Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Maxim Integrated Products (MXIM) Stock Price

Media headlines about Maxim Integrated Products (NASDAQ:MXIM) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Maxim Integrated Products earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.1786430716161 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Maxim Integrated Products (NASDAQ:MXIM) traded up $0.66 during trading on Thursday, hitting $52.16. 1,650,346 shares of the stock traded hands, compared to its average volume of 2,046,936. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. The stock has a market cap of $14,535.97, a PE ratio of 22.95, a P/E/G ratio of 2.02 and a beta of 1.10. Maxim Integrated Products has a 12-month low of $38.18 and a 12-month high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. equities research analysts forecast that Maxim Integrated Products will post 2.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 70.24%.

Several research firms recently commented on MXIM. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Citigroup increased their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. SunTrust Banks increased their target price on shares of Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets increased their target price on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, Bank of America increased their target price on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Maxim Integrated Products presently has an average rating of “Hold” and an average target price of $52.14.

In other news, Director Mary Ann Wright sold 560 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $46.29, for a total transaction of $25,922.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tunc Doluca sold 30,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $52.16, for a total transaction of $1,564,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,527 shares of company stock worth $10,587,830. Corporate insiders own 1.11% of the company’s stock.

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Maxim Integrated Products Company Profile

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 caters to automotive, communications and data center, computing, consumer and industrial markets.

Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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