Maxim Integrated Products Inc. (NASDAQ:MXIM) had its price target boosted by Credit Suisse from $32.00 to $35.00 in a research note issued to investors on Friday morning, AnalystRatings.NET reports. The firm currently has a neutral rating on the stock.

Maxim Integrated Products (NASDAQ:MXIM) traded down 0.99% during midday trading on Friday, reaching $32.05. 3,762,840 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $35.29 and its 200 day moving average is $35.45. Maxim Integrated Products has a 1-year low of $29.47 and a 1-year high of $42.18. The stock has a market cap of $9.18 billion and a P/E ratio of 53.96.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 3rd. Stockholders of record on Thursday, February 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, February 16th.

A number of other brokerages also recently weighed in on MXIM. Barclays dropped their target price on shares of Maxim Integrated Products from $34.00 to $33.00 in a research note on Thursday, January 14th. Jefferies Group reaffirmed a buy rating and issued a $42.00 target price on shares of Maxim Integrated Products in a research note on Friday, October 23rd. Nomura reaffirmed a hold rating on shares of Maxim Integrated Products in a research note on Sunday, October 25th. Maxim Group raised shares of Maxim Integrated Products from a neutral rating to a buy rating in a research note on Thursday, December 10th. Finally, B. Riley reaffirmed a hold rating and issued a $31.00 target price on shares of Maxim Integrated Products in a research note on Saturday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Maxim Integrated Products presently has an average rating of Buy and a consensus target price of $37.73.

Several institutional investors recently modified their holdings of MXIM. Somerset Trust Co raised its position in shares of Maxim Integrated Products by 0.5% in the fourth quarter. Somerset Trust Co now owns 34,140 shares of the company’s stock valued at $1,297,000 after buying an additional 160 shares during the last quarter. Commonwealth Equity Services raised its position in shares of Maxim Integrated Products by 0.8% in the fourth quarter. Commonwealth Equity Services now owns 62,345 shares of the company’s stock valued at $2,369,000 after buying an additional 493 shares during the last quarter. Fourth Swedish National Pension Fund raised its position in shares of Maxim Integrated Products by 2.0% in the fourth quarter. Fourth Swedish National Pension Fund now owns 79,932 shares of the company’s stock valued at $3,037,000 after buying an additional 1,571 shares during the last quarter. Sigma Planning raised its position in shares of Maxim Integrated Products by 21.3% in the fourth quarter. Sigma Planning now owns 10,555 shares of the company’s stock valued at $401,000 after buying an additional 1,856 shares during the last quarter. Finally, First American Bank raised its position in shares of Maxim Integrated Products by 3.0% in the fourth quarter. First American Bank now owns 97,096 shares of the company’s stock valued at $3,689,000 after buying an additional 2,854 shares during the last quarter.

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

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