In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Maxim Integrated (MXIM), with a price target of $70. The company’s shares closed yesterday at $60.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.2% and a 66.8% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Texas Instruments.
Currently, the analyst consensus on Maxim Integrated is a Hold with an average price target of $60.
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Based on Maxim Integrated’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $132 million. In comparison, last year the company had a net profit of $194 million.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Bruce Kiddoo, the SVP & CFO of MXIM sold 8,062 shares for a total of $448,167.
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.
