Maxim Integrated Products (NASDAQ:MXIM) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the company. Maxim Group restated a “buy” rating on shares of Abeona Therapeutics in a research report on Wednesday, May 1st. MKM Partners raised their price target on Advanced Micro Devices to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada set a €145.00 ($168.60) price target on Aena SME and gave the company a “sell” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.50.

NASDAQ MXIM traded up $0.23 during trading hours on Tuesday, reaching $61.35. 1,141,800 shares of the stock traded hands, compared to its average volume of 1,910,161. The firm has a 50 day moving average price of $57.01. Maxim Integrated Products has a 1 year low of $46.64 and a 1 year high of $63.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.77 and a current ratio of 6.46. The firm has a market cap of $16.71 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.42.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.52. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The business had revenue of $542.38 million for the quarter, compared to the consensus estimate of $540.17 million. During the same quarter last year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities research analysts expect that Maxim Integrated Products will post 2.44 earnings per share for the current fiscal year.

In other news, VP Vivek Jain sold 14,246 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $60.58, for a total transaction of $863,022.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tunc Doluca sold 7,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $60.31, for a total value of $422,170.00. The disclosure for this sale can be found here. Insiders have sold 54,246 shares of company stock worth $3,243,413 over the last ninety days. Insiders own 0.85% of the company’s stock.

Large investors have recently made changes to their positions in the company. American International Group Inc. grew its stake in shares of Maxim Integrated Products by 27,390.1% in the fourth quarter. American International Group Inc. now owns 7,638,121 shares of the semiconductor company’s stock worth $388,398,000 after purchasing an additional 7,610,336 shares during the last quarter. Norges Bank bought a new stake in shares of Maxim Integrated Products in the fourth quarter worth about $142,906,000. Geode Capital Management LLC grew its stake in shares of Maxim Integrated Products by 37.6% in the fourth quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock worth $215,856,000 after purchasing an additional 1,160,574 shares during the last quarter. FIL Ltd grew its stake in shares of Maxim Integrated Products by 29.8% in the first quarter. FIL Ltd now owns 3,507,107 shares of the semiconductor company’s stock worth $186,472,000 after purchasing an additional 804,734 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Maxim Integrated Products by 36.9% in the first quarter. First Trust Advisors LP now owns 1,718,292 shares of the semiconductor company’s stock worth $91,362,000 after purchasing an additional 462,950 shares during the last quarter. 93.38% of the stock is currently owned by hedge funds and other institutional investors.

About Maxim Integrated Products

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the 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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Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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