Why Raymond James Has Just Restated Their “Mkt Perform” Rating For Maxim Integrated Products Inc (NDAQ:MXIM) Shares

June 19, 2017 - By Richard Conner

 Why Raymond James Has Just Restated Their

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.08, from 1.1 in 2016Q3. It improved, as 35 investors sold Maxim Integrated Products Inc. shares while 122 reduced holdings. 43 funds opened positions while 143 raised stakes. 252.24 million shares or 0.34% less from 253.09 million shares in 2016Q3 were reported.

Moreover, First Mercantile Tru has 0.08% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM). Eqis Cap Mgmt stated it has 0.04% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Cibc Ww Corporation has invested 0.27% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Jackson Wealth Mgmt Limited Com, Florida-based fund reported 37,255 shares. Gam Ag invested 0.01% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Retail Bank Of Ny Mellon reported 10.45M shares. Boston Advsrs Limited Liability Company, a Massachusetts-based fund reported 24,045 shares. 321,107 were reported by Parametric Port Assocs Lc. Massachusetts-based Frontier Mngmt Co Ltd Liability Co has invested 0.15% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Chicago Equity Ptnrs Ltd Liability Co invested in 170,795 shares. Northwestern Mutual Wealth has 1,610 shares. Tdam Usa reported 31,832 shares. Davidson Invest Advsr holds 186,075 shares. Aviva Plc holds 0.04% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 188,668 shares. Balyasny Asset Mngmt Limited Liability Corp holds 0.03% or 121,785 shares in its portfolio.

Since January 3, 2017, it had 0 insider buys, and 39 insider sales for $25.68 million activity. KIDDOO BRUCE E also sold $452,200 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) shares. Jain Vivek had sold 47,700 shares worth $2.29 million on Tuesday, May 30. On Monday, January 30 the insider DOLUCA TUNC sold $536,716. On Tuesday, January 31 BERGMAN JAMES R sold $657,767 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) or 14,824 shares. 36,680 shares were sold by NEIL CHRISTOPHER J, worth $1.81M on Friday, June 9. 4,200 Maxim Integrated Products Inc. (NASDAQ:MXIM) shares with value of $188,696 were sold by WATKINS WILLIAM D. On Friday, June 9 MEDLIN EDWIN sold $1.44 million worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) or 30,646 shares.

Maxim Integrated Products Inc (NDAQ:MXIM) Rating Reaffirmed

This Morning, Raymond James reiterated their “Mkt Perform” rating on Maxim Integrated Products Inc (NDAQ:MXIM) shares in an analyst report revealed to investors and clients.

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.08, from 1.1 in 2016Q3. It improved, as 35 investors sold Maxim Integrated Products Inc. shares while 122 reduced holdings. 43 funds opened positions while 143 raised stakes. 252.24 million shares or 0.34% less from 253.09 million shares in 2016Q3 were reported.

Moreover, First Mercantile Tru has 0.08% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM). Eqis Cap Mgmt stated it has 0.04% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Cibc Ww Corporation has invested 0.27% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Jackson Wealth Mgmt Limited Com, Florida-based fund reported 37,255 shares. Gam Ag invested 0.01% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Retail Bank Of Ny Mellon reported 10.45M shares. Boston Advsrs Limited Liability Company, a Massachusetts-based fund reported 24,045 shares. 321,107 were reported by Parametric Port Assocs Lc. Massachusetts-based Frontier Mngmt Co Ltd Liability Co has invested 0.15% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Chicago Equity Ptnrs Ltd Liability Co invested in 170,795 shares. Northwestern Mutual Wealth has 1,610 shares. Tdam Usa reported 31,832 shares. Davidson Invest Advsr holds 186,075 shares. Aviva Plc holds 0.04% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 188,668 shares. Balyasny Asset Mngmt Limited Liability Corp holds 0.03% or 121,785 shares in its portfolio.

Since January 3, 2017, it had 0 insider buys, and 39 insider sales for $25.68 million activity. KIDDOO BRUCE E also sold $452,200 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) shares. Jain Vivek had sold 47,700 shares worth $2.29 million on Tuesday, May 30. On Monday, January 30 the insider DOLUCA TUNC sold $536,716. On Tuesday, January 31 BERGMAN JAMES R sold $657,767 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) or 14,824 shares. 36,680 shares were sold by NEIL CHRISTOPHER J, worth $1.81M on Friday, June 9. 4,200 Maxim Integrated Products Inc. (NASDAQ:MXIM) shares with value of $188,696 were sold by WATKINS WILLIAM D. On Friday, June 9 MEDLIN EDWIN sold $1.44 million worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) or 30,646 shares.

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

Among 6 analysts covering Maxim Integrated Products Inc. (NDAQ:MXIM), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Maxim Integrated Products Inc. has $54 highest and $44 lowest target. $49’s average target is 5.97% above currents $46.24 stock price. Maxim Integrated Products Inc. had 7 analyst reports since March 31, 2017 according to SRatingsIntel. On Monday, April 24 the stock rating was maintained by Maxim Group with “Hold”. As per Monday, April 24, the company rating was downgraded by Evercore. Macquarie Research initiated Maxim Integrated Products Inc. (NASDAQ:MXIM) rating on Friday, March 31. Macquarie Research has “Outperform” rating and $52 target. The rating was maintained by Raymond James with “Market Perform” on Friday, June 16. The rating was initiated by Maxim Group with “Market Perform” on Friday, June 16.

The stock decreased 0.02% or $0.01 on June 16, reaching $46.24. About shares traded. Maxim Integrated Products Inc. (NDAQ:MXIM) has risen 31.27% since June 19, 2016 and is uptrending. It has outperformed by 14.57% the S&P500.

Investors wait Maxim Integrated Products Inc. (NASDAQ:MXIM) to report on July, 20. its quarterly earnings Wall Street analysts expect $0.62 earnings per share, up $0.13 or 26.53 % from last year’s $0.49 same quarter earnings. This translates into $172.83M profit for MXIM giving the stock a 18.65 P/E. This is assuming the current $0.62 EPS is accurate. Maxim Integrated Products Inc.’s Wall Street analysts see 10.71 % EPS growth, taking into account the $0.56 EPS reproted in the previous quarter,

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 has market cap of $12.89 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 26.63 P/E ratio. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets.

More important recent Maxim Integrated Products Inc. (NASDAQ:MXIM) news were published by: Nasdaq.com which released: “Maxim Integrated Products, Inc. (MXIM) Ex-Dividend Date Scheduled for May 30, 2017” on May 26, 2017, also Prnewswire.com published article titled: “Future Electronics and Maxim Integrated Sign Distribution Agreement”, Prnewswire.com published: “Maxim Integrated To Issue $500 Million Of Senior Notes” on June 08, 2017. More interesting news about Maxim Integrated Products Inc. (NASDAQ:MXIM) was released by: Prnewswire.com and their article: “Semiconductor Stock Performance Review — Broadcom, Integrated Device …” with publication date: June 13, 2017.

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