BidaskClub lowered shares of Maxim Integrated Products (NASDAQ:MXIM) from a hold rating to a sell rating in a research note released on Tuesday.

A number of other research firms have also weighed in on MXIM. MKM Partners increased their price target on Maxim Integrated Products to $62.00 and gave the company a neutral rating in a research report on Friday, July 27th. BMO Capital Markets increased their price target on Maxim Integrated Products from $55.00 to $60.00 and gave the company a market perform rating in a research report on Friday, July 27th. Zacks Investment Research upgraded Maxim Integrated Products from a hold rating to a strong-buy rating and set a $70.00 price target for the company in a research report on Monday, July 30th. Citigroup increased their price target on Maxim Integrated Products from $56.00 to $61.00 and gave the company a neutral rating in a research report on Monday, July 30th. Finally, Stifel Nicolaus increased their price target on Maxim Integrated Products from $73.00 to $75.00 and gave the company a buy rating in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $61.89.

Shares of NASDAQ:MXIM traded up $0.28 during midday trading on Tuesday, reaching $51.80. The company had a trading volume of 2,102,218 shares, compared to its average volume of 2,463,884. The company has a quick ratio of 3.67, a current ratio of 4.03 and a debt-to-equity ratio of 0.51. Maxim Integrated Products has a 1-year low of $49.14 and a 1-year high of $74.94. The firm has a market capitalization of $15.68 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.19.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Maxim Integrated Products had a return on equity of 37.83% and a net margin of 18.84%. The business had revenue of $633.10 million during the quarter, compared to analyst estimates of $630.39 million. During the same quarter last year, the company posted $0.63 EPS. Maxim Integrated Products’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts predict that Maxim Integrated Products will post 3.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, August 29th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.55%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

In other Maxim Integrated Products news, Director Mary Ann Wright sold 440 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $60.43, for a total transaction of $26,589.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bruce E. Kiddoo sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $63.00, for a total value of $1,575,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,879 shares of company stock valued at $3,553,301 over the last 90 days. Corporate insiders own 1.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Maxim Integrated Products during the 1st quarter valued at about $106,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Maxim Integrated Products during the 2nd quarter valued at about $117,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Maxim Integrated Products during the 1st quarter valued at about $205,000. Hilltop Holdings Inc. acquired a new stake in shares of Maxim Integrated Products during the 1st quarter valued at about $218,000. Finally, Financial Gravity Wealth Inc. acquired a new stake in shares of Maxim Integrated Products during the 1st quarter valued at about $236,000. Hedge funds and other institutional investors own 90.72% of the company’s stock.

About Maxim Integrated Products

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

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