MKM Partners Maintains Maxim Integrated Products to Neutral with Price Target $40.00

Brokerage firm MKM Partners Maintains its rating on Maxim Integrated Products(NASDAQ:MXIM). In a research note issued to the investors, the brokerage major Raises the price-target to $40.00 per share. The shares have been rated Neutral. The rating by MKM Partners was issued on Jul 22, 2016.

In a different note, On Jul 20, 2016, Barclays said it Maintains its rating on Maxim Integrated Products. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 19, 2016, BMO Capital said it Downgrades its rating on Maxim Integrated Products. The shares have been rated ‘Market Perform’ by the firm. On Jun 27, 2016, Bank of America said it Downgrades its rating on Maxim Integrated Products. The shares have been rated ‘Neutral’ by the firm. Goldman Sachs said it Initiates Coverage on Maxim Integrated Products, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Neutral’ by the firm. CLSA said it Initiates Coverage on Maxim Integrated Products, according to a research note issued on May 17, 2016. The shares have been rated ‘Underperform’ by the firm.

Maxim Integrated Products (MXIM) shares turned negative on Thursdays trading session with the shares closing down -0.57 points or -1.38% at a volume of 31,16,883. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.2. The peak price level was also seen at $41.2 while the days lowest was $40.58. Finally the shares closed at $40.67. The 52-week high of the shares is $42.37 while the 52-week low is $29.47. According to the latest information available, the market cap of the company is $11,563 M.

Maxim Integrated Products(MXIM) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $566.13M. Analysts had an estimated revenue of $575.46M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, Tunc Doluca (PRESIDENT, CEO & DIRECTOR) sold 2,508 shares at $36.50 per share price.Also, On Jun 14, 2016, B Kipling Hagopian (director) sold 60,948 shares at $37.54 per share price.On Jun 10, 2016, Bruce E Kiddoo (CFO AND SENIOR VP) sold 25,000 shares at $37.90 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *