BMO Capital Sticks to Its Hold Rating for Maxim Integrated (MXIM)


BMO Capital analyst Ambrish Srivastava maintained a Hold rating on Maxim Integrated (NASDAQ: MXIM) yesterday and set a price target of $60. The company’s shares opened today at $61.23.

According to TipRanks.com, Srivastava is a 4-star analyst with an average return of 12.1% and a 73.8% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Analog Devices.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxim Integrated with a $64.40 average price target.

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Maxim Integrated’s market cap is currently $16.96B and has a P/E ratio of 37.34. The company has a Price to Book ratio of 8.78.

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. Last month, Edwin Medlin, the SVP & GC of MXIM sold 84,210 shares for a total of $5,306,227.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Maxim Integrated Products, Inc. engages in the design, development, manufacture, and marketing of linear and mixed-signal integrated circuits. Its products include integrated power circuits, amplifiers, data converters, analog filters, transceivers, expanders, level translators, broadband switches, powerline communications, microcontrollers, data loggers, solar energy, and automotive. The company was founded by Jack F. Gifford in 1983 and is headquartered in San Jose, CA.

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