Stock Worth Watching: What’s in Maxim Integrated Products Inc. After Today’s Significant Increase?

Stock Worth Watching: What's in Maxim Integrated Products Inc. After Today's Significant Increase?

The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) is a huge mover today! About 740,093 shares traded hands. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 6.13% since April 11, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
The move comes after 5 months positive chart setup for the $10.79 billion company. It was reported on Nov, 11 by Barchart.com. We have $48.16 PT which if reached, will make NASDAQ:MXIM worth $2.59B more.

Maxim Integrated Products Inc. (NASDAQ:MXIM) Ratings Coverage

Out of 19 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 11 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 58% are positive. Maxim Integrated Products Inc. has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Drexel Hamilton on Friday, October 21. The firm earned “Sector Perform” rating on Thursday, October 22 by RBC Capital Markets. Evercore upgraded the shares of MXIM in a report on Friday, July 24 to “Buy” rating. The rating was maintained by M Partners on Friday, January 22 with “Neutral”. The company was upgraded on Friday, July 24 by Bank of America. The rating was initiated by Sterne Agee CRT on Wednesday, September 9 with “Buy”. CLSA initiated the shares of MXIM in a report on Tuesday, May 17 with “Underperform” rating. The rating was initiated by Susquehanna with “Positive” on Tuesday, September 20. The stock has “Outperform” rating given by RBC Capital Markets on Friday, July 1. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 22.

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 2016 Q2. 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.
Opus Capital Ltd Liability Corp last reported 0.12% of its portfolio in the stock. Moreover, Whittier Of Nevada Incorporated has 0.01% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 1,515 shares. Quantitative Lc holds 0.03% or 16,500 shares in its portfolio. Moreover, Andra Ap has 0.05% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 56,400 shares. Omers Administration has invested 0.01% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM). Princeton Alpha Lp has 0.47% invested in the company for 73,933 shares. Morgan Stanley owns 802,810 shares or 0.01% of their US portfolio. Bnp Paribas Prtnrs has 506,442 shares for 0.15% of their US portfolio. Somerset Trust Company accumulated 43,871 shares or 0.97% of the stock. Regent Investment Mgmt Limited Liability Company has 12,750 shares for 0.25% of their US portfolio. Creative Planning owns 1,109 shares or 0% of their US portfolio. Thrivent For Lutherans last reported 0.02% of its portfolio in the stock. Envestnet Asset Mngmt accumulated 22,541 shares or 0% of the stock. Invesco Ltd holds 0.03% or 2.52 million shares in its portfolio. Boston Advisors Limited Liability Corporation has invested 0.61% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM).

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 38 insider sales for $23.74 million net activity. Shares for $122,659 were sold by WAZZAN A R FRANK on Thursday, August 4. YAMASAKI STEVEN T sold $1.44 million worth of stock or 35,012 shares. KIDDOO BRUCE E sold 25,000 shares worth $997,500. MEDLIN EDWIN sold $1.06M worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Tuesday, July 26. 22,500 shares were sold by DOLUCA TUNC, worth $919,238. 7,530 shares were sold by Caron David, worth $271,080. Another trade for 5,612 shares valued at $219,814 was made by NEIL CHRISTOPHER J on Friday, November 4.

More important recent Maxim Integrated Products Inc. (NASDAQ:MXIM) news were published by: Prnewswire.com which released: “EBV Elektronik and Maxim Integrated Sign EMEA Distribution Agreement” on November 07, 2016, also Prnewswire.com published article titled: “Maxim Integrated CEO Tunc Doluca Elected Chair of the Semiconductor Industry …”, Prnewswire.com published: “Maxim Integrated Reports Results For The First Quarter Of Fiscal 2017” on October 20, 2016. More interesting news about Maxim Integrated Products Inc. (NASDAQ:MXIM) was released by: Prnewswire.com and their article: “Maxim’s Ultra-Small hSensor Platform Enables Quick and Easy Design for …” with publication date: October 31, 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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