Some Traders See Unusual Bullish Options Activity in Maxim Integrated Products Inc.

 Some Traders See Unusual Bullish Options Activity in Maxim Integrated Products Inc.

In today’s session Maxim Integrated Products Inc. (MXIM) registered an unusually high (1,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MXIM increase. With 1,000 contracts traded and 16654 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MXIM161216C00041000 closed last at: $0.65 or 23.5% down. About 390,012 shares traded hands. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 6.13% since April 11, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

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

Out of 19 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 11 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 58% are positive. $46 is the highest target while $31 is the lowest. The $39.21 average target is 0.56% above today’s ($38.99) stock price. Maxim Integrated Products Inc. has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, January 12. The company was upgraded on Friday, July 24 by Bank of America. CLSA initiated Maxim Integrated Products Inc. (NASDAQ:MXIM) on Tuesday, May 17 with “Underperform” rating. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) has “Buy” rating given on Wednesday, September 9 by Sterne Agee CRT. Goldman Sachs initiated Maxim Integrated Products Inc. (NASDAQ:MXIM) on Thursday, June 2 with “Neutral” rating. The firm earned “Neutral” rating on Monday, June 27 by Bank of America. The rating was upgraded by RBC Capital Markets on Friday, April 8 to “Outperform”. The stock has “Market Perform” rating given by BMO Capital Markets on Tuesday, July 19. As per Wednesday, August 31, the company rating was maintained by Barclays Capital. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, September 7.

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 2016 Q2. Its down 0.03, from 1.17 in 2016Q1. The ratio dropped, 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.
Harvest Management Limited Liability Com, a New York-based fund reported 5,924 shares. Oakworth Cap reported 1,635 shares or 0.02% of all its holdings. Moody National Bank & Trust Division holds 21,647 shares or 0.04% of its portfolio. Prospector Prns Ltd Limited Liability Company owns 37,800 shares or 0.23% of their US portfolio. Tokio Marine Asset holds 0.03% or 9,327 shares in its portfolio. Eqis Cap Management Inc last reported 0.02% of its portfolio in the stock. Hbk Invests Ltd Partnership last reported 302,100 shares in the company. Tiaa Cref Management Limited has 0.04% invested in the company for 1.49M shares. Susquehanna Grp Inc Limited Liability Partnership last reported 0% of its portfolio in the stock. Arrowstreet Cap Limited Partnership reported 721,707 shares or 0.09% of all its holdings. Schwab Charles accumulated 0.06% or 1.27M shares. World Asset Management has invested 0.01% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM). Alpha Windward holds 838 shares or 0.02% of its portfolio. Natl Bank Of America De last reported 0.02% of its portfolio in the stock. Wall Street Assoc, a California-based fund reported 6,713 shares.

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 38 insider sales for $23.74 million net activity. Shares for $122,659 were sold by WAZZAN A R FRANK on Thursday, August 4. Another trade for 25,000 shares valued at $947,500 was made by KIDDOO BRUCE E on Thursday, June 9. On Tuesday, May 24 the insider NEIL CHRISTOPHER J sold $740,000. $90,296 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by DOLUCA TUNC on Thursday, July 7. MURPHY MATTHEW J also sold $161,158 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Wednesday, June 1. Caron David had sold 727 shares worth $27,510. Another trade for 1,912 shares valued at $76,920 was sold by MEDLIN EDWIN.

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 $10.84 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 25.8 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.

More important recent Maxim Integrated Products Inc. (NASDAQ:MXIM) news were published by: Prnewswire.com which released: “EBV Elektronik and Maxim Integrated Sign EMEA Distribution Agreement” on November 07, 2016, also Prnewswire.com published article titled: “Maxim Integrated CEO Tunc Doluca Elected Chair of the Semiconductor Industry …”, Prnewswire.com published: “Maxim Integrated Reports Results For The First Quarter Of Fiscal 2017” on October 20, 2016. More interesting news about Maxim Integrated Products Inc. (NASDAQ:MXIM) was released by: Prnewswire.com and their article: “Maxim’s Ultra-Small hSensor Platform Enables Quick and Easy Design for …” with publication date: October 31, 2016.

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