Analyst Price Target Update on Maxim Integrated Products (NASDAQ:MXIM)

Maxim Integrated Products (NASDAQ:MXIM): 16 analysts have set the short term price target of Maxim Integrated Products (NASDAQ:MXIM) at $37.81. The standard deviation of short term price target has been estimated at $5.43, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 43 and $22 respectively.

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Maxim Integrated Products (NASDAQ:MXIM).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Goldman Sachs announces the price target of $35 per share. The rating by the firm was issued on June 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The officer (CFO AND SENIOR VP), of Maxim Integrated Products Inc, Kiddoo Bruce E had unloaded 25,000 shares at $37.9 per share in a transaction on June 9, 2016. The total value of transaction was $947,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Maxim Integrated Products (NASDAQ:MXIM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.24 points or 0.64% at $37.39 with 1,481,010 shares getting traded. Post opening the session at $37.52, the shares hit an intraday low of $37.36 and an intraday high of $37.9 and the price was in this range throughout the day. The company has a market cap of $10,630 million and the number of outstanding shares have been calculated to be 284,310,220 shares. The 52-week high of Maxim Integrated Products (NASDAQ:MXIM) is $42.18 and the 52-week low is $29.47.

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.

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