Maxim Integrated (MXIM) Receives a Rating Update from a Top Analyst

Oppenheimer analyst Rick Schafer maintained a Hold rating on Maxim Integrated (MXIM) today. The company’s shares closed last Tuesday at $93.17, close to its 52-week high of $98.44.

According to, Schafer is a top 100 analyst with an average return of 25.8% and a 79.0% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and Skyworks Solutions.

Currently, the analyst consensus on Maxim Integrated is a Moderate Buy with an average price target of $90.00, which is a -2.8% downside from current levels. In a report issued on January 21, Citigroup also maintained a Hold rating on the stock with a $98.00 price target.

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Based on Maxim Integrated’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $619 million and net profit of $170 million. In comparison, last year the company earned revenue of $533 million and had a net profit of $140 million.

Based on the recent corporate insider activity of 79 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.

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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.

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