In a report released yesterday, Chris Caso from Raymond James reiterated a Hold rating on Maxim Integrated (MXIM). The company’s shares closed last Tuesday at $93.17, close to its 52-week high of $98.44.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 22.5% and a 61.0% success rate. Caso covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Skyworks Solutions, and SiTime Corporation.
Maxim Integrated has an analyst consensus of Hold, with a price target consensus 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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The company has a one-year high of $98.44 and a one-year low of $41.58. Currently, Maxim Integrated has an average volume of 2.03M.
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.