Maxim Integrated Products (NASDAQ:MXIM) : 7 brokerage houses believe that Maxim Integrated Products (NASDAQ:MXIM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Maxim Integrated Products (NASDAQ:MXIM). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 2.44.
Maxim Integrated Products (NASDAQ:MXIM) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $43 and the lowest price target forecast is $22. The average forecast of all the analysts is $37.81 and the expected standard deviation is $5.43.
For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs initiates coverage on Maxim Integrated Products (NASDAQ:MXIM) In a research note issued to the investors, the brokerage major announces price-target of $35 per share.The shares have been rated Neutral. The rating by the firm was issued on June 2, 2016.
Maxim Integrated Products (NASDAQ:MXIM): stock turned positive on Tuesday. Though the stock opened at $34.22, the bulls momentum made the stock top out at $34.68 level for the day. The stock recorded a low of $34.06 and closed the trading day at $34.43, in the green by 1.74%. The total traded volume for the day was 2,564,624. The stock had closed at $33.84 in the previous days trading.
In an insider trading activity, The director, of Maxim Integrated Products Inc, Hagopian B Kipling had unloaded 60,948 shares at $37.54 per share in a transaction on June 10, 2016. The total value of transaction was $2,287,988. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.