Raymond James Sticks to Their Hold Rating for Maxim Integrated (MXIM)

Raymond James analyst Chris Caso reiterated a Hold rating on Maxim Integrated (MXIM) yesterday. The company’s shares closed last Tuesday at $96.92, close to its 52-week high of $98.48.

According to TipRanks.com, Caso is a 5-star analyst with an average return of 21.8% and a 63.7% success rate. Caso covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and SiTime Corporation.

Currently, the analyst consensus on Maxim Integrated is a Moderate Buy with an average price target of $100.00, implying a 2.5% upside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.

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Maxim Integrated’s market cap is currently $25.98B and has a P/E ratio of 36.60. The company has a Price to Book ratio of 20.34.

Based on the recent corporate insider activity of 67 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.

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.

Incorporated in 1983 and based in California, Maxim Integrated Products, Inc. is engaged in the design, development, manufacturing, and marketing of linear and mixed-signal integrated circuits. The company serves the automotive, communications and data center, consumer, and industrial markets.

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