Maxim Integrated Products (MXIM) Receives Price Target

Maxim Integrated Products (MXIM) : 16 investment research analysts covering Maxim Integrated Products (MXIM) have an average price target of $38.36 for the near short term. The highest target price given by the Brokerage Firm to the stock is $44 and the lowest target is $22 for the short term. Analysts expect the variance to be within $5.06 of the average price.

Maxim Integrated Products (MXIM) : 5 brokerage houses believe that Maxim Integrated Products (MXIM) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Maxim Integrated Products (MXIM). Zacks Investment Research suggests a Hold with a rank of 3. 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 Hold with a rating of 2.59.


Also, Equity Analysts at the UBS maintains the rating on Maxim Integrated Products (NASDAQ:MXIM). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $36.5 per share to $40 per share. The rating by the firm was issued on July 25, 2016.

Maxim Integrated Products (NASDAQ:MXIM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.72 and $40.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.20, notching a gain of 1.18% for the day. The total traded volume was 1,753,674 . The stock had closed at $40.72 on the previous day.

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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