Maxim Group Reaffirms “Sell” Rating for Maxim Integrated Products (MXIM)

Maxim Group restated their sell rating on shares of Maxim Integrated Products (NASDAQ:MXIM) in a research note published on Friday morning.

MXIM has been the subject of a number of other reports. Deutsche Bank decreased their target price on shares of Maxim Integrated Products from $63.00 to $60.00 and set a buy rating for the company in a research report on Wednesday, October 31st. Zacks Investment Research raised shares of Maxim Integrated Products from a sell rating to a hold rating in a report on Thursday, January 3rd. Barclays cut their price objective on shares of Maxim Integrated Products from $60.00 to $55.00 and set an equal weight rating for the company in a report on Tuesday, October 23rd. Citigroup cut their price objective on shares of Maxim Integrated Products from $61.00 to $50.00 and set a hold rating for the company in a report on Wednesday, October 31st. Finally, Goldman Sachs Group cut shares of Maxim Integrated Products from a neutral rating to a sell rating in a report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $60.20.

NASDAQ MXIM opened at $54.72 on Friday. The firm has a market cap of $14.96 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35. Maxim Integrated Products has a 1 year low of $46.64 and a 1 year high of $64.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.54 and a quick ratio of 3.27.



Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $576.91 million for the quarter, compared to analyst estimates of $590.50 million. Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. On average, equities analysts predict that Maxim Integrated Products will post 2.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.36%. Maxim Integrated Products’s dividend payout ratio is currently 67.90%.

In other news, CEO Tunc Doluca sold 5,000 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $54.55, for a total transaction of $272,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Bergman sold 14,210 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $56.46, for a total transaction of $802,296.60. The disclosure for this sale can be found here. Insiders have sold 69,445 shares of company stock valued at $3,877,229 in the last three months. Corporate insiders own 0.85% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Ffcm LLC increased its stake in shares of Maxim Integrated Products by 7.7% during the fourth quarter. Ffcm LLC now owns 17,290 shares of the semiconductor company’s stock worth $879,000 after purchasing an additional 1,235 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Maxim Integrated Products by 1.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,681,448 shares of the semiconductor company’s stock worth $85,502,000 after acquiring an additional 16,764 shares during the last quarter. Hallmark Capital Management Inc. boosted its position in Maxim Integrated Products by 2.7% during the fourth quarter. Hallmark Capital Management Inc. now owns 30,993 shares of the semiconductor company’s stock worth $1,576,000 after acquiring an additional 818 shares during the last quarter. Markel Corp boosted its position in Maxim Integrated Products by 0.4% during the fourth quarter. Markel Corp now owns 252,000 shares of the semiconductor company’s stock worth $12,814,000 after acquiring an additional 1,000 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Maxim Integrated Products by 7.6% during the fourth quarter. New York State Common Retirement Fund now owns 735,490 shares of the semiconductor company’s stock worth $37,400,000 after acquiring an additional 51,690 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

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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