Maxim Integrated Products, Inc. (MXIM) – Citigroup Holds Rating And Sets New Price Target

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Maxim Integrated Products, Inc. (NASDAQ:MXIM).

October 18 investment analysts at Barclays left the stock rating at “Equal-Weight” but raised the price expectation to $50.00 from $42.00. On October 20 B. Riley kept the stock rating at “Market Perform” and raised the price target from $33.00 to $50.00.

October 23 investment analysts at Citigroup held the company rating at “Neutral” but moved up the price target to $50.00 from $35.00. On October 23 Citigroup made no change to the stock rating of “Neutral” and raised the price expectation from $35.00 to $50.00.

On October 20 Loop Capital left the company rating at “Market Perform” but raised the price target to $50.00 from $49.00. October 23 investment analysts at Citigroup maintained a company rating of “Neutral” and moved up the price target from $35.00 to $50.00.

October 23 investment analysts at Citigroup kept the company rating at “Neutral” and raised the price target from $35.00 to $50.00. On October 20 Morgan Stanley held the stock rating at “Market Perform” but moved up the price target to $50.00 from $40.00.

On October 23 Citigroup maintained a stock rating of “Neutral” but raised the price target to $50.00 from $35.00. October 23 investment analysts at Citigroup made no change to the company rating of “Neutral” but moved up the price target from $35.00 to $50.00.

On October 20 Credit Suisse kept the stock rating at “Market Perform” but moved up the price target from $35.00 to $50.00.

The company is up since yesterday’s close of 52. Additionally the company recently announced a dividend payable on Thursday December 14th, 2017. The dividend payment will be $0.360 per share for the quarter which is $1.44 annualized. This dividend represents a yield of $2.87 which is the dividend as a percentage of the current share price. The ex-dividend date is set for Tuesday the 29th of August 2017.

It is currently trading at $52.20 a bit higher than $47.99, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $46.34. The 50 day moving average went up $4.20 or +8.752% and the 200 day average went up $5.86 or +12.637%.

Maxim Integrated Products, Inc., launched on August 19, 1987, is involved 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 caters to automotive, communications and data center, computing, consumer and industrial markets. The Company offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, universal serial bus (USB) products, current loop products, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control..

Maxim Integrated Products, Inc.’s P/E ratio is 26.361 and market capitalization is 14.72B. As of the last earnings report the EPS was $1.98 and is expected to be $2.53 for the current year with 282,065,000 shares outstanding. Next quarter’s EPS is estimated at $0.63 with next year’s EPS projected to be $2.67.

Short traders are feeling a little more bullish on Maxim Integrated Products, Inc. lately if you evaluate the fall in short interest. The firm had a fall in short interest from September 15, 2017 to September 29, 2017 of -12.41%. Short interest fell from 5,102,649 to 4,469,264 over that period. Days to cover decreased -1.0 to 2.0 and the percentage of shorted shares was 0.02% on September 29.

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