Friday, November 27, 2020

Maxim Integrated Products Inc. [MXIM] Stock trading around $73.55 per share: What’s Next?

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Maxim Integrated Products Inc. [NASDAQ: MXIM] surged by $0.07 during the normal trading session on Thursday and reaching a high of $73.73 during the day while it closed the day at $73.55. The company report on October 13, 2020 that Maxim Integrated’s Automotive Buck-Boost Controller Enables Automotive USB Power Delivery Ports with Industry’s Smallest Solution Size and Lowest Cost.

MAX25430 slashes design size up to 40 percent and eliminates microcontrollers, metal enclosures and heat sinks for 25 percent lower cost than competitive solutions.


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Designers of automotive chargers now have the industry’s smallest and lowest-cost solution with the MAX25430 100W USB Power Delivery (PD) buck-boost controller and protector from Maxim Integrated Products, Inc. (NASDAQ: MXIM). As the industry’s most integrated solution, the MAX25430 can reduce design size up to 40 percent compared to competitive solutions and offer the industry’s lowest cost for increasing the number of USB PD ports in vehicles.

Maxim Integrated Products Inc. stock has also loss -0.16% of its value over the past 7 days. However, MXIM stock has inclined by 9.56% in the 3 months of the year. Over the past six months meanwhile, it has gained 37.04% and gained 19.57% year-on date.

The market cap for MXIM stock reached $19.82 billion, with 266.64 million shares outstanding and 265.62 million shares in the current float. Compared to the average trading volume of 3.50M shares, MXIM reached a trading volume of 1149818 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 1.77, with the Price to Sales ratio for MXIM stock in the period of the last 12 months amounting to 9.05. The Price to Book ratio for the last quarter was 11.82, with the Price to Cash per share for the same quarter was set at 5.99. Price to Free Cash Flow for MXIM in the course of the last twelve months was 91.48 with Quick ratio for the last quarter at 4.50.

MXIM stock trade performance evaluation

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 -0.16. With this latest performance, MXIM shares gained by 13.85% in over the last four-week period, additionally plugging by 37.04% over the last 6 months – not to mention a rise of 30.18% 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 60.22, with the RSI for the last a single of trading hit 63.64, and the three-weeks RSI is set at 60.21 for Maxim Integrated Products Inc. [MXIM]. The present Moving Average for the last 50 days of trading for this stock 69.04, while it was recorded at 73.05 for the last single week of trading, and 61.17 for the last 200 days.

Maxim Integrated Products Inc. [MXIM]: An insightful look at the core 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 +31.64 and a Gross Margin at +65.24. Maxim Integrated Products Inc.’s Net Margin is presently recorded at +29.88.

Return on Total Capital for MXIM is now 24.99, given the latest momentum, and Return on Invested Capital for the company is 23.65. Return on Equity for this stock inclined to 37.38, with Return on Assets sitting at 17.76. When it comes to the capital structure of this company, Maxim Integrated Products Inc. [MXIM] has a Total Debt to Total Equity ratio set at 63.52. Additionally, MXIM Total Debt to Total Capital is recorded at 38.84, with Total Debt to Total Assets ending up at 29.01. Long-Term Debt to Equity for the company is recorded at 62.89, with the Long-Term Debt to Total Capital now at 38.46.

Reflecting on the efficiency of the workforce at the company, Maxim Integrated Products Inc. [MXIM] managed to generate an average of $92,016 per employee. Receivables Turnover for the company is 5.73 with a Total Asset Turnover recorded at a value of 0.59.Maxim Integrated Products Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.50 and a Current Ratio set at 5.10.

Earnings per share (EPS) analysis for Maxim Integrated Products Inc. [MXIM] stock

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%.

Maxim Integrated Products Inc. [MXIM]: Insider Ownership positions

There are presently around $17,684 million, or 92.30% 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 $1.99 billion in MXIM stocks shares; and BLACKROCK INC., currently with $1.66 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 284 institutional holders increased their position in Maxim Integrated Products Inc. [NASDAQ:MXIM] by around 21,444,653 shares. Additionally, 262 investors decreased positions by around 24,568,504 shares, while 68 investors held positions by with 194,417,660 shares. The mentioned changes placed institutional holdings at 240,430,817 shares, according to the latest SEC report filing. MXIM stock had 80 new institutional investments in for a total of 4,522,619 shares, while 51 institutional investors sold positions of 1,500,615 shares during the same period.

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