In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Maxim Integrated (MXIM), with a price target of $72. The company’s shares closed yesterday at $64.13, close to its 52-week high of $65.73.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.2% and a 66.8% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Intel Corporation.
Maxim Integrated has an analyst consensus of Moderate Buy, with a price target consensus of $62.50, implying a -2.5% downside from current levels. In a report issued on July 26, Deutsche Bank also maintained a Buy rating on the stock with a $70 price target.
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The company has a one-year high of $65.73 and a one-year low of $46.64. Currently, Maxim Integrated has an average volume of 1.66M.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is neutral on the stock.
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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.
