Maxim Integrated Products Inc. (NASDAQ:MXIM) has received an average recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $59.50.

MXIM has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Evercore ISI lowered their target price on shares of Maxim Integrated Products from $60.00 to $55.00 in a report on Monday, January 14th. BidaskClub upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Morgan Stanley lowered their target price on shares of Maxim Integrated Products from $59.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 31st. Finally, SunTrust Banks lowered their target price on shares of Maxim Integrated Products to $51.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st.

In other Maxim Integrated Products news, VP Sumeet Gagneja sold 517 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $56.72, for a total value of $29,324.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tunc Doluca sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $55.79, for a total transaction of $139,475.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,045 shares of company stock worth $3,642,973. Corporate insiders own 0.85% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. IMS Capital Management acquired a new position in shares of Maxim Integrated Products in the third quarter valued at about $28,000. CWM LLC grew its stake in shares of Maxim Integrated Products by 78.0% in the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 262 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in shares of Maxim Integrated Products by 311.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 580 shares in the last quarter. Sun Life Financial INC acquired a new position in shares of Maxim Integrated Products in the fourth quarter valued at about $39,000. Finally, Guardian Life Insurance Co. of America acquired a new position in shares of Maxim Integrated Products in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Shares of MXIM stock traded up $0.06 during trading on Friday, reaching $55.85. The company’s stock had a trading volume of 1,620,453 shares, compared to its average volume of 2,345,595. The company has a quick ratio of 5.85, a current ratio of 6.54 and a debt-to-equity ratio of 0.57. The firm has a market cap of $15.27 billion, a PE ratio of 20.61, a P/E/G ratio of 1.94 and a beta of 1.35. Maxim Integrated Products has a one year low of $46.64 and a one year high of $64.40.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 28th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.84 annualized dividend and a dividend yield of 3.29%. Maxim Integrated Products’s dividend payout ratio is currently 67.90%.

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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