Maxim Integrated Products (NASDAQ:MXIM) announced its earnings results on Tuesday. The semiconductor company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.14, MarketWatch Earnings reports. Maxim Integrated Products had a return on equity of 36.29% and a net margin of 29.88%.
MXIM stock opened at $68.77 on Thursday. Maxim Integrated Products has a one year low of $41.93 and a one year high of $74.87. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.91 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 4.54 and a current ratio of 5.11. The firm has a 50-day simple moving average of $69.09 and a two-hundred day simple moving average of $63.41.
MXIM has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on Maxim Integrated Products from $72.00 to $74.00 and gave the stock a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Tuesday, October 13th. Credit Suisse Group upped their price target on shares of Maxim Integrated Products from $60.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. The Goldman Sachs Group raised shares of Maxim Integrated Products from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $59.00 to $70.00 in a research report on Wednesday, July 15th. Finally, SunTrust Banks raised their price objective on shares of Maxim Integrated Products from $55.00 to $73.00 in a research note on Tuesday, July 14th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.00.
About Maxim Integrated Products
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally. The company also provides various high-frequency process technologies and capabilities used in custom designs.
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