Analysts at Morgan Stanley Kept their Past ‘”Underweight”’ rating on Shares Maxim Integrated Products (NASDAQ:MXIM), Set a $40 Price Objective

July 17, 2017 - By Marie Mckinney

 Analysts at Morgan Stanley Kept their Past ‘

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.08, from 1.1 in 2016Q3. It is positive, as 35 investors sold Maxim Integrated Products Inc. shares while 122 reduced holdings. 43 funds opened positions while 143 raised stakes. 252.24 million shares or 0.34% less from 253.09 million shares in 2016Q3 were reported.

Tompkins Financial invested in 3,018 shares or 0.03% of the stock. Livforsakringsbolaget Skandia Omsesidigt holds 0.04% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 20,718 shares. Northern Corp holds 0.03% or 2.84M shares. Eqis Mngmt owns 0.04% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 18,434 shares. California State Teachers Retirement Systems holds 0.05% or 587,783 shares. Goelzer Investment Inc invested in 0.67% or 134,607 shares. Blackrock Fund Advisors accumulated 0.03% or 4.26M shares. Da Davidson & reported 0.1% stake. Moreover, Bessemer has 0.01% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 31,219 shares. 26,939 are owned by Dnb Asset As. Nomura Hldg holds 0% or 6,730 shares in its portfolio. Rfg Advisory Grp Ltd accumulated 12,195 shares. Hamilton Point Invest Advsr Ltd Company owns 0.8% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 33,490 shares. Thompson reported 121,717 shares stake. Commonwealth State Bank Of Aus invested in 0.01% or 24,774 shares.

Since January 24, 2017, it had 0 buys, and 34 selling transactions for $23.94 million activity. The insider Preeshl Bryan sold 4,000 shares worth $181,591. The insider MEDLIN EDWIN sold 30,646 shares worth $1.44 million. $1.12 million worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by KIDDOO BRUCE E. The insider DOLUCA TUNC sold $533,825. The insider Jain Vivek sold $463,092. Another trade for 4,200 shares valued at $188,696 was sold by WATKINS WILLIAM D. BERGMAN JAMES R had sold 14,824 shares worth $657,767.

Maxim Integrated Products (NASDAQ:MXIM) Rating Reaffirmed

New York: In a report made public on Monday morning, Morgan Stanley reconfirmed their “Underweight” rating on Maxim Integrated Products (NASDAQ:MXIM) shares. They now have a $40 target price per share on the company. Morgan Stanley’s target suggests a potential downside of -14.91 % from the company’s last price.

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.08, from 1.1 in 2016Q3. It is positive, as 35 investors sold Maxim Integrated Products Inc. shares while 122 reduced holdings. 43 funds opened positions while 143 raised stakes. 252.24 million shares or 0.34% less from 253.09 million shares in 2016Q3 were reported.

Tompkins Financial invested in 3,018 shares or 0.03% of the stock. Livforsakringsbolaget Skandia Omsesidigt holds 0.04% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 20,718 shares. Northern Corp holds 0.03% or 2.84M shares. Eqis Mngmt owns 0.04% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 18,434 shares. California State Teachers Retirement Systems holds 0.05% or 587,783 shares. Goelzer Investment Inc invested in 0.67% or 134,607 shares. Blackrock Fund Advisors accumulated 0.03% or 4.26M shares. Da Davidson & reported 0.1% stake. Moreover, Bessemer has 0.01% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 31,219 shares. 26,939 are owned by Dnb Asset As. Nomura Hldg holds 0% or 6,730 shares in its portfolio. Rfg Advisory Grp Ltd accumulated 12,195 shares. Hamilton Point Invest Advsr Ltd Company owns 0.8% invested in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 33,490 shares. Thompson reported 121,717 shares stake. Commonwealth State Bank Of Aus invested in 0.01% or 24,774 shares.

Since January 24, 2017, it had 0 buys, and 34 selling transactions for $23.94 million activity. The insider Preeshl Bryan sold 4,000 shares worth $181,591. The insider MEDLIN EDWIN sold 30,646 shares worth $1.44 million. $1.12 million worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by KIDDOO BRUCE E. The insider DOLUCA TUNC sold $533,825. The insider Jain Vivek sold $463,092. Another trade for 4,200 shares valued at $188,696 was sold by WATKINS WILLIAM D. BERGMAN JAMES R had sold 14,824 shares worth $657,767.

Maxim Integrated Products Inc. (NASDAQ:MXIM) Ratings Coverage

Among 22 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Maxim Integrated Products Inc. has $5400 highest and $31 lowest target. $41.64’s average target is -11.42% below currents $47.01 stock price. Maxim Integrated Products Inc. had 41 analyst reports since July 24, 2015 according to SRatingsIntel. M Partners maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) rating on Friday, July 22. M Partners has “Neutral” rating and $40 target. Bank of America downgraded the stock to “Neutral” rating in Monday, June 27 report. The firm has “Outperform” rating given on Friday, April 8 by RBC Capital Markets. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) earned “Market Perform” rating by Raymond James on Friday, June 16. The company was initiated on Monday, August 3 by RBC Capital Markets. The firm has “Sector Perform” rating given on Tuesday, January 12 by RBC Capital Markets. Stifel Nicolaus maintained the shares of MXIM in report on Friday, January 22 with “Buy” rating. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) has “Neutral” rating given on Thursday, June 2 by Goldman Sachs. The stock has “Buy” rating by Bank of America on Friday, January 27. RBC Capital Markets maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) rating on Friday, July 1. RBC Capital Markets has “Outperform” rating and $40 target.

About 981,279 shares traded. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 31.27% since July 17, 2016 and is uptrending. It has outperformed by 14.57% the S&P500.

Analysts await Maxim Integrated Products Inc. (NASDAQ:MXIM) to report earnings on July, 20. They expect $0.62 earnings per share, up 26.53 % or $0.13 from last year’s $0.49 per share. MXIM’s profit will be $176.80 million for 18.95 P/E if the $0.62 EPS becomes a reality. After $0.56 actual earnings per share reported by Maxim Integrated Products Inc. for the previous quarter, Wall Street now forecasts 10.71 % EPS growth.

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 market cap of $13.40 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 27.07 P/E ratio. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets.

More recent Maxim Integrated Products Inc. (NASDAQ:MXIM) news were published by: Prnewswire.com which released: “Maxim Integrated Empowering Medical Design Innovation at Sensors Expo 2017” on June 26, 2017. Also Nasdaq.com published the news titled: “Maxim (MXIM) to Report Q4 Earnings: What’s in the Cards?” on July 17, 2017. Prnewswire.com‘s news article titled: “Maxim Integrated To Announce Fiscal Fourth Quarter 2017 Results” with publication date: June 29, 2017 was also an interesting one.

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