of the semiconductor company’s stock worth $25,000 after buying an additional 374 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Maxim Integrated Products by 76.9% during the first quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock worth $36,000 after buying an additional 297 shares in the last quarter. Sun Life Financial INC acquired a new stake in shares of Maxim Integrated Products during the fourth quarter worth approximately $39,000. Guardian Life Insurance Co. of America acquired a new stake in shares of Maxim Integrated Products during the fourth quarter worth approximately $40,000. Finally, CWM LLC increased its holdings in shares of Maxim Integrated Products by 38.5% during the first quarter. CWM LLC now owns 828 shares of the semiconductor company’s stock worth $44,000 after buying an additional 230 shares in the last quarter. 93.40% of the stock is owned by institutional investors.
About Maxim Integrated Products
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
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