Headlines about Maxim Integrated Products (NASDAQ:MXIM) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Maxim Integrated Products earned a media sentiment score of 0.19 on Alpha One’s scale. Alpha One also assigned headlines about the semiconductor company an impact score of 84 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected AlphaOne’s rankings:
- Maxim Integrated Products Inc. (MXIM) Plans Quarterly Dividend of $0.33 (americanbankingnews.com)
- Maxim Integrated up after fiscal Q3 beat, solid guidance (ekosvoice.com)
- Trouble for Maxim Integrated Means Trouble for Semis (finance.yahoo.com)
- Maxim Slips: Talk of Slowing Auto Market Spooks Street (finance.yahoo.com)
- Chipmaker Maxim Falls On Slowing Automotive Chip Sales (finance.yahoo.com)
A number of analysts have issued reports on the company. Evercore ISI reaffirmed an “in-line” rating on shares of Maxim Integrated Products in a research note on Friday. B. Riley reissued a “neutral” rating and set a $44.00 price objective on shares of Maxim Integrated Products in a research report on Friday. Maxim Group reissued a “hold” rating on shares of Maxim Integrated Products in a research report on Friday. Loop Capital reissued a “buy” rating and set a $51.00 price objective (up from $50.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.50.
Shares of Maxim Integrated Products (NASDAQ:MXIM) traded down 1.17% during trading on Friday, reaching $44.92. The company had a trading volume of 8,503,892 shares. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 26.03 and a beta of 1.14. Maxim Integrated Products has a 52 week low of $33.38 and a 52 week high of $46.22. The firm has a 50-day moving average of $44.88 and a 200 day moving average of $41.82.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, April 20th. The semiconductor company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The firm earned $581 million during the quarter, compared to the consensus estimate of $575.83 million. Maxim Integrated Products had a return on equity of 24.82% and a net margin of 22.39%. Maxim Integrated Products’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, equities research analysts forecast that Maxim Integrated Products will post $2.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Tuesday, May 30th. Maxim Integrated Products’s dividend payout ratio is currently 76.30%.
In related news, VP Christopher J. Neil sold 10,000 shares of the stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $42.00, for a total value of $420,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Edwin Medlin sold 2,323 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $44.92, for a total value of $104,349.16. The disclosure for this sale can be found here. Insiders sold 202,058 shares of company stock valued at $8,933,685 in the last three months. 1.30% of the stock is currently owned by company insiders.
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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.
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