Maxim Integrated Products (NASDAQ:MXIM) Stock Rating Lowered by BidaskClub

Maxim Integrated Products (NASDAQ:MXIM) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday, BidAskClub reports.

A number of other research analysts have also recently weighed in on MXIM. Stifel Nicolaus set a $61.00 price objective on shares of Maxim Integrated Products and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays lifted their price objective on shares of Maxim Integrated Products from $58.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Bank of America restated a “neutral” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Maxim Integrated Products in a report on Wednesday, May 1st. Maxim Group restated a “buy” rating and issued a $70.00 price objective on shares of Maxim Integrated Products in a report on Wednesday, May 1st. Finally, ValuEngine upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.75.

Shares of MXIM opened at $53.46 on Wednesday. Maxim Integrated Products has a 1-year low of $46.64 and a 1-year high of $65.73. The stock has a market cap of $14.77 billion, a PE ratio of 22.00, a P/E/G ratio of 2.09 and a beta of 1.38. The firm has a 50-day simple moving average of $59.62 and a two-hundred day simple moving average of $56.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.84 and a quick ratio of 6.18.



Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $559.97 million. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, sell-side analysts expect that Maxim Integrated Products will post 2.21 earnings per share for the current fiscal year.

In other news, CEO Tunc Doluca sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $54.00, for a total transaction of $135,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph R. Bronson sold 12,600 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $56.07, for a total transaction of $706,482.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,100 shares of company stock valued at $1,964,877 in the last quarter. 0.85% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of MXIM. Quadrant Capital Group LLC grew 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 acquiring an additional 374 shares during the last quarter. Coastal Investment Advisors Inc. grew its stake in Maxim Integrated Products by 97.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 559 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 276 shares during the last quarter. First Personal Financial Services grew its stake 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. CWM LLC grew its stake in Maxim Integrated Products by 38.5% in the 1st quarter. CWM LLC now owns 828 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 230 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in Maxim Integrated Products by 175.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 736 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 469 shares during the last quarter. Institutional investors and hedge funds own 93.69% 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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