Maxim Integrated Products, Inc. (NASDAQ:MXIM) registered a 6.53% increase, still its new closing price is 52.60% up from the company’s 1 year high of 42.65.It posted 8.02% gains in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 26 stock analysts following this company have an average price target at $46.17, with individual PT in the $37.00-$52.00 range. The shares moved at $44.71, implying that brokerage firms see shares gaining about 43.51% in twelve months time.
Maxim Integrated Products, Inc. (MXIM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 15.92% rise year to date. A SENIOR VP at Maxim Integrated Products, Inc. (MXIM) offloaded shares in a transaction closed on Wednesday January 25, 2017. Jain Vivek sold 21,044 shares in the company at $42.33 each and collected $890,001 in proceeds. Jain Vivek now owns 74,811 shares in the company after this transaction. A SENIOR VP in the company, NEIL CHRISTOPHER J, disclosed a transaction on Tuesday January 24, 2017 that ended up generating $420,000 from the sale of 10,000 shares at $42 per share.
Maxim Integrated Products, Inc. (NASDAQ:MXIM) Upcoming Results on Tap
Maxim Integrated Products, Inc. will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.56 in that period. Sales during the quarter are predicted to arrive at $595.44 million.
Earnings surprise history: Last quarter, the company posted approximately $550.98 million in revenue and EPS of $0.46. The mean forecast was for $540.44 million and $0.43 a share, respectively. One quarter earlier, revenue for the stock was at $561.4 million, with earnings at $0.48/share.
Maxim Integrated Products, Inc. (MXIM) Brokerage Update
Maxim Integrated Products, Inc. (MXIM) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by BofA/Merrill, according to news reported on Friday January 27, 2017.Another important research note was issued by RBC Capital Mkts on Wednesday September 07, 2016.The firm downgraded MXIM to Sector Perform from Outperform. Over the last six months and over the last three months, the shares of Maxim Integrated Products, Inc. (MXIM), have changed 11.75% and 12.99%, respectively.