Economy

Maxim Integrated Products, Inc. (NASDAQ:MXIM) Trading Up - Shorts Down -12.41%

It increased, as 33 investors sold Maxim Integrated Products Inc. shares while 142 reduced holdings. (NASDAQ:MXIM) declared a quarterly dividend on Thursday, October 19th, RTT News reports. The stock declined 0.96% or $0.48 reaching $49.37 per share. Fjarde Ap has 0.05% invested in Maxim Integrated Products Inc.

A number of other institutional investors have also modified their holdings of the stock. The stock decreased 0.64% or $0.06 during the last trading session, reaching $9.38. In the last 90 days, insiders sold 136,443 shares of company stock valued at $6,266,251. Connecticut-based Bridgewater Assocs L P has invested 0% in Maxim Integrated Products Inc. Nikko Asset Management Americas, Inc. owns 68,300 shares with a value of $3,259,000. Loop Capital reiterated a "buy" rating and issued a $53.00 target price on shares of Maxim Integrated Products in a report on Thursday, August 31st. Camarda Financial Ltd Liability Company, Florida-based fund reported 536 shares.

On October 18 Barclays left the company rating at "Equal-Weight" but raised the price target to $50.00 from $42.00. (NASDAQ:MXIM). Engineers Gate Manager Ltd Partnership reported 0.05% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Stanley, Alabama-based fund reported 12,518 shares. Jefferies maintained the shares of MXIM in report on Monday, July 10 with "Buy" rating. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Maxim Integrated Products has a consensus rating of "Hold" and an average target price of $47.47. Maxim Integrated Products has a 12-month low of $37.32 and a 12-month high of $50.23. (NASDAQ:MXIM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management has 7,600 shares for 0% of their portfolio. Envestnet Asset Inc reported 0% in Maxim Integrated Products Inc.

The company's P/E ratio is 25.26 and market capitalization is 14.11B.

Shares of the company are trading at $50.02 which is slightly above $47.57, the 50 day moving average and barely above the 200 day moving average of $46.18.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 20th. Schroder Inv Gp reported 1.14 million shares. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. The firm had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same period in the previous year, the company earned $0.49 earnings per share. During the same time revenue is expected to increase from $2,296M to $2,618M and profit is predicted to escalate from $572M to $697M in the next couple of years, roughly growing 1.4x. This repurchase authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued. Another trade for 36,680 shares valued at $1.81 million was made by NEIL CHRISTOPHER J on Friday, June 9. The shares were sold at an average price of $45.67, for a total value of $159,845.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. "(MXIM) â€" Stock Analysis" with publication date: "October 09, 2017. Jain Vivek had sold 47,700 shares worth $2.29M on Tuesday, May 30. The disclosure for this sale can be found here. Insiders own 1.11% of the company's stock.

TRADEMARK VIOLATION WARNING: "Maxim Integrated Products, Inc". If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation.

Maxim Integrated Products, Inc., launched on August 19, 1987, is involved in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits.



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