Maxim Integrated Products Inc. (NASDAQ:MXIM) has received an “A+” credit rating from analysts at Morningstar. The firm’s “A+” rating suggests that the company is a low default risk. They also gave their stock a three star rating.

A number of other brokerages also recently weighed in on MXIM. RBC Capital upped their price target on shares of Maxim Integrated Products from $37.00 to $41.00 and gave the stock a “sector perform” rating in a report on Thursday, October 22nd. Deutsche Bank reaffirmed a “buy” rating on shares of Maxim Integrated Products in a report on Friday, November 13th. Pacific Crest upped their price target on shares of Maxim Integrated Products from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of Maxim Integrated Products to $43.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Maxim Integrated Products in a report on Friday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Maxim Integrated Products has an average rating of “Buy” and a consensus target price of $37.73.

In other news, Director James R. Bergman sold 27,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 26th. The shares were sold at an average price of $31.81, for a total value of $866,822.50. Following the completion of the sale, the director now directly owns 96,600 shares in the company, valued at approximately $3,072,846. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

An institutional investor recently raised its position in Maxim Integrated Products stock. ING Groep raised its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 11.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,590 shares of the company’s stock after buying an additional 55,590 shares during the period. ING Groep owned about 0.19% of Maxim Integrated Products worth $17,716,000 at the end of the most recent quarter.

Shares of Maxim Integrated Products (NASDAQ:MXIM) opened at 33.40 on Friday. Maxim Integrated Products has a 12-month low of $29.47 and a 12-month high of $42.18. The firm has a 50-day moving average of $35.01 and a 200-day moving average of $35.43. The firm has a market capitalization of $9.57 billion and a PE ratio of 56.23.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, January 21st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company had revenue of $510.80 million for the quarter, compared to the consensus estimate of $505.08 million. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities analysts anticipate that Maxim Integrated Products will post $1.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 3rd. Shareholders of record on Thursday, February 18th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 16th. This represents a $1.20 annualized dividend and a yield of 3.59%.

Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers. The Company serves markets, including communications and data center, computing and consumer markets. Its communications and data center caters to base stations, data storage, servers, telecommunications and other communications. Its computing caters to desktop computers, notebook computers and peripherals. Its consumer products cater to smartphones, digital cameras, handheld computers, home entertainment and appliances.

12 Month Chart for NASDAQ:MXIM

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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