Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) have earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $61.35.

Several brokerages have weighed in on MXIM. Bank of America reaffirmed a “neutral” rating and set a $67.00 price target (up from $60.00) on shares of Maxim Integrated Products in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Deutsche Bank increased their target price on shares of Maxim Integrated Products from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Barclays increased their target price on shares of Maxim Integrated Products from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Finally, Maxim Group reissued a “buy” rating and set a $70.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, May 1st.

Shares of MXIM opened at $53.35 on Monday. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.77 and a current ratio of 6.46. Maxim Integrated Products has a fifty-two week low of $46.64 and a fifty-two week high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $542.38 million for the quarter, compared to the consensus estimate of $540.17 million. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. On average, analysts expect that Maxim Integrated Products will post 2.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, May 29th. Maxim Integrated Products’s payout ratio is currently 67.90%.

In related news, VP Vivek Jain sold 14,246 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $60.58, for a total value of $863,022.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP David Loftus sold 13,614 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $53.81, for a total transaction of $732,569.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,290 shares of company stock worth $3,724,023. Corporate insiders own 0.85% of the company’s stock.

A number of institutional investors have recently modified their holdings of MXIM. Quadrant Capital Group LLC lifted its stake in Maxim Integrated Products by 328.1% in the 1st quarter. Quadrant Capital Group LLC now owns 488 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 374 shares in the last quarter. CWM LLC raised its holdings in Maxim Integrated Products by 78.0% in the 4th quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 262 shares during the last quarter. First Personal Financial Services raised its holdings in Maxim Integrated Products by 76.9% in the 1st quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 297 shares during the last quarter. Sun Life Financial INC acquired a new stake in Maxim Integrated Products in the 4th quarter valued at about $39,000. Finally, Guardian Life Insurance Co. of America acquired a new stake in Maxim Integrated Products in the 4th quarter valued at about $40,000. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

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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