Maxim Integrated Products (NASDAQ:MXIM) had its target price raised by analysts at Morgan Stanley from $42.00 to $44.00 in a research note issued to investors on Wednesday. The firm presently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 14.20% from the company’s current price.

Several other equities analysts also recently commented on MXIM. B. Riley restated a “neutral” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. SunTrust Banks boosted their price objective on Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a research report on Friday, October 20th. Barclays boosted their price objective on Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Loop Capital restated a “buy” rating and issued a $57.00 price objective (up from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Finally, KeyCorp boosted their price objective on Maxim Integrated Products from $49.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Maxim Integrated Products currently has a consensus rating of “Hold” and an average price target of $52.24.

Shares of Maxim Integrated Products (NASDAQ MXIM) opened at $51.28 on Wednesday. Maxim Integrated Products has a fifty-two week low of $38.18 and a fifty-two week high of $55.43. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $14,409.30, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarter in the previous year, the company posted $0.48 earnings per share. Maxim Integrated Products’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts expect that Maxim Integrated Products will post 2.47 EPS for the current fiscal year.

In other Maxim Integrated Products news, Director William D. Watkins sold 19,650 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total transaction of $1,011,778.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher J. Neil sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $51.77, for a total value of $181,195.00. The disclosure for this sale can be found here. Insiders sold 222,617 shares of company stock worth $11,573,687 over the last quarter. 1.11% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MXIM. Candriam Luxembourg S.C.A. bought a new stake in Maxim Integrated Products during the second quarter worth approximately $261,000. IFP Advisors Inc grew its stake in shares of Maxim Integrated Products by 68.5% during the second quarter. IFP Advisors Inc now owns 3,114 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,266 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Maxim Integrated Products by 52.5% during the second quarter. Canada Pension Plan Investment Board now owns 372,202 shares of the semiconductor company’s stock valued at $16,712,000 after buying an additional 128,100 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Maxim Integrated Products by 20.8% during the second quarter. Teacher Retirement System of Texas now owns 46,627 shares of the semiconductor company’s stock valued at $2,094,000 after buying an additional 8,036 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its stake in shares of Maxim Integrated Products by 14.1% during the second quarter. State of Wisconsin Investment Board now owns 304,154 shares of the semiconductor company’s stock valued at $13,657,000 after buying an additional 37,648 shares during the last quarter. 90.48% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Morgan Stanley Increases Maxim Integrated Products (MXIM) Price Target to $44.00” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/12/15/morgan-stanley-increases-maxim-integrated-products-mxim-price-target-to-44-00.html.

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.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.