November 30, 2016 - By Clifton Ray
Trade amounting to approx. $80,330 US Dollars was reported in a public report submitted to the Washington-based SEC on 30/11/2016. According to which, James Bergman, the director of Maxim Integrated Products Inc also an insider of the Pinksheet-listed company had sold a total of 2,000 shares – ( at $40.2 for each share ). James Bergman right now has in hand 120,200 shares which make up roughly 0.04% of the California-based company’s market cap.
Out of 19 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 11 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 58% are positive. $46 is the highest target while $31 is the lowest. The $39.21 average target is -0.78% below today’s ($39.52) stock price. Maxim Integrated Products Inc. has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Tuesday, January 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) rating on Thursday, October 22. RBC Capital Markets has “Sector Perform” rating and $41.0 price target. The firm has “Buy” rating given on Friday, July 24 by Bank of America. M Partners maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) on Friday, July 22 with “Neutral” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 1 report. On Friday, April 8 the stock rating was upgraded by RBC Capital Markets to “Outperform”. Stifel Nicolaus maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) on Friday, January 22 with “Buy” rating. The rating was downgraded by BMO Capital Markets on Tuesday, July 19 to “Market Perform”. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) earned “Buy” rating by Drexel Hamilton on Friday, October 21. M Partners maintained the shares of MXIM in a report on Friday, January 22 with “Neutral” rating.
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.04, from 1.14 in 2016Q1. The ratio turned negative, as 29 funds sold all Maxim Integrated Products Inc. shares owned while 127 reduced positions. 48 funds bought stakes while 130 increased positions. They now own 251.12 million shares or 2.76% less from 258.25 million shares in 2016Q1.
Axa has invested 0% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM). Reliance Tru Of Delaware accumulated 0.05% or 17,028 shares. Raymond James Fincl Service Inc owns 51,424 shares or 0.02% of their US portfolio. Argent Management Limited Liability Company reported 273,345 shares or 0.44% of all its holdings. Coldstream holds 0.3% or 46,791 shares in its portfolio. Teachers Retirement System Of The State Of Kentucky owns 251,600 shares or 0.12% of their US portfolio. Cullen Frost Bankers holds 46,871 shares or 0.06% of its portfolio. The Iowa-based Miles Cap has invested 0.54% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Menta Cap Limited Liability Com last reported 10,234 shares in the company. Connor Clark And Lunn Investment Management accumulated 9,300 shares or 0% of the stock. Panagora Asset Management holds 0% or 6,404 shares in its portfolio. Raymond James Associate owns 96,551 shares or 0.01% of their US portfolio. Aviva Public Ltd Co, a United Kingdom-based fund reported 191,660 shares. Clinton Gru holds 0.1% or 64,103 shares in its portfolio. Avalon Advisors Ltd Liability Corporation holds 370,591 shares or 0.51% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 28 sales for $20.67 million net activity. YAMASAKI STEVEN T also sold $529,266 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Wednesday, June 8. $112,730 worth of shares were sold by WAZZAN A R FRANK on Tuesday, June 7. DOLUCA TUNC had sold 21,992 shares worth $874,493. $27,510 worth of shares were sold by Caron David on Wednesday, June 1. Another trade for 15,910 shares valued at $663,288 was made by Jain Vivek on Wednesday, July 27. MEDLIN EDWIN sold $190,000 worth of stock or 5,000 shares. 20,000 shares were sold by NEIL CHRISTOPHER J, worth $760,000 on Tuesday, May 31.
About 440,454 shares traded hands. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 5.55% since April 27, 2016 and is uptrending. It has outperformed by 0.32% the S&P500.
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 has a market cap of $11.14 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 26.15 P/E ratio. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets.
According to Zacks Investment Research, “Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits. The company also provides a range of high-frequency design processes and capabilities that can be used in custom design.”
Analysts await Maxim Integrated Products Inc. (NASDAQ:MXIM) to report earnings on January, 19. They expect $0.43 earnings per share, up 34.38% or $0.11 from last year’s $0.32 per share. MXIM’s profit will be $121.24M for 22.97 P/E if the $0.43 EPS becomes a reality. After $0.48 actual earnings per share reported by Maxim Integrated Products Inc. for the previous quarter, Wall Street now forecasts -10.42% negative EPS growth.
More news for Maxim Integrated Products Inc. (NASDAQ:MXIM) were recently published by: Prnewswire.com, which released: “EBV Elektronik and Maxim Integrated Sign EMEA Distribution Agreement” on November 07, 2016. Prnewswire.com‘s article titled: “Simplify Wearables Design with Maxim’s Ultra-Low Power, High-Performance ..” and published on November 14, 2016 is yet another important article.
Maxim Integrated Products, Inc., incorporated on August 19, 1987, is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets. The Firm 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.
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By Clifton Ray