Cowen lifts Maxim Integrated Products Inc. [MXIM] price estimate. Who else is bullish?

Maxim Integrated Products Inc. [NASDAQ: MXIM] stock went on a downward path that fall over -0.43% on Friday, amounting to a one-week price decrease of less than -0.67%. The company report on April 6, 2021 that Maxim Integrated To Announce Fiscal Third Quarter 2021 Results.

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Maxim Integrated Products, Inc. (NASDAQ: MXIM) will provide a press release with fiscal third quarter 2021 results after market close on Tuesday, April 27, 2021. This release will be available at

There will not be a conference call associated with the upcoming press release.

Over the last 12 months, MXIM stock rose by 81.20%. The one-year Maxim Integrated Products Inc. stock forecast points to a potential downside of -3.97. The average equity rating for MXIM stock is currently 2.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $25.61 billion, with 267.30 million shares outstanding and 266.45 million shares in the current float. Compared to the average trading volume of 2.19M shares, MXIM stock reached a trading volume of 3270062 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $91.50 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 2.28, with the Price to Sales ratio for MXIM stock in the period of the last 12 months amounting to 10.87. The Price to Book ratio for the last quarter was 13.19, with the Price to Cash per share for the same quarter was set at 6.71. Price to Free Cash Flow for MXIM in the course of the last twelve months was 73.63 with Quick ratio for the last quarter at 5.10.

MXIM Stock Performance Analysis:

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 -0.67. With this latest performance, MXIM shares gained by 4.40% in over the last four-week period, additionally plugging by 30.40% over the last 6 months – not to mention a rise of 81.20% 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 55.16, with the RSI for the last a single of trading hit 55.73, and the three-weeks RSI is set at 54.40 for Maxim Integrated Products Inc. [MXIM]. The present Moving Average for the last 50 days of trading for this stock 92.22, while it was recorded at 94.93 for the last single week of trading, and 80.13 for the last 200 days.

Insight into Maxim Integrated Products Inc. 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 5.10 and a Current Ratio set at 5.70.


With the latest financial reports released by the company, Maxim Integrated Products Inc. posted 0.61/share EPS, while the average EPS was predicted by analysts to be reported at 0.58/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.20%. 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 18.44%.

Maxim Integrated Products Inc. [MXIM] Insider Position Details

There are presently around $21,550 million, or 85.90% of MXIM stock, in the hands of institutional investors. The top three institutional holders of MXIM stocks are: VANGUARD GROUP INC with ownership of 30,044,172, which is approximately -1.278% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 25,847,786 shares of the stock with an approximate value of $2.46 billion in MXIM stocks shares; and BLACKROCK INC., currently with $2.06 billion in MXIM stock with ownership of nearly 3.613% of the company’s market capitalization.

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Positions in Maxim Integrated Products Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 274 institutional holders increased their position in Maxim Integrated Products Inc. [NASDAQ:MXIM] by around 24,039,123 shares. Additionally, 310 investors decreased positions by around 30,337,160 shares, while 86 investors held positions by with 172,153,073 shares. The mentioned changes placed institutional holdings at 226,529,356 shares, according to the latest SEC report filing. MXIM stock had 91 new institutional investments in for a total of 2,237,410 shares, while 49 institutional investors sold positions of 4,489,790 shares during the same period.

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