Maxim Integrated Products Inc. (MXIM) Earns “Buy” Rating from Jefferies Group LLC

Maxim Integrated Products Inc. (NASDAQ:MXIM)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a research note issued to investors on Friday, April 14th. They currently have a $49.00 price target on the semiconductor company’s stock, up from their previous price target of $44.00. Jefferies Group LLC’s target price would suggest a potential upside of 5.51% from the company’s current price.

Other analysts also recently issued reports about the company. B. Riley restated a “neutral” rating and set a $40.00 price objective on shares of Maxim Integrated Products in a report on Friday, January 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price target (up from $44.00) on shares of Maxim Integrated Products in a report on Friday, April 14th. Zacks Investment Research downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Wednesday, March 29th. Drexel Hamilton increased their price target on Maxim Integrated Products from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, January 27th. Finally, Royal Bank of Canada increased their price target on Maxim Integrated Products from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Friday, January 27th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Maxim Integrated Products presently has a consensus rating of “Buy” and a consensus price target of $46.32.

Analyst Recommendations for Maxim Integrated Products (NASDAQ:MXIM)

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The company had revenue of $581 million during the quarter, compared to the consensus estimate of $575.83 million. Maxim Integrated Products had a return on equity of 24.82% and a net margin of 22.39%. Maxim Integrated Products’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Tuesday, May 30th. Maxim Integrated Products’s dividend payout ratio is 76.30%.

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In other Maxim Integrated Products news, VP Christopher J. Neil sold 51,000 shares of Maxim Integrated Products stock in a transaction on Monday, May 1st. The shares were sold at an average price of $44.24, for a total transaction of $2,256,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction on Monday, May 15th. The shares were sold at an average price of $46.33, for a total transaction of $1,158,250.00. The disclosure for this sale can be found here. Insiders sold a total of 199,505 shares of company stock valued at $8,916,072 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. M&T Bank Corp increased its position in Maxim Integrated Products by 2.3% in the third quarter. M&T Bank Corp now owns 891,569 shares of the semiconductor company’s stock worth $35,600,000 after buying an additional 19,829 shares in the last quarter. Miles Capital Inc. increased its position in Maxim Integrated Products by 6.1% in the fourth quarter. Miles Capital Inc. now owns 25,271 shares of the semiconductor company’s stock worth $975,000 after buying an additional 1,448 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Maxim Integrated Products by 1.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 599,486 shares of the semiconductor company’s stock worth $23,937,000 after buying an additional 6,426 shares in the last quarter. California State Teachers Retirement System increased its position in Maxim Integrated Products by 0.8% in the third quarter. California State Teachers Retirement System now owns 603,583 shares of the semiconductor company’s stock worth $24,101,000 after buying an additional 5,000 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in Maxim Integrated Products by 2.0% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 31,241 shares of the semiconductor company’s stock worth $1,205,000 after buying an additional 600 shares in the last quarter. 90.38% of the stock is owned by institutional investors.

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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