Shares of Maxim Integrated (NASDAQ:MXIM) have been assigned a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $56.56.
Several equities research analysts have recently weighed in on MXIM shares. Stifel Nicolaus upped their target price on shares of Maxim Integrated from $57.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Maxim Group reaffirmed a “hold” rating and issued a $67.00 target price on shares of Maxim Integrated in a report on Friday, January 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Maxim Integrated in a report on Friday, January 26th. B. Riley reaffirmed a “hold” rating and issued a $54.00 target price on shares of Maxim Integrated in a report on Friday, January 26th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Maxim Integrated in a report on Friday, January 26th.
Shares of MXIM traded down $1.75 during trading hours on Friday, hitting $54.40. The stock had a trading volume of 4,901,160 shares, compared to its average volume of 2,599,341. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48. Maxim Integrated has a 52 week low of $43.35 and a 52 week high of $74.94. The firm has a market cap of $15,298.04, a price-to-earnings ratio of 25.66, a PEG ratio of 2.01 and a beta of 1.13.
In other Maxim Integrated news, Director Mary Ann Wright sold 440 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $60.72, for a total transaction of $26,716.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James R. Bergman sold 30,300 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $62.40, for a total transaction of $1,890,720.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,428 shares of company stock worth $14,784,988. Insiders own 1.11% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of MXIM. Cerebellum GP LLC bought a new position in shares of Maxim Integrated in the 4th quarter valued at about $121,000. Aviance Capital Management LLC boosted its stake in shares of Maxim Integrated by 38,728.6% in the 4th quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock valued at $142,000 after purchasing an additional 2,711 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of Maxim Integrated in the 4th quarter valued at about $169,000. Laurel Wealth Advisors Inc. bought a new position in shares of Maxim Integrated in the 4th quarter valued at about $202,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Maxim Integrated in the 3rd quarter valued at about $210,000. 90.64% of the stock is currently owned by institutional investors.
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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.
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