Maxim Integrated Products Stock Forecast, Price & News

Maxim Integrated Products' stock was trading at $49.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MXIM shares have increased by 46.0% and is now trading at $72.32.
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17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Maxim Integrated Products in the last year. There are currently 1 sell rating, 14 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Maxim Integrated Products is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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Maxim Integrated Products, Inc. (NASDAQ:MXIM) announced its quarterly earnings data on Tuesday, July, 28th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.56 by $0.02. The semiconductor company had revenue of $545.37 million for the quarter, compared to analysts' expectations of $542.66 million. Maxim Integrated Products had a return on equity of 36.29% and a net margin of 29.88%. Maxim Integrated Products's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS.
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Maxim Integrated Products announced a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, August 27th will be given a dividend of $0.48 per share on Friday, September 11th. This represents a $1.92 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Wednesday, August 26th.
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17 equities research analysts have issued 1 year price targets for Maxim Integrated Products' stock. Their forecasts range from $50.00 to $78.00. On average, they anticipate Maxim Integrated Products' stock price to reach $65.69 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
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Maxim Integrated Products saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,550,000 shares, an increase of 12.8% from the August 31st total of 9,350,000 shares. Based on an average daily trading volume, of 3,930,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 4.0% of the shares of the company are short sold.
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Some companies that are related to Maxim Integrated Products include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Xilinx (XLNX), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), Inphi (IPHI) and Silicon Laboratories (SLAB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Maxim Integrated Products investors own include Intel (INTC), QUALCOMM (QCOM), NVIDIA (NVDA), Cisco Systems (CSCO), Micron Technology (MU), Advanced Micro Devices (AMD), Verizon Communications (VZ), Broadcom (AVGO), Johnson & Johnson (JNJ) and Pfizer (PFE).

Maxim Integrated Products trades on the NASDAQ under the ticker symbol "MXIM."

Maxim Integrated Products' stock is owned by a number of retail and institutional investors. Top institutional investors include Robecosam AG (0.56%), State of Alaska Department of Revenue (0.07%), Cullinan Associates Inc. (0.06%), Envestnet Asset Management Inc. (0.05%), Candriam Luxembourg S.C.A. (0.05%) and Havens Advisors LLC (0.04%). Company insiders that own Maxim Integrated Products stock include Bruce E Kiddoo, Bryan Preeshl, David Loftus, Edwin Medlin, James R Bergman, Jon Imperato, Joseph R Bronson, Mary Ann Wright, Robert Edward Grady, Sumeet Gagneja, Tracy Accardi, Tunc Doluca, Vivek Jain and William D Watkins.
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MXIM stock was sold by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., Cullinan Associates Inc., First American Bank, Redpoint Investment Management Pty Ltd, Baldwin Brothers Inc. MA, Pacer Advisors Inc., and Resources Investment Advisors LLC.. Company insiders that have sold Maxim Integrated Products company stock in the last year include Bryan Preeshl, Edwin Medlin, Jon Imperato, Joseph R Bronson, Mary Ann Wright, Robert Edward Grady, Tunc Doluca, and Vivek Jain.
View insider buying and selling activity for Maxim Integrated Products.

MXIM stock was bought by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Havens Advisors LLC, Assenagon Asset Management S.A., State of Alaska Department of Revenue, Brookstone Capital Management, Diversified Trust Co, IBM Retirement Fund, and Louisiana State Employees Retirement System.
View insider buying and selling activity for Maxim Integrated Products.

Shares of MXIM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MXIM stock can currently be purchased for approximately $72.32.

Maxim Integrated Products has a market capitalization of $19.34 billion and generates $2.19 billion in revenue each year. The semiconductor company earns $654.69 million in net income (profit) each year or $2.26 on an earnings per share basis. Maxim Integrated Products employs 7,115 workers across the globe.

The official website for Maxim Integrated Products is www.maximintegrated.com.

Maxim Integrated Products' mailing address is 160 RIO ROBLES, SAN JOSE CA, 95134. The semiconductor company can be reached via phone at 408-601-1000 or via email at [email protected]