Pacific Crest reiterated their overweight rating on shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) in a report published on Thursday.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Several other analysts also recently weighed in on MXIM. B. Riley reissued a neutral rating and set a $40.00 target price on shares of Maxim Integrated Products in a research report on Monday, July 25th. Goldman Sachs Group Inc. assumed coverage on shares of Maxim Integrated Products in a research report on Thursday, June 2nd. They set a neutral rating and a $35.00 target price on the stock. Royal Bank Of Canada downgraded shares of Maxim Integrated Products from an outperform rating to a sector perform rating in a research report on Wednesday, September 7th. MKM Partners boosted their target price on shares of Maxim Integrated Products from $38.00 to $40.00 and gave the stock a neutral rating in a research report on Friday, July 22nd. Finally, Drexel Hamilton reissued a buy rating and set a $42.00 target price on shares of Maxim Integrated Products in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $39.68.

Shares of Maxim Integrated Products (NASDAQ:MXIM) opened at 38.68 on Thursday. The firm has a 50-day moving average of $40.30 and a 200-day moving average of $37.56. The company has a market capitalization of $10.97 billion, a P/E ratio of 48.96 and a beta of 1.02. Maxim Integrated Products has a one year low of $30.28 and a one year high of $42.37.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 21st. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $566 million for the quarter, compared to the consensus estimate of $575.46 million. Maxim Integrated Products had a net margin of 10.36% and a return on equity of 22.15%. Analysts forecast that Maxim Integrated Products will post $1.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.41%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.30. Maxim Integrated Products’s dividend payout ratio is currently 169.23%.

In other Maxim Integrated Products news, Director William D. Watkins sold 60,786 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $41.08, for a total transaction of $2,497,088.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A R. Frank Wazzan sold 1,000 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $40.77, for a total transaction of $40,770.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC raised its position in shares of Maxim Integrated Products by 87.8% in the second quarter. Global X Management Co. LLC now owns 2,824 shares of the company’s stock valued at $101,000 after buying an additional 1,320 shares during the period. IFP Advisors Inc raised its position in shares of Maxim Integrated Products by 31.3% in the second quarter. IFP Advisors Inc now owns 2,874 shares of the company’s stock valued at $103,000 after buying an additional 685 shares during the period. Advisor Group Inc. bought a new position in shares of Maxim Integrated Products during the second quarter valued at $110,000. Tower Research Capital LLC TRC raised its position in shares of Maxim Integrated Products by 432.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,897 shares of the company’s stock valued at $139,000 after buying an additional 3,165 shares during the period. Finally, Mizuho Asset Management Co. Ltd. raised its position in shares of Maxim Integrated Products by 125.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,233 shares of the company’s stock valued at $151,000 after buying an additional 2,354 shares during the period. 90.51% of the stock is owned by institutional investors.

Maxim Integrated Products Company Profile

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’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.

5 Day Chart for NASDAQ:MXIM

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