Maxim Integrated Products Inc. (NASDAQ:MXIM) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 21, 2016
Zacks Investment Research has downgraded Maxim Integrated Products Inc. (NASDAQ:MXIM) to Sell in a statement released on Wednesday September 21, 2016.
On 9/20/2016, Maxim Group released a statement on Maxim Integrated Products Inc. (NASDAQ:MXIM) bumped up the target price from $0.00 to $50.00 that suggested an upside of 0.29%.
Boasting a price of $38.63, Maxim Integrated Products Inc. (NASDAQ:MXIM) traded 0.41% higher on the day. With the last close up 3.24% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Maxim Integrated Products Inc. has recorded a 50-day average of $40.19 and a two hundred day average of $37.60. Volume of trade was down over the average, with 1,752,617 shares of MXIM changing hands under the typical 2,334,370
With a total market value of $0, Maxim Integrated Products Inc. has price-earnings ratio of 49.14 with a one year low of $30.28 and a one year high of $42.37 .
A total of 23 analysts have released a research note on MXIM. Three analysts rating the company a strong buy, eleven analysts rating the company a buy, eleven analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $39.33.
More About Maxim Integrated Products Inc. (NASDAQ:MXIM)
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. It offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.
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