Maxim Integrated (MXIM) Receives a Sell from Merrill Lynch

Merrill Lynch analyst Vivek Arya maintained a Sell rating on Maxim Integrated (MXIM) on March 9 and set a price target of $57.00. The company’s shares closed last Monday at $52.98.

According to, Arya is a 5-star analyst with an average return of 14.6% and a 53.0% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Applied Materials, and Texas Instruments.

Maxim Integrated has an analyst consensus of Hold, with a price target consensus of $64.58.

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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 $146 million. In comparison, last year the company had a net profit of $132 million.

Based on the recent corporate insider activity of 92 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. Last month, 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.

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