Maxim Integrated Products Inc. (NASDAQ:MXIM) stock went on a downward path that fall over -1.16% on Thursday, amounting to a one-week price decrease of more than -3.05%. Over the last 12 months, MXIM stock dropped by 12.33%. The one-year MXIM stock forecast points to a potential downside of -0.1, with the average price target set at $64.00 per share. 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 MXIM stock reached $15.65 billion, with 270.84 million shares outstanding and 268.41 million shares in the current float. Compared to the average trading volume of 1.66M shares, MXIM reached a trading volume of 3039182 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 $63.71 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 October 30, 2019. While these analysts kept the previous recommendation, BofA/Merrill raised their target price from $60 to $65. The new note on the price target was released on October 30, 2019, representing the official price target for Maxim Integrated Products Inc. stock.
The Average True Range (ATR) for Maxim Integrated Products Inc. is set at 1.22, with the Price to Sales ratio for MXIM stock in the period of the last 12 months amounting to 7.08. The Price to Book ratio for the last quarter was 8.81, with the Price to Cash per share for the same quarter was set at 6.62. Price to Free Cash Flow for MXIM in the course of the last twelve months was 72.15 with Quick ratio for the last quarter at 6.40.
How has MXIM stock performed recently?
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 -3.05. With this latest performance, MXIM shares gained by 0.06% in over the last four-week period, additionally plugging by 7.82% over the last 6 months – not to mention a rise of 12.33% 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 43.96, with the RSI for the last a single of trading hit 38.49, and the three-weeks RSI is set at 47.99 for Maxim Integrated Products Inc. (MXIM). The present Moving Average for the last 50 days of trading for this stock 58.15, while it was recorded at 58.66 for the last single week of trading, and 56.99 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 +32.57 and a Gross Margin at +64.72. Maxim Integrated Products Inc.’s Net Margin is presently recorded at +35.76.
Return on Total Capital for MXIM is now 24.09, given the latest momentum, and Return on Invested Capital for the company is 28.73. Return on Equity for this stock inclined to 43.83, with Return on Assets sitting at 20.19. 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 53.79. Additionally, MXIM Total Debt to Total Capital is recorded at 34.98, with Total Debt to Total Assets ending up at 26.51. Long-Term Debt to Equity for the company is recorded at 53.79, with the Long-Term Debt to Total Capital now at 34.98.
Reflecting on the efficiency of the workforce at the company, Maxim Integrated Products Inc. (MXIM) managed to generate an average of $116,041 per employee. Receivables Turnover for the company is 7.23 with a Total Asset Turnover recorded at a value of 0.56. Maxim Integrated Products Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.40 and a Current Ratio set at 7.10.
Earnings analysis for Maxim Integrated Products Inc. (MXIM)
With the latest financial reports released by the company, Maxim Integrated Products Inc. posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at 0.62/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.20%. 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 9.24%.
Insider trade positions for Maxim Integrated Products Inc. (MXIM)
There are presently around $15,399 million, or 95.20% of MXIM stock, in the hands of institutional investors. The top three institutional holders of MXIM stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 37,680,681, which is approximately -0.47% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 31,068,831 shares of the stock with an approximate value of $1.0 billion in MXIM stocks shares; and BLACKROCK INC., currently with $1.0 billion in MXIM stock with ownership of nearly 2.521% 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 264 institutional holders increased their position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by around 18,239,691 shares. Additionally, 256 investors decreased positions by around 12,320,581 shares, while 73 investors held positions by with 232,844,538 shares. The mentioned changes placed institutional holdings at 263,404,810 shares, according to the latest SEC report filing. MXIM stock had 54 new institutional investments in for a total of 2,289,696 shares, while 58 institutional investors sold positions of 1,087,114 shares during the same period.