Maxim Integrated Products Inc (NASDAQ:MXIM) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $31.99, down by -0.99%, with a volume of 5,002,651 shares against an average amount for the last three months of 3,233,780.

Maxim Integrated Products Inc (NASDAQ:MXIM) stock is currently trading 24.16% below its 52-week-high, 8.55% above its 52-week-low. The 1-year stock price history is in the range of $29.47 – $42.18. Maxim Integrated Products Inc (MXIM) has a price to earnings ratio of 280.61 versus Technology sector average of 23.42. MXIM stock price has underperformed the Nasdaq by 6%. The Semiconductors Components company is currently valued at $9.09 billion, and its share price closed the last trading session at $31.99. The stock has a 50-day moving average of $36.7 and a 200-day moving average of $35.53.

Maxim Integrated Products Inc (MXIM) current short interest stands at 3.63 million shares. It has decreased by 25% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.76 million shares, the number of days required to cover the short positions stand at 0.8 day.

MXIM is forecasted to report earnings per share of $0.32 and a revenue of $505.08 million for the 2nd Quarter of the fiscal year 2015. Maxim Integrated Products Inc (MXIM) declared last quarter earnings on Thursday, October 22, 2015. The Semiconductors Components company announced earnings per share of $0.42 against a consensus Street estimate of $0.41, beating the average estimate by $0.01. The company posted a revenue of $562.5 million compared to an estimation of $564.3 million.

There are currently twenty-seven analysts that cover Maxim Integrated Products Inc stock. Of those twenty-seven, twelve have a Buy rating, fourteen have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $38.32.

A recent analyst activity consisted of B. Riley reiterating their Neutral stance on January 15. B. Riley decreased price target from $34 to $31. This corresponds to a 3.09% downside from the last closing price. On the date of report, the stock closed at $31.99.

Nomura upgraded their Neutral rating to Buy on December 9. On the date of report, the stock closed at $37.11.

Another research firm was Jefferies who reiterated their Buy stance on October 23. Jefferies increased their price target on Maxim Integrated Products Inc from $39 to $42. This translates to a 31.29% upside from the last closing price. On the date of report, the stock closed at $37.66.

Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits. The Company also provides a range of high-frequency design processes and capabilities that can be used in custom design.

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