Maxim Integrated Products (MXIM) Earns News Sentiment Score of 0.16
Media coverage about Maxim Integrated Products (NASDAQ:MXIM) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Maxim Integrated Products earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.2823014908961 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- MXIM January 2020 Options Begin Trading (stockoptionschannel.com)
- Maxim Integrated Products, Inc. (MXIM) Receives Hold Rating from B. Riley (americanbankingnews.com)
- Nvidia Stock Rated Buy On Data Center, AI, Self-Driving Car Markets (finance.yahoo.com)
- Investors see Higher earnings in the future Maxim Integrated Products, Inc. (MXIM) – Street Observer (press release) (streetobserver.com)
- Critical Contrast: Maxim Integrated Products (MXIM) & Its Competitors (americanbankingnews.com)
Several equities research analysts have recently commented on MXIM shares. Drexel Hamilton reaffirmed a “buy” rating and issued a $52.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Loop Capital reaffirmed a “buy” rating and issued a $53.00 target price on shares of Maxim Integrated Products in a research report on Thursday, August 31st. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 20th. Maxim Group reaffirmed a “buy” rating on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Finally, BidaskClub cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $47.29.
Maxim Integrated Products (NASDAQ MXIM) opened at 49.50 on Tuesday. Maxim Integrated Products has a 12 month low of $37.32 and a 12 month high of $49.70. The company’s 50-day moving average is $47.22 and its 200-day moving average is $46.08. The stock has a market capitalization of $13.96 billion, a PE ratio of 25.00 and a beta of 1.05.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. The company had revenue of $602.00 million during the quarter, compared to analyst estimates of $609.52 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts forecast that Maxim Integrated Products will post $2.34 EPS for the current year.
Maxim Integrated Products announced that its board has approved a stock buyback plan on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
In other news, CEO Tunc Doluca sold 12,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.60, for a total transaction of $547,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Vivek Jain sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $45.21, for a total transaction of $452,100.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,443 shares of company stock valued at $6,266,251. Insiders own 1.11% of the company’s stock.
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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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