Maxim Integrated Products (MXIM) : 21 analysts are covering Maxim Integrated Products (MXIM) and their average rating on the stock is 2.44, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Maxim Integrated Products (MXIM) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Maxim Integrated Products (MXIM) stock is expected to deviate a maximum of $5.03 from the average target price of $38.63 for the short term period. 17 Street Experts have initiated coverage on the stock with the most promising target being $44 and the most muted being $22.
Company shares have received an average consensus rating of Hold for the current week Maxim Integrated Products (NASDAQ:MXIM): The stock opened at $41.10 on Thursday but the bulls could not build on the opening and the stock topped out at $41.10 for the day. The stock traded down to $40.72 during the day, due to lack of any buying support eventually closed down at $40.75 with a loss of -0.42% for the day. The stock had closed at $40.92 on the previous day. The total traded volume was 2,047,388 shares.
In a related news, The director, of Maxim Integrated Products Inc, Watkins William D had unloaded 60,786 shares at $41.07 per share in a transaction on August 1, 2016. The total value of transaction was $2,496,481. The Insider information was revealed by 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.