Maxim Integrated Products (MXIM) : The consensus on Maxim Integrated Products (MXIM) based on 19 analyst recommendation on the company stock is 2.38, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Maxim Integrated Products (MXIM).
Maxim Integrated Products (MXIM) : Average target price received by Maxim Integrated Products (MXIM) is $37.69 with an expected standard deviation of $5.38. The most aggressive target on the stock is $43, whereas the most downbeat target is $22. 16 financial analysts are currently covering the stock.
Maxim Integrated Products (NASDAQ:MXIM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.20 and $34.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.59, notching a gain of 0.76% for the day. The total traded volume was 1,851,103 . The stock had closed at $35.32 on the previous day.
Also, Bank of America downgrades its rating on Maxim Integrated Products (NASDAQ:MXIM). Analysts at the Bank of America have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 27, 2016. The company shares have rallied 7.52% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $42.18 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $36.79 and the 200 Day Moving Average price is recorded at $35.32.
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 Companys products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers. The Company serves markets, including communications and data center, computing and consumer markets. Its communications and data center caters to base stations, data storage, servers, telecommunications and other communications. Its computing caters to desktop computers, notebook computers and peripherals. Its consumer products cater to smartphones, digital cameras, handheld computers, home entertainment and appliances.