Maxim Integrated (NASDAQ:MXIM) Stock Upgrade
Nomura gave Maxim Integrated (NASDAQ:MXIM) shares a new Buy rating in an analyst note shared with investors and clients on Wednesday, 9 December. The boost from the earlier Neutral rating is certainly an interesting one.
From a total of 24 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM) stock, 11 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is $45 while the lowest target price is $30. The mean of all analyst targets is $37.68 with a 8.89% above today’s ($37.13) stock price. Maxim Integrated Products Inc. was the topic of 11 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 22 with “Sector Perform” rating. Sterne Agee CRT initiated MXIM stock in a recent report from September 9 with “Buy” rating. Finally, Evercore upgraded the stock to “Buy” rating in a report issued on a July 24.
Approximately 991,232 shares of stock traded hands. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 13.45% since May 6, 2015 and is uptrending. It has outperformed by 14.25% the S&P500.
The overall sentiment of institutions has increased to 1.12 in Q2 2015. Its up 0.20, from 0.92 in 2015Q2. The ratio increased, as 32 institutions have sold all the shares of Maxim Integrated Products Inc. that they owned while 121 funds have taken shares off the table. 46 funds have purchased shares for the first time while 125 added to their positions. These institutions now hold 237.92 million shares or 7.08% less than the 256.04 million shares they owned in 2015Q2.
The Fund Oaktop Capital Management Ii L.P. currently is holding shares equating to 5.38% of its total portfolio in Maxim Integrated Products Inc. representing a total of 717,375 shares. Another fund,Kempen Capital Management N.V., is holding a total of 805,000 shares equating to 3.28% of their holdings. Additionally, Hamlin Capital Management Llc has a 1.56 million share stake in Maxim Integrated Products Inc. which represents 2.87% of their total portfolio. The Fund, Fcg Advisors Llc, based out of New Jersey, has also built up a stake in the stock, which represents a total of 1.68% of their total portfolio. Finally Willis Investment Counsel, a fund which is based in the state of Georgia reported a total holdings of 426,300 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 13, 2015, shareholders of Maxim Integrated Products Inc. have witnessed 0 buys, and a total of 9 sales equating to a net activity of approximately $3.73 million . Neil Christopher J sold 23,000 shares worth approximately $787,750. Grady Robert Edward sold 48,000 shares worth approximately $1.58M. Caron David sold 8,571 shares worth approximately $285,221. Doluca Tunc sold 2,400 shares worth approximately $81,600. The company insider Yamasaki Steven T sold 2,976 shares worth $101,935.
Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The company has a market cap of $10.55 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has 346.14 P/E ratio. The Company’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.
According to Zacks Investment Research, “Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits. The company also provides a range of high-frequency design processes and capabilities that can be used in custom design.” Get a free copy of the Zacks research report on Maxim Integrated Products Inc. (MXIM).