Maxim Integrated Gets a Hold from BMO Capital

By Carrie Williams

In a report released today, Ambrish Srivastava from BMO Capital reiterated a Hold rating on Maxim Integrated (NASDAQ: MXIM), with a price target of $43. The company’s shares opened today at $44.11.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 13.0% and a 73.7% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Samsung Electronics, and Skyworks Solutions.

Currently, the analyst consensus on Maxim Integrated is Moderate Buy and the average price target is $46.50, representing a 5.4% upside.

In a report issued on April 3, RBC Capital also reiterated a Hold rating on the stock with a $45 price target.

Based on the recent corporate insider activity of 131 insiders, corporate insider sentiment is negative on the stock.

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Maxim Integrated Products, Inc. designs, develops, manufactures and markets a broad range of linear and mixed-signal integrated circuits. Its products include integrated power circuits, amplifiers, data converters, analog filters, transceivers, expanders, level translators, broadband switches, powerline communications, microcontrollers, data loggers, ibutton, solar energy, and automotive. The company was founded by Jack F. Gifford in 1983 and is headquartered in San Jose, CA.