Maxim Integrated Products Inc. [MXIM] is 31.30% higher this YTD. Is it still time to buy?

Maxim Integrated Products Inc. [NASDAQ: MXIM] loss -1.62% on the last trading session, reaching $80.76 price per share at the time. The company report on November 12, 2020 that How Being Bold Brings Smart Automation Solutions.

By Jeff DeAngelis, Vice President, Industrial Communications for Industrial and Healthcare Business Unit at Maxim Integrated.

In the Spring of 2019, Maxim Integrated’s CEO, Tunç Doluca, took a bold step and released his first book titled, “Maximum Impact: Maxim’s Quiet Rise as Silicon Valley’s Most Prolific Analog Chip Maker.” This book chronicles Maxim Integrated’s founders along with the company’s growth over the past 37 years. While I am still considered a short timer at Maxim Integrated with 16 years of service, the Maxim Integrated story parallels the passion, inspiration and innovation that is woven into the very fabric of Silicon Valley.

Maxim Integrated Products Inc. represents 266.83 million in outstanding shares, while the company has a total market value of $21.40 billion with the latest information. MXIM stock price has been found in the range of $80.32 to $81.95.

If compared to the average trading volume of 3.02M shares, MXIM reached a trading volume of 4383968 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 $73.40 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 2.10, with the Price to Sales ratio for MXIM stock in the period of the last 12 months amounting to 9.39. The Price to Book ratio for the last quarter was 12.60, with the Price to Cash per share for the same quarter was set at 6.09. Price to Free Cash Flow for MXIM in the course of the last twelve months was 86.31 with Quick ratio for the last quarter at 4.70.

Trading performance analysis for MXIM stock

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 0.80. With this latest performance, MXIM shares gained by 11.67% in over the last four-week period, additionally plugging by 41.73% over the last 6 months – not to mention a rise of 42.64% 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 66.30, with the RSI for the last a single of trading hit 65.60, and the three-weeks RSI is set at 64.34 for Maxim Integrated Products Inc. [MXIM]. The present Moving Average for the last 50 days of trading for this stock 71.44, while it was recorded at 81.25 for the last single week of trading, and 62.43 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 +31.64 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 4.70 and a Current Ratio set at 5.30.

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 0.56/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.70%. 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 15.71%.

An analysis of insider ownership at Maxim Integrated Products Inc. [MXIM]

There are presently around $18,828 million, or 90.80% of MXIM stock, in the hands of institutional investors. The top three institutional holders of MXIM stocks are: VANGUARD GROUP INC with ownership of 30,432,959, which is approximately -6.265% of the company’s market cap and around 0.30% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 27,612,282 shares of the stock with an approximate value of $2.23 billion in MXIM stocks shares; and BLACKROCK INC., currently with $1.69 billion in MXIM stock with ownership of nearly -7.681% of the company’s market capitalization.

Positions in Maxim Integrated Products Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 267 institutional holders increased their position in Maxim Integrated Products Inc. [NASDAQ:MXIM] by around 50,083,456 shares. Additionally, 326 investors decreased positions by around 58,187,327 shares, while 80 investors held positions by with 124,864,224 shares. The mentioned changes placed institutional holdings at 233,135,007 shares, according to the latest SEC report filing. MXIM stock had 106 new institutional investments in for a total of 26,520,043 shares, while 89 institutional investors sold positions of 6,311,665 shares during the same period.

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