Maxim Integrated (MXIM) Receives $55.94 Consensus Target Price from Analysts

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.

Maxim Integrated (NASDAQ:MXIM) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. Maxim Integrated had a net margin of 16.08% and a return on equity of 32.59%. The business had revenue of $623.00 million for the quarter, compared to analyst estimates of $620.46 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. sell-side analysts anticipate that Maxim Integrated will post 2.64 EPS for the current fiscal year.

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.

Analyst Recommendations for Maxim Integrated (NASDAQ:MXIM)

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