Maxim Integrated Products, Inc. (NASDAQ:MXIM) is now being followed by Cowen, as they initiated the stock at Market Perform on February 22. Analysts at BofA/Merrill, shed their positive views on January 04 by lowering it fromBuy to Neutral. The stock lost favor of Goldman analysts who expressed their lack of confidence in it using a downgrade from Neutral to Sell on October 18. KeyBanc Capital Mkts, released new analyst coverage on September 25, calling the stock is Sector Weight.
MXIM stock dropped -0.11% in recent trade and currently has a stock-market value of $14.57B. The shares finished at $52.88. Trading activity significantly improved as the volume at ready counter increased to 2,358,876 shares versus 1,992,720 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,242,698 shares. The stock is now 13.38% above against its bear-market low of $46.64 on December 24, 2018. It has retreated -20.42% since it’s 52-week high of $63.68 reached in August. Now the market price is down -14.97% on the year and up 3.99% YTD.
Maxim Integrated Products, Inc. (MXIM)’s 50 day simple moving average (SMA 50) price is $53.74 and its 200-day simple moving average (SMA 200) price is $56.09. The company’s stock currently has a total float of 271.38M shares. Its weekly volatility is hovering around 1.67% and felt 1.6% volatility in price over a month. On the upside, the share price will test short term resistance at around $53.13. On a downside, the stock is likely to find some support, which begins at $52.6. The failure to get near-term support could push it to $52.32.
When looking at valuations, Maxim Integrated Products, Inc. (MXIM) has a pricey P/E of 20.26x as compared to industry average of 9.03x. Moreover, it trades for 20.35 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 8.33x price/book and 5.84x price/sales. It’s also very liquid in the near term, with a current ratio of 6.5. The stock has a debt/capital of 0.57.
Shares of MXIM have dropped -3.7% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Maxim Integrated Products, Inc. (NASDAQ:MXIM) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 1 quarters (8%), whereas at 2 occasion EPS met analyst expectations. MXIM last reported earnings that receded expectations. The company raked in $0.6 per share, -83.87% change on the same period last year. That was worse than consensus for $0.62. Revenue for the recent quarter stood at $576.91 million, down -7% on last year and below the $594.82 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $540 million to $640 million, which should be compared with $678.06 million generated last year. EPS is seen in a range of $0.56 to $0.77, against the $0.79 reported a year ago.