The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) is a huge mover today! About 2.40 million shares traded hands or 12.68% up from the average. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 18.03% since March 7, 2016 and is uptrending. It has outperformed by 10.43% the S&P500.
The move comes after 9 months negative chart setup for the $11.04 billion company. It was reported on Oct, 10 by Barchart.com. We have $36.84 PT which if reached, will make NASDAQ:MXIM worth $552.00 million less.
Analysts await Maxim Integrated Products Inc. (NASDAQ:MXIM) to report earnings on October, 27. They expect $0.47 earnings per share, up 11.90% or $0.05 from last year’s $0.42 per share. MXIM’s profit will be $133.80 million for 20.63 P/E if the $0.47 EPS becomes a reality. After $0.49 actual earnings per share reported by Maxim Integrated Products Inc. for the previous quarter, Wall Street now forecasts -4.08% negative EPS growth.
Maxim Integrated Products Inc. (NASDAQ:MXIM) Ratings Coverage
Out of 18 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 10 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 56% are positive. Maxim Integrated Products Inc. has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Raymond James on Tuesday, April 19. On Wednesday, August 31 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was initiated by Goldman Sachs on Thursday, June 2 with “Neutral”. Bank of America downgraded Maxim Integrated Products Inc. (NASDAQ:MXIM) on Monday, June 27 to “Neutral” rating. As per Thursday, September 17, the company rating was upgraded by Zacks. The firm has “Outperform” rating given on Friday, July 1 by RBC Capital Markets. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. As per Friday, January 22, the company rating was maintained by M Partners. RBC Capital Markets initiated the shares of MXIM in a report on Monday, August 3 with “Sector Perform” rating. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, September 7.
According to Zacks Investment Research, “Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits. The company also provides a range of high-frequency design processes and capabilities that can be used in custom design.”
Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.03, from 1.17 in 2016Q1. The ratio is negative, as 29 funds sold all Maxim Integrated Products Inc. shares owned while 127 reduced positions. 48 funds bought stakes while 130 increased positions. They now own 251.12 million shares or 2.76% less from 258.25 million shares in 2016Q1.
First Republic Inv Mngmt, a California-based fund reported 9,744 shares. Panagora Asset Management last reported 6,404 shares in the company. Tctc Limited Liability last reported 0.23% of its portfolio in the stock. New York State Common Retirement Fund last reported 683,075 shares in the company. Point72 Asset Mgmt Limited Partnership has 1.40M shares for 0.34% of their US portfolio. Aberdeen Asset Mngmt Public Ltd Uk owns 23,523 shares or 0% of their US portfolio. Moreover, California Public Employees Retirement Sys has 0.04% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 773,400 shares. The Netherlands-based Shell Asset Mgmt Company has invested 0.02% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Bessemer Group accumulated 30,706 shares or 0.01% of the stock. Moreover, Adirondack Tru has 0% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 33 shares. Ls Advsr Limited Company, a Michigan-based fund reported 5,734 shares. Laurion Capital L P has 15,350 shares for 0.01% of their US portfolio. Dimensional Fund Advisors L P holds 0.01% or 566,033 shares in its portfolio. Glob X Limited Liability Corp reported 2,824 shares or 0.01% of all its holdings. Moreover, Fifth Third Bank has 0% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 11,087 shares.
Insider Transactions: Since April 26, 2016, the stock had 0 insider buys, and 39 sales for $24.07 million net activity. $702,837 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by DOLUCA TUNC. $1.06M worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by MEDLIN EDWIN on Tuesday, July 26. $27,510 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) shares were sold by Caron David. $716,694 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by NEIL CHRISTOPHER J. $135,568 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by Jain Vivek on Friday, August 26. 35,012 shares were sold by YAMASAKI STEVEN T, worth $1.44 million. HAGOPIAN B KIPLING sold $1.77M worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Thursday, June 9.
Another recent and important Maxim Integrated Products Inc. (NASDAQ:MXIM) news was published by Prnewswire.com which published an article titled: “Maxim Integrated To Announce Fiscal First Quarter 2017 Results” on September 29, 2016.
MXIM Company Profile
Maxim Integrated Products, Inc., incorporated on August 19, 1987, is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets. The Firm offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, universal serial bus (USB) products, current loop products, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.
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