RBC Capital analyst Mitch Steves maintained a Hold rating on Maxim Integrated on Wednesday, setting a price target of $73, which is approximately 3.22% above the present share price of $70.72.
Steves expects Maxim Integrated to post earnings per share (EPS) of $0.78 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Maxim Integrated, with an average price target of $78.67.
The analysts price targets range from a high of $86 to a low of $73.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $545.37 million and a net profit of $178.67 million. The company's market cap is $18.91 billion.
According to TipRanks.com, RBC Capital analyst Mitch Steves is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.2% and a 73.12% 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.