Maxim Integrated Products (NASDAQ: MXIM) recently received a number of ratings updates from brokerages and research firms:

  • 10/23/2017 – Maxim Integrated Products was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “Maxim is an OEM of analog and mixed signal ICs. The company's first-quarter earnings surpass the Zacks Consensus Estimate on the back of solid performances by industrial and automotive segments. On a year to date basis, the stock has outperformed the industry to which it belongs to. Maxim has a solid portfolio that generates steady design wins, a highly profitable and well-diversified core business, a policy of maintaining efficiency that has led to cost cutting measures and regular cash returns.  Maxim’s exposure to the consumer and communications markets increases risks. However, the diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile.”
  • 10/23/2017 – Maxim Integrated Products had its price target raised by analysts at Citigroup Inc. from $44.00 to $50.00. They now have a “neutral” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $57.00 price target on the stock, up previously from $53.00.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at Bank of America Corporation from $51.00 to $56.00. They now have a “buy” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at Credit Suisse Group from $46.00 to $53.00. They now have a “neutral” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at Drexel Hamilton from $52.00 to $60.00. They now have a “buy” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at KeyCorp from $49.00 to $57.00. They now have an “overweight” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at B. Riley from $47.00 to $50.00. They now have a “neutral” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at Maxim Group to $60.00. They now have a “buy” rating on the stock. They wrote, “MXIM reported upside results Thursday, with F1Q (Sept.) $576M/$0.66 roughly in line with the Street, while F2Q (Dec.) guidance of $620M/$0.64 was easily ahead of consensus $584M/$0.57E. Outlook was above seasonal even after a one-time positive $20M distributor sell-in change. Following two qrtrs where mgmt flagged auto softness, tone shifted with the segment up 13% Y/Y and expected up strongly in F2Q. GM came in 60bps above expectations as mgmt executes on initiatives outlined during its September presentation. Mgmt highlighted steady lead times and little sign of double-ordering while channel inventory appears in line. We view this initial read- through from an HPA bellwether as positive for the group.””
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at SunTrust Banks, Inc. to $53.00. They now have a “hold” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at Morgan Stanley from $40.00 to $42.00. They now have an “underweight” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at Stifel Nicolaus from $54.00 to $57.00. They now have a “buy” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at Wells Fargo & Company from $44.00 to $50.00. They now have a “market perform” rating on the stock.
  • 10/20/2017 – Maxim Integrated Products had its price target raised by analysts at BMO Capital Markets from $47.00 to $50.00. They now have a “market perform” rating on the stock.
  • 10/18/2017 – Maxim Integrated Products had its price target raised by analysts at Barclays PLC from $46.00 to $50.00. They now have an “equal weight” rating on the stock.
  • 10/16/2017 – Maxim Integrated Products had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $47.00 price target on the stock.
  • 9/20/2017 – Maxim Integrated Products had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock.
  • 9/12/2017 – Maxim Integrated Products had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $47.00 price target on the stock.
  • 9/6/2017 – Maxim Integrated Products had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $47.00 price target on the stock.
  • 9/6/2017 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $52.00 price target on the stock.
  • 9/6/2017 – Maxim Integrated Products had its “buy” rating reaffirmed by analysts at Maxim Group.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at 52.54 on Wednesday. The firm’s 50-day moving average price is $48.91 and its 200-day moving average price is $46.66. Maxim Integrated Products, Inc. has a 12 month low of $37.32 and a 12 month high of $53.10. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 26.54 and a beta of 1.05.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The business had revenue of $576.00 million during the quarter, compared to analyst estimates of $576.80 million. During the same period last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Maxim Integrated Products, Inc. will post $2.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.74%. Maxim Integrated Products’s dividend payout ratio is currently 70.24%.

In other news, CFO Bruce E. Kiddoo sold 22,398 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $51.68, for a total transaction of $1,157,528.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Vivek Jain sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $45.21, for a total value of $452,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,134 shares of company stock valued at $9,928,743. Company insiders own 1.11% of the company’s stock.

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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