Maxim Integrated Products Inc. [NASDAQ: MXIM] gained 0.07% or 0.05 points to close at $68.95 with a heavy trading volume of 3471982 shares.
It opened the trading session at $68.81, the shares rose to $69.79 and dropped to $68.61, the range by which the price of stock traded the whole day. The daily chart for MXIM points out that the company has recorded 10.44% gains over the past six months. However, it is still -64.44% lower than its most recent low trading price.
If we look at the average trading volume of 3.43M shares, MXIM reached to a volume of 3471982 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 1.50, with the Price to Sales ratio for MXIM stock in the period of the last 12 months amounting to 8.49. The Price to Book ratio for the last quarter was 11.45, with the Price to Cash per share for the same quarter was set at 6.25. Price to Free Cash Flow for MXIM in the course of the last twelve months was 82.31 with Quick ratio for the last quarter at 5.40.
Trading performance analysis for MXIM stock
Maxim Integrated Products Inc. [MXIM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.64. With this latest performance, MXIM shares dropped by -0.07% in over the last four-week period, additionally plugging by 10.44% over the last 6 months – not to mention a rise of 26.75% 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 55.77, with the RSI for the last a single of trading hit 52.63, and the three-weeks RSI is set at 57.87 for Maxim Integrated Products Inc. [MXIM]. The present Moving Average for the last 50 days of trading for this stock 65.30, while it was recorded at 68.96 for the last single week of trading, and 58.89 for the last 200 days.
Maxim Integrated Products Inc. [MXIM]: A deeper dive into fundamental analysis
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.
Maxim Integrated Products Inc. [MXIM]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Maxim Integrated Products Inc. [MXIM]
There are presently around $16,778 million, or 96.00% of MXIM stock, in the hands of institutional investors. The top three institutional holders of MXIM stocks are: VANGUARD GROUP INC with ownership of 32,467,063, which is approximately -3.678% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 27,086,794 shares of the stock with an approximate value of $1.87 billion in MXIM stocks shares; and BLACKROCK INC., currently with $1.56 billion in MXIM stock with ownership of nearly -1.401% 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 297 institutional holders increased their position in Maxim Integrated Products Inc. [NASDAQ:MXIM] by around 21,814,098 shares. Additionally, 262 investors decreased positions by around 23,480,814 shares, while 61 investors held positions by with 198,040,920 shares. The mentioned changes placed institutional holdings at 243,335,832 shares, according to the latest SEC report filing. MXIM stock had 86 new institutional investments in for a total of 4,430,246 shares, while 46 institutional investors sold positions of 1,271,183 shares during the same period.