Maxim Integrated (NASDAQ:MXIM) Upgrade
In a research report issued to clients and investors on Friday, 27 January, BofA Merrill has increased Maxim Integrated (NASDAQ:MXIM) stock to Buy. MXIM’s old rating was Neutral.
In spite of the firm’s rating upgrade NASDAQ:MXIM is right now trading -0.62% lower at $41.97 as of 2:04 AM New York time. Maxim Integrated’s stock is 0% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 11.40% over the same time period.
Out of 23 analysts covering Maxim Integrated, 14 rate it a Buy, 11 indicate a Hold while 2 suggest a Sell. The highest target is $46 and the lowest is $33 according to Thomson/First Call. The 12-month mean target is $39.33, which means downside potential of 6.29% over the current price.
Oaktop Capital Management Ii L.P. had the biggest stake with ownership of 717,375 shares as of q2 2015 for 6.69% of the fund portfolio. Hamlin Capital Management Llc is another quite bullish investment manager who is having 1.44 million shares of Maxim Integrated or 2.66% of their fund portfolio. Furthermore, Weaver C. Barksdale & Associates Inc. have 1.66% of their fund portfolio invested in the company for 24,696 shares. The California-based fund Payden & Rygel revealed it had acquired so far a stake worth about 1.64% of the investment manager’s stock portfolio in Maxim Integrated. The Georgia-based fund Willis Investment Counsel is also positive about the stock, possessing 410,100 shares or 1.37% of their fund portfolio.
Maxim Integrated (NASDAQ:MXIM) Profile
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 also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.
Maxim Integrated (NASDAQ:MXIM) traded down -0.62% on 27 January, hitting $41.97. A total of shares of the company’s stock traded hands. This is down from average of 1.90 million shares. Maxim Integrated has a 52 week low of $30.31 and a 52 week high of $42.65. The company has a market cap of $11.95 billion and a P/E ratio of 27.77.
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