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Zacks Investment Research downgraded Maxim Integrated Products Inc. (NASDAQ:MXIM) to Hold in a report released today.

Zacks Investment Research has downgraded Maxim Integrated Products Inc. (NASDAQ:MXIM) to Hold in a report released on 6/08/2017.

Yesterday Maxim Integrated Products Inc. (NASDAQ:MXIM) traded 0.20% higher at $49.37. The company’s 50-day moving average is $46.93 and its 200-day moving average is $46.01. The last stock close price is up 7.06% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 565,466 shares of the stock were exchanged, down from an average trading volume of 2,035,070

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Maxim Integrated Products Inc. (NASDAQ:MXIM)

Maxim Integrated Products Inc. has a 52 week low of $37.25 and a 52 week high of $49.70 with a P/E ratio of 24.88 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 23 firms have reported on the stock. The consensus target price is $39.33 with 3 firms rating the stock a strong buy, 11 firms rating the stock a buy, 11 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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