Oppenheimer analyst Rick Schafer maintained a Hold rating on Maxim Integrated (MXIM) today. The company’s shares closed last Monday at $54.57.
According to TipRanks.com, Schafer is a top 25 analyst with an average return of 18.2% and a 74.4% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
The word on The Street in general, suggests a Hold analyst consensus rating for Maxim Integrated with a $58.07 average price target, representing a 7.6% upside. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $48.00 price target.
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The company has a one-year high of $65.74 and a one-year low of $41.94. Currently, Maxim Integrated has an average volume of 2.75M.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MXIM in relation to earlier this year. Most recently, in February 2020, James Bergman, a Director at MXIM sold 10,300 shares for a total of $625,725.
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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.
