Analysts Set Maxim Integrated (MXIM) PT at $55.94

Shares of Maxim Integrated (NASDAQ:MXIM) have earned an average rating of “Hold” from the twenty-four brokerages that are presently covering the company, Marketbeat reports. Fifteen investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $55.94.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of Maxim Integrated from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $63.00 price objective (up previously from $60.00) on shares of Maxim Integrated in a research note on Friday, January 26th. SunTrust Banks reaffirmed a “hold” rating and set a $63.00 price objective on shares of Maxim Integrated in a research note on Friday, January 26th. Stifel Nicolaus upped their price objective on shares of Maxim Integrated from $57.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Barclays upped their price objective on shares of Maxim Integrated from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th.

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NASDAQ MXIM opened at $58.99 on Friday. Maxim Integrated has a 12 month low of $43.35 and a 12 month high of $74.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.48 and a quick ratio of 4.14. The stock has a market cap of $16,338.53, a PE ratio of 27.83, a P/E/G ratio of 2.15 and a beta of 1.13.

Maxim Integrated (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.65. Maxim Integrated had a net margin of 16.08% and a return on equity of 32.59%. The company had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts expect that Maxim Integrated will post 2.64 earnings per share for the current fiscal year.

In other Maxim Integrated news, VP Christopher J. Neil sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $57.96, for a total value of $202,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bruce E. Kiddoo sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $62.27, for a total value of $622,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 243,428 shares of company stock valued at $14,784,988. 1.11% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Maxim Integrated by 240.9% in the 4th quarter. State of Alaska Department of Revenue now owns 127,577 shares of the semiconductor company’s stock worth $6,668,000 after acquiring an additional 90,150 shares during the period. Wells Fargo & Company MN boosted its holdings in Maxim Integrated by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,766,421 shares of the semiconductor company’s stock worth $353,748,000 after acquiring an additional 196,139 shares during the period. Renaissance Technologies LLC boosted its holdings in Maxim Integrated by 38.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,261,400 shares of the semiconductor company’s stock worth $118,226,000 after acquiring an additional 632,500 shares during the period. Shell Asset Management Co. boosted its holdings in Maxim Integrated by 9.1% in the 4th quarter. Shell Asset Management Co. now owns 85,469 shares of the semiconductor company’s stock worth $4,468,000 after acquiring an additional 7,102 shares during the period. Finally, Koch Industries Inc. boosted its holdings in Maxim Integrated by 57.9% in the 4th quarter. Koch Industries Inc. now owns 20,592 shares of the semiconductor company’s stock worth $1,077,000 after acquiring an additional 7,552 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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About Maxim Integrated

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

Analyst Recommendations for Maxim Integrated (NASDAQ:MXIM)

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