Maxim Integrated Products, Inc. (NASDAQ:MXIM) stock is presently standing at about $44.71 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 23 analysts covering the company is $46.00, which suggests the stock could still rise over 3 percent. The highest analyst price target is $52.00, which implies a rally of 84 percent. And a quick view of analyst notes show that 8 are rating the stock a buy while 2 rate MXIM a strong buy. There are 14 equity research firms advocating a Hold and 0 consider it Sell.
BofA/Merrill analysts provided their view on Maxim Integrated Products, Inc. (NASDAQ:MXIM) recently. The rating firm issued a Buy rating to this company in a research note released on Jan 27, 2017. Loop Capital analysts disclosed their opinion on Maxim Integrated Products, Inc. (NASDAQ:MXIM) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 06, 2016. According to a research note disclosed on Sep 07, 2016, analysts at RBC Capital Mkts have lowered their rating on these shares from Outperform to Sector Perform.
Maxim Integrated Products, Inc. (NASDAQ:MXIM) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its SENIOR VP Jain Vivek sold 21,044 company shares for $890000.79, in a transaction on 2017-01-25. Following the transaction, the SENIOR VP is left with a stake of 890.79 shares, currently valued at $39827. Meanwhile, SENIOR VP NEIL CHRISTOPHER J sold 10,000 shares worth $420000, through a transaction dated 2017-01-24. Following the completion of the transaction, the insider is left with a stake of 139,753 shares, amounting $6248356.63. MXIM SENIOR VP Jain Vivek also sold 3,273 shares, at a stock price of $41.42. This transaction occurred on 2017-01-13 totals $135000.57. After this transaction, the insider’s stake stands at 74,811 shares, with a market value of $3344800.
Executives hold 1.67 percent of the stock. John F. Gifford is one of the biggest insider owners in Maxim Integrated Products, Inc. (NASDAQ:MXIM), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,485,502 shares which have current market value of around $111126794.42.Mr. Vijay Ullal is another major inside shareholder in the company. The insider owns 245,340 shares as of less than 0.1%, currently worth $10969151.4. Dr. Viktor Zekeriya,PhD is ranked as third insider holder of the stock. This insider holds 175,470 shares with a market value around $7845263.7 as of recent close.
Maxim Integrated Products, Inc. (NASDAQ:MXIM) Earnings Outlook
In Maxim Integrated Products, Inc. (NASDAQ:MXIM)’s latest quarter, EPS moved to $0.46 from $0.48 in preceding quarter and revenues reached at $550.98M compared to $561.40M. Analysts had expected Maxim Integrated Products, Inc. (NASDAQ:MXIM) to post net income of about $0.43 per share on $540.44M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.51 to $0.60. That is compared with the $0.41 in EPS it reported during the same period a year ago.