Maxim Integrated Products Inc. (NASDAQ:MXIM) has received an average rating of “Hold” from the twenty-four brokerages that are covering the firm. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $41.38.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada lowered shares of Maxim Integrated Products from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 7th. B. Riley reaffirmed a “neutral” rating and set a $38.50 target price on shares of Maxim Integrated Products in a report on Friday, October 21st. RBC Capital Markets reaffirmed a “sector perform” rating and set a $40.00 target price on shares of Maxim Integrated Products in a report on Wednesday, September 7th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating and set a $45.00 target price (up previously from $42.00) on shares of Maxim Integrated Products in a report on Sunday, October 23rd. Finally, Drexel Hamilton boosted their price target on shares of Maxim Integrated Products from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 21st.

In related news, CEO Tunc Doluca sold 2,000 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its stake in shares of Maxim Integrated Products by 3.3% in the third quarter. D.A. Davidson & CO. now owns 102,176 shares of the company’s stock worth $4,078,000 after buying an additional 3,256 shares during the last quarter. LPL Financial LLC increased its stake in shares of Maxim Integrated Products by 9.9% in the third quarter. LPL Financial LLC now owns 16,163 shares of the company’s stock worth $641,000 after buying an additional 1,456 shares during the last quarter. Verition Fund Management LLC increased its stake in shares of Maxim Integrated Products by 378.2% in the third quarter. Verition Fund Management LLC now owns 69,362 shares of the company’s stock worth $2,770,000 after buying an additional 54,857 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in shares of Maxim Integrated Products by 6.1% in the third quarter. Chartwell Investment Partners LLC now owns 136,643 shares of the company’s stock worth $5,456,000 after buying an additional 7,835 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of Maxim Integrated Products during the third quarter worth about $232,000. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Maxim Integrated Products (NASDAQ:MXIM) traded up 0.61% during trading on Tuesday, reaching $39.84. 1,040,375 shares of the company were exchanged. The stock has a market capitalization of $11.29 billion, a PE ratio of 26.40 and a beta of 1.13. The stock has a 50-day moving average price of $39.32 and a 200-day moving average price of $38.78. Maxim Integrated Products has a one year low of $30.28 and a one year high of $42.37.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, October 20th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $561.40 million for the quarter, compared to analyst estimates of $560.84 million. Maxim Integrated Products had a net margin of 19.93% and a return on equity of 22.94%. Maxim Integrated Products’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. Analysts forecast that Maxim Integrated Products will post $1.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is 87.42%.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

5 Day Chart for NASDAQ:MXIM

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