Traders See Bearish Options Activity Maxim Integrated Products Inc.

 Traders See Bearish Options Activity Maxim Integrated Products Inc.

In today’s session Maxim Integrated Products Inc. (MXIM) recorded an unusually high (500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious MXIM decrease. With 500 contracts traded and 5914 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: MXIM161021P00039000 closed last at: $1.75 or 25% up. About 293,401 shares traded hands. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 12.14% since March 10, 2016 and is uptrending. It has outperformed by 4.62% the S&P500.

Analysts await Maxim Integrated Products Inc. (NASDAQ:MXIM) to report earnings on October, 27. They expect $0.47 EPS, up 11.90% or $0.05 from last year’s $0.42 per share. MXIM’s profit will be $132.63 million for 19.90 P/E if the $0.47 EPS becomes a reality. After $0.49 actual EPS reported by Maxim Integrated Products Inc. for the previous quarter, Wall Street now forecasts -4.08% negative EPS growth.

Maxim Integrated Products Inc. (NASDAQ:MXIM) Ratings Coverage

Out of 18 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 10 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 56% are positive. Maxim Integrated Products Inc. has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Zacks upgraded Maxim Integrated Products Inc. (NASDAQ:MXIM) on Thursday, September 17 to “Buy” rating. M Partners maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) rating on Friday, July 22. M Partners has “Neutral” rating and $40 price target. As per Tuesday, September 20, the company rating was initiated by Susquehanna. The firm earned “Underperform” rating on Tuesday, May 17 by CLSA. The firm earned “Sector Perform” rating on Monday, August 3 by RBC Capital Markets. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, July 19 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, January 12. The stock has “Outperform” rating given by Raymond James on Tuesday, April 19. As per Friday, July 24, the company rating was upgraded by Evercore. RBC Capital Markets maintained Maxim Integrated Products Inc. (NASDAQ:MXIM) on Thursday, October 22 with “Sector Perform” rating.

According to Zacks Investment Research, “Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits. The company also provides a range of high-frequency design processes and capabilities that can be used in custom design.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.03, from 1.17 in 2016Q1. The ratio is negative, as 29 funds sold all Maxim Integrated Products Inc. shares owned while 127 reduced positions. 48 funds bought stakes while 130 increased positions. They now own 251.12 million shares or 2.76% less from 258.25 million shares in 2016Q1.
Dnb Asset Management As has 25,439 shares for 0% of their US portfolio. Acadian Asset Mngmt Ltd reported 14,708 shares or 0% of all its holdings. Mufg Americas, a New York-based fund reported 4,500 shares. Cibc Asset Management Inc has invested 0.01% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM). Neuberger Berman Grp Inc Ltd has 0.05% invested in the company for 1.05 million shares. The Ontario – Canada-based Manufacturers Life Ins Com The has invested 0% in Maxim Integrated Products Inc. (NASDAQ:MXIM). State Of Alaska Department Of Revenue, a Alaska-based fund reported 22,810 shares. Victory Capital Mngmt Inc last reported 0.04% of its portfolio in the stock. Blackrock Ltd Company holds 346,156 shares or 0.01% of its portfolio. Martingale Asset Management Lp owns 11,618 shares or 0.01% of their US portfolio. Gardner Lewis Asset L P has invested 0.11% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM). Independent Consultants owns 2,630 shares or 0.03% of their US portfolio. Atlantic Group Inc Ltd Llc has 126,287 shares for 0.03% of their US portfolio. Stevens Limited Partnership accumulated 213,236 shares or 0.3% of the stock. British Columbia Management Corporation holds 0.04% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 141,266 shares.

Insider Transactions: Since April 26, 2016, the stock had 0 buys, and 39 sales for $24.07 million net activity. The insider DOLUCA TUNC sold 12,500 shares worth $449,558. MEDLIN EDWIN sold $190,000 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Wednesday, June 1. NEIL CHRISTOPHER J sold $740,000 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Tuesday, May 24. 35,012 Maxim Integrated Products Inc. (NASDAQ:MXIM) shares with value of $1.44M were sold by YAMASAKI STEVEN T. BERGMAN JAMES R also sold $679,378 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) shares. Shares for $2.50M were sold by WATKINS WILLIAM D. On Thursday, August 4 the insider WAZZAN A R FRANK sold $122,659.

Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The company has a market cap of $10.56 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 47.93 P/E ratio. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets.

MXIM Company Profile

Maxim Integrated Products, Inc., incorporated on August 19, 1987, is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets. The Firm offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, universal serial bus (USB) products, current loop products, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.

Another recent and important Maxim Integrated Products Inc. (NASDAQ:MXIM) news was published by Prnewswire.com which published an article titled: “Semiconductor Stocks Under Scanner — Cypress Semiconductor, Maxim Integrated …” on October 12, 2016.

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