Maxim Integrated Products Inc. [NASDAQ: MXIM] jumped around 0.3 points on Tuesday, while shares priced at $69.18 at the close of the session, up 0.44%. The company report on August 3, 2020 that SHAREHOLDER ALERT: Halper Sadeh LLP Continues to Investigate the Following Mergers; Shareholders are Encouraged to Contact the Firm.
Halper Sadeh LLP, a global investor rights law firm, is investigating:.
National General Holdings Corp. (NASDAQ: NGHC) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to The Allstate Corporation for $34.50 per share. Under the terms of the proposed transaction, National General shareholders will receive $32.00 per share in cash and closing dividends expected to be $2.50 per share. To learn more about your legal rights and options, visit: https://halpersadeh.com/actions/national-general-holdings-corp-nghc-stock-merger-allstate/.
Maxim Integrated Products Inc. stock is now 12.47% up from its year-to-date (YTD) trading value. MXIM Stock saw the intraday high of $69.86 and lowest of $68.70 per share. The company’s 52-week high price is 73.52, which means current price is +64.99% above from all time high which was touched on 07/13/20.
Compared to the average trading volume of 3.14M shares, MXIM reached a trading volume of 5500283 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Maxim Integrated Products Inc. [MXIM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MXIM shares is $72.51 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MXIM stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Maxim Integrated Products Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on April 29, 2020. While these analysts kept the previous recommendation, Nomura raised their target price to Neutral. The new note on the price target was released on March 20, 2020, representing the official price target for Maxim Integrated Products Inc. stock. Previously, the target price had yet another raise from $62 to $65, while Cowen kept a Market Perform rating on MXIM stock.
The Average True Range (ATR) for Maxim Integrated Products Inc. is set at 1.79, with the Price to Sales ratio for MXIM stock in the period of the last 12 months amounting to 8.53. The Price to Book ratio for the last quarter was 11.49, with the Price to Cash per share for the same quarter was set at 6.24. Price to Free Cash Flow for MXIM in the course of the last twelve months was 82.74 with Quick ratio for the last quarter at 5.40.
How has MXIM stock performed recently?
Maxim Integrated Products Inc. [MXIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.35. With this latest performance, MXIM shares gained by 11.62% in over the last four-week period, additionally plugging by 10.88% over the last 6 months – not to mention a rise of 29.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MXIM stock in for the last two-week period is set at 59.33, with the RSI for the last a single of trading hit 58.64, and the three-weeks RSI is set at 61.13 for Maxim Integrated Products Inc. [MXIM]. The present Moving Average for the last 50 days of trading for this stock 63.13, while it was recorded at 69.01 for the last single week of trading, and 58.30 for the last 200 days.
Maxim Integrated Products Inc. [MXIM]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Maxim Integrated Products Inc. [MXIM] shares currently have an operating margin of +31.61 and a Gross Margin at +65.24. Maxim Integrated Products Inc.’s Net Margin is presently recorded at +29.88.
Return on Equity for this stock inclined to 37.38, with Return on Assets sitting at 17.76.
Maxim Integrated Products Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.40 and a Current Ratio set at 6.00.
Earnings analysis for Maxim Integrated Products Inc. [MXIM]
With the latest financial reports released by the company, Maxim Integrated Products Inc. posted 0.52/share EPS, while the average EPS was predicted by analysts to be reported at 0.49/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MXIM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Maxim Integrated Products Inc. go to 6.02%.
Insider trade positions for Maxim Integrated Products Inc. [MXIM]
There are presently around $17,114 million, or 94.80% of MXIM stock, in the hands of institutional investors. The top three institutional holders of MXIM stocks are: VANGUARD GROUP INC with ownership of 33,706,645, which is approximately 3.247% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 31,133,962 shares of the stock with an approximate value of $2.15 billion in MXIM stocks shares; and BLACKROCK INC., currently with $1.59 billion in MXIM stock with ownership of nearly 4.361% of the company’s market capitalization.
Positions in Maxim Integrated Products Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 259 institutional holders increased their position in Maxim Integrated Products Inc. [NASDAQ:MXIM] by around 17,202,326 shares. Additionally, 294 investors decreased positions by around 16,754,204 shares, while 61 investors held positions by with 213,432,120 shares. The mentioned changes placed institutional holdings at 247,388,650 shares, according to the latest SEC report filing. MXIM stock had 62 new institutional investments in for a total of 3,023,011 shares, while 66 institutional investors sold positions of 2,301,365 shares during the same period.