Analysts at Nomura decreased their price objective on shares of Maxim Integrated Products (NASDAQ:MXIM) from $32.00 to $28.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. Nomura’s target price would suggest a potential upside of 2.12% from the stock’s previous close.
Maxim Integrated Products (NASDAQ: MXIM) opened at 27.42 on Friday. Maxim Integrated Products has a 52-week low of $25.54 and a 52-week high of $33.67. The stock’s 50-day moving average is currently $27.86. The company has a market cap of $7.981 billion and a price-to-earnings ratio of 18.42.
Maxim Integrated Products (NASDAQ:MXIM) last released its earnings data on Thursday, July 25th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.03. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $626.24 million. During the same quarter last year, the company posted $0.45 earnings per share. Maxim Integrated Products’s revenue was up .5% compared to the same quarter last year. Maxim Integrated Products has set its Q1 guidance at $0.37-0.41 EPS. Analysts expect that Maxim Integrated Products will post $1.80 EPS for the current fiscal year.
A number of other firms have also recently commented on MXIM. Analysts at UBS AG downgraded shares of Maxim Integrated Products to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Maxim Integrated Products in a research note to investors on Tuesday. They now have a $29.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Maxim Integrated Products from $35.00 to $33.00 in a research note to investors on Friday, July 12th. They now have an “outperform” rating on the stock.
Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.00.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.79%.
Maxim Integrated Products, Inc (NASDAQ: MXIM), 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.