[EDGAR] Maxim Integrated Products Inc (NASDAQ:MXIM)(TREND ANALYSIS) Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On September 1, 2015, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of Maxim Integrated Products, Inc. (the “Company”) approved (i) cash bonuses for the executive officers of the Company for their performance during fiscal year 2015 and (ii) base salary adjustments for certain executive officers.
Cash bonuses awarded to the principal executive officer, principal financial officer, and other named executive officers of the Company (collectively, the “NEOs”) that will appear in our proxy statement for our Annual Meeting of Stockholders to be held on November 12, 2015 (the “2015 Annual Meeting”), along with base salary adjustments,
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Maxim Integrated Products Inc (NASDAQ:MXIM) stock is currently trading 6.6% below its 52-week-high, 34.38% above its 52-week-low. The 1-year stock price history is in the range of $25.28 – $36.37. Maxim Integrated Products Inc (MXIM) has a price to earnings ratio of 47.85 versus Technology sector average of 20.46. MXIM stock price has outperformed the Nasdaq by 7.3%. The Semiconductors Components company is currently valued at $9.66 billion and its share price closed the last trading session at $33.97. The stock has a 50-day moving average of $33.16 and a 200-day moving average of $33.99.
Maxim Integrated Products Inc (MXIM) current short interest stands at 6.77 million shares. It has remained stable from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.48 million shares, the number of days required to cover the short positions stand at 2.8 days.
The company is expected to announce next quarter earnings on October 22, at consensus estimate of $0.41. Maxim Integrated Products Inc (MXIM) reported last quarter earnings on July 23. The Semiconductors Components company announced earnings per share of $0.43 against a consensus Street estimate of $0.39, beating the average estimate by $0.04. This corresponds to a decrease of $0.04 compared to the same quarter of the previous fiscal year.
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There are currently twenty-eight analysts that cover Maxim Integrated Products Inc stock. Of those twenty-eight, eleven have a Buy rating, sixteen 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 $36.02.
A recent analyst activity consisted of RBC Capital who initiated their coverage on the stock with Sector Perform rating on August 3. RBC Capital fixed their price target at $37. This corresponds to a 8.92% upside from the last closing price. On the date of report, the stock closed at $33.33.
Bank of America upgraded their Neutral rating to Buy on July 24. On the date of report, the stock closed at $33.27.
Another research firm was Evercore Partners who upgraded their Hold rating to Buy on July 24. On the date of report, the stock closed at $33.27.
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.