Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $61.50.

Several brokerages recently weighed in on MXIM. Bank of America reaffirmed a “buy” rating and set a $105.00 target price (up from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Royal Bank of Canada set a €145.00 ($168.60) target price on shares of Aena SME and gave the stock a “sell” rating in a research note on Tuesday, April 30th. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Barclays upped their target price on shares of Shopify from $155.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Finally, MKM Partners upped their target price on shares of Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st.

MXIM traded up $0.69 during trading hours on Tuesday, hitting $62.04. 1,064,092 shares of the company’s stock were exchanged, compared to its average volume of 1,499,420. Maxim Integrated Products has a 12-month low of $46.64 and a 12-month high of $63.68. The stock’s 50 day moving average price is $57.31. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.99 and a beta of 1.42. 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 (NASDAQ:MXIM) last announced its 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. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 40.16%. The firm had revenue of $542.38 million for the quarter, compared to the consensus estimate of $540.17 million. During the same period in the prior year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. Analysts predict that Maxim Integrated Products will post 2.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Wednesday, May 29th. Maxim Integrated Products’s dividend payout ratio is presently 67.90%.

In other news, CEO Tunc Doluca sold 2,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bruce E. Kiddoo sold 5,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $58.52, for a total transaction of $292,600.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,246 shares of company stock worth $3,243,413. Insiders own 0.85% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of 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. First Personal Financial Services boosted its stake in Maxim Integrated Products by 76.9% during the 1st quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 297 shares during the period. CWM LLC boosted its stake in Maxim Integrated Products by 38.5% during the 1st quarter. CWM LLC now owns 828 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 230 shares during the period. Tompkins Financial Corp boosted its stake in Maxim Integrated Products by 574.6% during the 1st quarter. Tompkins Financial Corp now owns 850 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 724 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Maxim Integrated Products by 66.8% during the 4th quarter. Global Retirement Partners LLC now owns 899 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 93.38% of the company’s stock.

Maxim Integrated Products Company Profile

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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