SunTrust Robinson Reiterates a Hold Rating on Maxim Integrated

By Ryan Adsit

In a report released yesterday, William Stein from SunTrust Robinson reiterated a Hold rating on Maxim Integrated (NASDAQ: MXIM), with a price target of $48. The company’s shares opened today at $49.09, close to its 52-week high of $49.70.

According to TipRanks.com, Stein is a 4-star analyst with an average return of 10.6% and a 68.4% success rate. Stein covers the Consumer Goods sector, focusing on stocks such as NXP Semiconductors, Texas Instruments, and Monolithic Power.

Maxim Integrated has an analyst consensus of Moderate Buy, with a price target consensus of $49.20.

The company has a one-year high of $49.70 and a one-year low of $37.25. Currently, Maxim Integrated has an average volume of 2.03M.

Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Robert Edward Grady, a Director at MXIM sold 30,849 shares for a total of $1,389,130.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.