November 29, 2016 - By Peter Erickson · 0 Comments
Maxim Integrated Products Inc (NASDAQ:MXIM) institutional sentiment decreased to 1.1 in Q2 2016. Its down -0.04, from 1.14 in 2016Q1. The ratio has worsened, as 178 funds increased and opened new holdings, while 156 cut down and sold equity positions in Maxim Integrated Products Inc. The funds in our partner’s database reported: 251.12 million shares, down from 258.25 million shares in 2016Q1. Also, the number of funds holding Maxim Integrated Products Inc in their top 10 holdings decreased from 3 to 2 for a decrease of 1. Sold All: 29 Reduced: 127 Increased: 130 New Position: 48.
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 $11.20 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 26.33 P/E ratio. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets.
About 1.06M shares traded hands. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 6.62% since April 26, 2016 and is uptrending. It has outperformed by 1.36% the S&P500.
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 $121.04 million for 23.13 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.
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.”
Oaktop Capital Management Ii L.P. holds 6.21% of its portfolio in Maxim Integrated Products Inc. for 717,375 shares. Hamlin Capital Management Llc owns 1.51 million shares or 2.6% of their US portfolio. Moreover, Weaver C. Barksdale & Associates Inc. has 1.5% invested in the company for 24,194 shares. The California-based Payden & Rygel has invested 1.28% in the stock. Davidson Investment Advisors, a Montana-based fund reported 171,435 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 28 selling transactions for $20.67 million net activity.
Ratings analysis reveals 58% of Maxim Integrated Products Inc.’s analysts are positive. Out of 19 Wall Street analysts rating Maxim Integrated Products Inc., 11 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $31 while the high is $46. The stock’s average target of $39.21 is -1.46% below today’s ($39.79) share price. MXIM was included in 30 notes of analysts from July 24, 2015. M Partners maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) on Friday, July 22 with “Neutral” rating. RBC Capital Markets downgraded the shares of MXIM in a report on Wednesday, September 7 to “Sector Perform” rating. On Friday, January 22 the stock rating was maintained by M Partners with “Neutral”. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) earned “Neutral” rating by Goldman Sachs on Thursday, June 2. The company was downgraded on Monday, June 27 by Bank of America. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) has “Buy” rating given on Wednesday, December 9 by Nomura. The company was downgraded on Wednesday, August 26 by Zacks. The company was maintained on Tuesday, January 12 by RBC Capital Markets. Credit Suisse maintained the shares of MXIM in a report on Friday, January 22 with “Neutral” rating. On Thursday, September 17 the stock rating was upgraded by Zacks to “Buy”.
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.
More recent Maxim Integrated Products Inc. (NASDAQ:MXIM) news were published by: Prnewswire.com which released: “EBV Elektronik and Maxim Integrated Sign EMEA Distribution Agreement” on November 07, 2016. Also Prnewswire.com published the news titled: “Maxim Integrated To Present at Upcoming Investor Conferences” on November 18, 2016. Prnewswire.com‘s news article titled: “Simplify Wearables Design with Maxim’s Ultra-Low Power, High-Performance …” with publication date: November 14, 2016 was also an interesting one.
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By Peter Erickson