Maxim Integrated Products (NASDAQ: MXIM) was upgraded by investment analysts at Maxim Group from an “above average” rating to an “average” rating in a note issued to investors on Friday.
Shares of Maxim Integrated Products traded down 0.94% during mid-day trading on Friday, hitting $29.58. Maxim Integrated Products has a 52 week low of $20.62 and a 52 week high of $29.95. The company has a market cap of $8.631 billion and a P/E 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. On average, analysts predict that Maxim Integrated Products will post $0.43 earnings per share next quarter.
A number of other analysts have also recently weighed in on MXIM. Analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Maxim Integrated Products to $33.00 in a research note to investors on Tuesday, April 3rd. Separately, analysts at Miller Tabak raised their price target on shares of Maxim Integrated Products from $30.00 to $34.00 in a research note to investors on Tuesday, March 27th. They now have a “buy” rating 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 Thursday, March 15th.
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.