Price Target Update on Maxim Integrated Products (NASDAQ:MXIM)

Maxim Integrated Products (NASDAQ:MXIM) : Average target price received by Maxim Integrated Products (NASDAQ:MXIM) is $37.81 with an expected standard deviation of $5.43. The most aggressive target on the stock is $43, whereas the most downbeat target is $22. 16 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Goldman Sachs initiates coverage on Maxim Integrated Products (NASDAQ:MXIM). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $35 per share. The rating by the firm was issued on June 2, 2016.

Maxim Integrated Products (NASDAQ:MXIM): stock turned positive on Thursday. Though the stock opened at $37.56, the bulls momentum made the stock top out at $37.9 level for the day. The stock recorded a low of $37.37 and closed the trading day at $37.89, in the green by 1.99%. The total traded volume for the day was 1,820,439. The stock had closed at $37.15 in the previous days trading.

The company shares have rallied 5.12% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $42.18 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $36.92 and the 200 Day Moving Average price is recorded at $35.49. On the companys insider trading activities,The director of Maxim Integrated Products Inc, Hagopian B Kipling sold 60,948 shares at $37.54 on June 10, 2016. The Insider selling transaction had a total value worth of $2,287,988. The Insider information was disclosed with 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.