Maxim Integrated Products (MXIM) : Traders are bullish on Maxim Integrated Products (MXIM) as it has outperformed the S&P 500 by a wide margin of 7.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.44% in the last 1 week, and is up 8.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.68% and the 50-Day Moving Average is 7.63%. Maxim Integrated Products (NASDAQ:MXIM): stock turned positive on Friday. Though the stock opened at $40.76, the bulls momentum made the stock top out at $41.09 level for the day. The stock recorded a low of $40.57 and closed the trading day at $40.91, in the green by 0.39%. The total traded volume for the day was 1,397,295. The stock had closed at $40.75 in the previous days trading.
The company Insiders own 1.5% of Maxim Integrated Products shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.68% . Institutional Investors own 92.69% of Maxim Integrated Products shares. During last six month period, the net percent change held by insiders has seen a change of -6.02%. Also, In the latest statement by the brokerage house, UBS maintains its outlook on Maxim Integrated Products (NASDAQ:MXIM). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $36.5 per share to $40 per share. The rating by the firm was issued on July 25, 2016.
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.