Barclays Capital Raises Price Target on Maxim Integrated Products (MXIM)
Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Maxim Integrated Products (NASDAQ: MXIM) from $27.00 to $30.00 in a research report issued to clients and investors on Friday. The firm currently has an “equal weight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) raised their price target on shares of Maxim Integrated Products from $30.00 to $32.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of Maxim Integrated Products in a research note to investors on Friday. They now have an “outperform” rating and a $34.00 price target on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Maxim Integrated Products in a research note to investors on Friday.
Maxim Integrated Products opened at 29.86 on Friday. Maxim Integrated Products has a 1-year low of $20.62 and a 1-year high of $29.95. The company has a market cap of $8.712 billion and a price-to-earnings ratio of 18.66.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.33 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.28 EPS by $0.05. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Analysts expect that Maxim Integrated Products will post $0.43 EPS next quarter.
Maxim Integrated Products, Inc. (Maxim) designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations.