Maxim Integrated Products (NASDAQ:MXIM) had its target price increased by Stifel Nicolaus from $57.00 to $61.00 in a report published on Thursday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages have also commented on MXIM. Loop Capital reissued a buy rating and set a $57.00 price target (up from $53.00) on shares of Maxim Integrated Products in a research note on Friday, October 20th. Zacks Investment Research downgraded Maxim Integrated Products from a hold rating to a sell rating in a research report on Wednesday, December 20th. Drexel Hamilton raised their price objective on Maxim Integrated Products from $52.00 to $60.00 and gave the stock a buy rating in a research report on Friday, October 20th. Maxim Group raised their price objective on Maxim Integrated Products to $60.00 and gave the stock a buy rating in a research report on Friday, October 20th. Finally, Citigroup raised their price objective on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a neutral rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Maxim Integrated Products currently has an average rating of Hold and an average target price of $52.43.

Shares of Maxim Integrated Products (MXIM) traded up $0.77 during mid-day trading on Thursday, hitting $56.58. The stock had a trading volume of 2,609,254 shares, compared to its average volume of 1,491,504. Maxim Integrated Products has a 12-month low of $40.88 and a 12-month high of $56.63. The firm has a market capitalization of $15,926.54, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. During the same period last year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. analysts forecast that Maxim Integrated Products will post 2.53 EPS for the current year.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $52.16, for a total value of $1,564,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Vivek Jain sold 6,793 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $52.18, for a total value of $354,458.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 234,819 shares of company stock valued at $12,313,336. 1.11% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shelton Capital Management increased its holdings in shares of Maxim Integrated Products by 24.6% during the second quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock valued at $958,000 after acquiring an additional 4,218 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of Maxim Integrated Products during the third quarter valued at approximately $6,879,000. American Century Companies Inc. increased its holdings in shares of Maxim Integrated Products by 17.2% during the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after acquiring an additional 2,087,911 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Maxim Integrated Products by 50.8% during the third quarter. Artisan Partners Limited Partnership now owns 2,477,908 shares of the semiconductor company’s stock valued at $118,221,000 after acquiring an additional 834,443 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Maxim Integrated Products during the second quarter valued at approximately $621,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

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About Maxim Integrated Products

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)

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