Maxim Integrated Products, Inc. (NASDAQ:MXIM)‘s stock had its “mkt perform” rating restated by Raymond James Financial, Inc. in a research note issued on Friday, Marketbeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Loop Capital reiterated a “buy” rating and issued a $51.00 target price (up from $50.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective (up from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Drexel Hamilton restated a “buy” rating and set a $52.00 price objective (up from $46.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, March 28th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $47.39.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Maxim Integrated Products (MXIM) opened at 46.49 on Friday. The firm has a 50 day moving average of $46.82 and a 200-day moving average of $43.98. Maxim Integrated Products has a 52 week low of $33.38 and a 52 week high of $49.70. The stock has a market capitalization of $13.14 billion, a PE ratio of 26.72 and a beta of 1.02.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, April 20th. The semiconductor company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. The business had revenue of $581 million during the quarter, compared to analysts’ expectations of $575.83 million. Maxim Integrated Products had a net margin of 22.16% and a return on equity of 26.73%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. On average, equities analysts predict that Maxim Integrated Products will post $2.12 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, May 30th. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 75.86%.

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In other news, CEO Tunc Doluca sold 24,500 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $44.59, for a total value of $1,092,455.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Neil sold 51,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $44.24, for a total transaction of $2,256,240.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 250,548 shares of company stock valued at $11,544,456. 1.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P raised its position in Maxim Integrated Products by 177.8% in the fourth quarter. Martingale Asset Management L P now owns 126,255 shares of the semiconductor company’s stock valued at $4,871,000 after buying an additional 80,815 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Maxim Integrated Products during the fourth quarter valued at approximately $458,000. Tredje AP fonden acquired a new position in Maxim Integrated Products during the fourth quarter valued at approximately $296,000. Dimensional Fund Advisors LP raised its position in Maxim Integrated Products by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 620,466 shares of the semiconductor company’s stock valued at $23,934,000 after buying an additional 40,207 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Maxim Integrated Products during the fourth quarter valued at approximately $440,000. 89.52% of the stock is owned by institutional investors and hedge funds.

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 caters to automotive, communications and data center, computing, consumer and industrial markets.

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