Maxim Integrated Products Inc. Can’t Be More Safe. Option Traders Like It

 Maxim Integrated Products Inc. Can't Be More Safe. Option Traders Like It

In today’s session Maxim Integrated Products Inc. (MXIM) registered an unusually high (517) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MXIM increase. With 517 contracts traded and 34894 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MXIM170120C00040000 closed last at: $1.5 or 9.1% down. The stock decreased 0.27% or $0.11 on November 23, hitting $39.96. About 2.16 million shares traded hands or 8.00% up from the average. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 7.10% since April 22, 2016 and is uptrending. It has outperformed by 1.69% the S&P500.

Analysts await Maxim Integrated Products Inc. (NASDAQ:MXIM) to report earnings on January, 19. They expect $0.43 EPS, up 34.38% or $0.11 from last year’s $0.32 per share. MXIM’s profit will be $120.74 million for 23.23 P/E if the $0.43 EPS becomes a reality. After $0.48 actual EPS reported by Maxim Integrated Products Inc. for the previous quarter, Wall Street now forecasts -10.42% negative EPS growth.

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. Maxim Integrated Products Inc. has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, December 9 by Nomura. As per Tuesday, January 12, the company rating was maintained by RBC Capital Markets. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) earned “Equal-Weight” rating by Barclays Capital on Wednesday, August 31. The stock of Maxim Integrated Products Inc. (NASDAQ:MXIM) earned “Neutral” rating by M Partners on Friday, July 22. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, July 19. Sterne Agee CRT initiated it with “Buy” rating and $40 target price in Wednesday, September 9 report. The stock has “Buy” rating given by Zacks on Wednesday, August 26. The stock has “Positive” rating given by Susquehanna on Tuesday, September 20. The firm earned “Neutral” rating on Friday, January 22 by M Partners. On Thursday, September 17 the stock rating was upgraded by Zacks to “Buy”.

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 1.1 in 2016 Q2. Its down 0.04, from 1.14 in 2016Q1. The ratio worsened, 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.
Aviva Public Limited Company has 191,660 shares for 0.05% of their US portfolio. Clinton Gru last reported 0.1% of its portfolio in the stock. Visium Asset Ltd Partnership has 99,064 shares for 0.25% of their US portfolio. Wellington Mngmt Llp last reported 19.94 million shares in the company. Financial Mgmt holds 0% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 240 shares. Us Bankshares De holds 0.02% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM) for 159,175 shares. Duncker Streett & Inc accumulated 0% or 104 shares. The New York-based Nikko Asset Mgmt Americas Inc has invested 0.02% in Maxim Integrated Products Inc. (NASDAQ:MXIM). World Asset Mgmt has invested 0.01% of its portfolio in Maxim Integrated Products Inc. (NASDAQ:MXIM). The Ontario – Canada-based Toronto Dominion Natl Bank has invested 0% in Maxim Integrated Products Inc. (NASDAQ:MXIM). First Tru Advsr L P last reported 0.05% of its portfolio in the stock. Gateway Invest Advisers Lc owns 8,426 shares or 0% of their US portfolio. Trillium Asset Ltd Liability last reported 191,044 shares in the company. Qci Asset Management has 0% invested in the company for 80 shares. Sumitomo Mitsui Asset Mgmt Company last reported 19,758 shares in the company.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 34 selling transactions for $22.53 million net activity. Another trade for 18,500 shares valued at $729,919 was sold by DOLUCA TUNC. The insider MURPHY MATTHEW J sold 4,241 shares worth $161,158. Caron David also sold $308,031 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) shares. Jain Vivek sold 3,273 shares worth $135,568. YAMASAKI STEVEN T sold 35,012 shares worth $1.44 million. NEIL CHRISTOPHER J also sold $219,814 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) shares. 25,000 shares were sold by KIDDOO BRUCE E, worth $947,500.

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 $11.22 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 26.44 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 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 the news titled: “Maxim’s Octal High-Side Switch and Driver Safely Demagnetizes Any Inductive …” on November 08, 2016. Prnewswire.com‘s news article titled: “Maxim Integrated CEO Tunc Doluca Elected Chair of the Semiconductor Industry …” with publication date: November 11, 2016 was also an interesting one.

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