UBS AG Raises Price Target on Maxim Integrated Products (MXIM)

By admin | 6 years ago

Equities researchers at UBS AG (NYSE: UBS) upped their target price on shares of Maxim Integrated Products (NASDAQ: MXIM) from $30.00 to $32.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock.

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.

MXIM has been the subject of a number of other recent research reports. 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. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Maxim Integrated Products in a research note to investors on Friday. Finally, analysts at Maxim Group upgraded shares of Maxim Integrated Products from an “above average” rating to an “average” rating in a research note to investors on Friday.

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.

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