Press coverage about Maxim Integrated Products (NASDAQ:MXIM) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Maxim Integrated Products earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 47.4988476265833 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating on shares of Maxim Integrated Products in a research note on Wednesday, January 31st. Drexel Hamilton reissued a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of Maxim Integrated Products in a research note on Friday, January 26th. Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. B. Riley reissued a “hold” rating and set a $54.00 price objective on shares of Maxim Integrated Products in a research note on Friday, January 26th. Finally, Barclays boosted their price objective on shares of Maxim Integrated Products from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Seventeen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Maxim Integrated Products has an average rating of “Hold” and an average target price of $54.86.
Shares of Maxim Integrated Products (NASDAQ MXIM) traded down $0.18 during trading on Wednesday, reaching $62.01. 3,170,000 shares of the company were exchanged, compared to its average volume of 2,750,000. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.50. Maxim Integrated Products has a 12-month low of $43.35 and a 12-month high of $74.94. The stock has a market cap of $13,530.00, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.71%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. Maxim Integrated Products’s payout ratio is currently 75.68%.
In other Maxim Integrated Products news, CEO Tunc Doluca sold 2,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $53.00, for a total value of $106,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James R. Bergman sold 30,300 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $62.40, for a total transaction of $1,890,720.00. The disclosure for this sale can be found here. Insiders sold a total of 241,630 shares of company stock worth $14,516,267 in the last quarter. 1.11% of the stock is currently owned by company insiders.
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About Maxim Integrated Products
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.
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