Morgan Stanley (NYSE:MS) analyst Craig Hettenbach maintained a Hold rating on Maxim Integrated on Tuesday, setting a price target of $55, which is approximately 5.63% below the present share price of $58.28.
Hettenbach expects Maxim Integrated to post earnings per share (EPS) of $0.60 for the second quarter of 2020.
The current consensus among 16 TipRanks analysts is for a Hold rating of shares in Maxim Integrated, with an average price target of $56.87.
The analysts price targets range from a high of $73 to a low of $48.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $561.92 million and a net profit of $183.87 million. The company's market cap is $15.54 billion.
According to TipRanks.com, Morgan Stanley analyst Craig Hettenbach is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.5% and a 63.45% success rate.
Maxim Integrated Products (NASDAQ:MXIM), Inc. engages in the design, development, manufacture, and marketing of linear and mixed-signal integrated circuits. Its products include integrated power circuits, amplifiers, data converters, analog filters, transceivers, expanders, level translators, broadband switches, powerline communications, microcontrollers, data loggers, solar energy, and automotive. The company was founded by Jack F. Gifford in 1983 and is headquartered in San Jose, CA.