MXIM stock: buy or sell?

MXIM stock price: $56.95 -2.62% At close on September 20th, 2019

Updated on:
September 20th, 2019

3

Shares of Maxim Integrated Products closed yesterday at $56.95 and dropped a shocking -2.62%.

Maxim Integrated Products, Inc. designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally.

Should I buy MXIM stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Maxim Integrated Products stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Maxim Integrated Products stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we gathered 13 ratings published for MXIM stock in the last month.

Is MXIM a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-13Maxim Groupn/aSell
2019-8-1BenchmarkHoldHold
2019-7-31CowenMarket PerformMarket Perform
2019-7-31Cowenn/aMarket Perform
2019-5-1Deutsche BankBuyBuy
2019-5-1BarclaysEqual WeightEqual Weight
2019-5-1Bank of AmericaNeutralNeutral
2019-4-30Royal Bank of Canadan/aSector Perform
2019-2-8Maxim Groupn/aSell
2019-2-22Cowenn/aMarket Perform
2019-1-4Bank of AmericaBuyNeutral
2019-1-30Maxim Groupn/aHold
2019-1-14Evercore ISIn/an/a

MXIM stock analysis

Daily outlook

Maxim Integrated Products shares dropped -2.62% to $56.95 yesterday.

Maxim Integrated Products shares dropped -2.62% to $56.95 yesterday. Since last September 4th when MXIM stock price broke up the SMA200d line, it gained $3.20 (5.95%). On May, SMA100d and SMA200d crossed up triggering a rise of 8.21%.

MXIM stock chart (daily)

Weekly outlook

Maxim Integrated Products closed this week at $56.95 and fell a terrible -4.43%. Late July MXIM collapsed a dreadful -15.51% in just one week. Late August MXIM climbed a phenomenal 5.24% in just one week.

Maxim Integrated Products stock just marked a top under its last top. Athought it's not something to really worring right now, investors should be aware as this could be a warning for future complications. You should be expectant to Maxim Integrated Products price to not slide under , as this would complicate possible price recovery in the short and mid-term. Since early September when MXIM stock price broke up the SMA40w line, it gained $2.41 (4.42%). Since early May when SMA20w and SMA40w crossed up, MXIM price slipped $-2.52 per share (-4.24%).

MXIM stock chart (weekly)

MXIM stock price history

MXIM stock went public on February 29th, 1988 with a price of $0.231. Since then, MXIM stock grew a 24,660.90%, with an average of 795.50% per year. If you had invested $1,000 in MXIM stock in 1988, it would worth $246,609.00 today.

1: Adjusted price after possible price splits or reverse-splits.

MXIM stock historical price chart

MXIM stock reached 52-week highs on July at $65.13, and all-time highs 2018-01-29 with a price of 70.86.

MXIM stock price target is $59.60

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' MXIM stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 7 price forecasts for Maxim Integrated Products stock published in the last month:
MXIM stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-31CowenReiterates$63.00$57.00-9.5%
2019-7-31CowenLowers Target$63.00$57.00-9.5%
2019-5-1Deutsche BankRaises Target$60.00$65.008.3%
2019-5-1BarclaysRaises Target$58.00$60.003.4%
2019-5-1Bank of AmericaReiterates$60.00$67.0011.7%
2019-2-22CowenInitiatesn/a$56.00-
2019-1-14Evercore ISILowers Target$60.00$55.00-8.3%
(in average)$60.70$59.60-2.0%
Moving in a range from $67.00 and $55.00, the price target for Maxim Integrated Products stock is $59.60.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Maxim Integrated Products . Unfortunately, reported EPS is not yet available in our database.
MXIM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.57n/a
2017-Q32017-10-190.550.69.1%
2017-Q42018-01-250.650.650.0%
2018-Q12018-04-260.690.735.8%
2018-Q22018-07-260.70.734.3%
2018-Q32018-10-300.750.750.0%
2018-Q42019-01-290.620.6-3.2%
2019-Q12019-04-240.53n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Maxim Integrated Products annual revenues soared a shining 8.04% to $2,480.07 M USD from $2,295.61 marked in 2017. On the other hand, its profit margin (compared to sales) dropped to 18.84%, that is $467.32 million.

Maxim Integrated Products fiscal year ends in June, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Maxim Integrated Products TTM sales up to March 2019 were $2,390.94 and earnings $654.10 million dollars. If we compare this TTM figures with the last reported annuality, we can review Maxim Integrated Products business evolution since June 2018: Annual revenues up to March, compared to lastest yearly report, declined a disappointing -3.59%. Instead, profit margin (net income/revenues) rose at 18.84%.

MXIM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,440 M-$452 M18.5%-
2014$2,450 M0.41%$355 M14.5%-21.56%
2015$2,307 M-5.84%$206 M8.9%-41.93%
2016$2,195 M-4.86%$227 M10.4%10.40%
2017$2,296 M4.60%$572 M24.9%151.29%
2018$2,480 M8.04%$467 M18.8%-18.25%
TTM $2,391 M-3.59%$654 M27.4%39.97%

Quarterly financial results

Maxim Integrated Products posted $542.38 million in sales for 2019-Q1, a -5.98% decline compared to previous quarter. Reported quarter income marked $130.61 million with a profit margin of 24.08%. Profit margin stepped up a 1.22% compared to previous quarter when profit margin was 22.86%. When comparing turnover to same quarter last year, Maxim Integrated Products sales marked a scary correction and plummed a -16.38%. Looking back to recent quarterly results, Maxim Integrated Products posted 2 positive quarters in a row.
MXIM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$602 M-$163 M27.1%-
2017-Q3$576 M-4.37%$155 M26.8%-5.38%
2017-Q4$623 M8.16%$-75 M-12.0%-148.54%
2018-Q1$649 M4.17%$194 M29.9%-358.12%
2018-Q2$633 M-2.38%$194 M30.7%0.28%
2018-Q3$638 M0.84%$197 M30.9%1.67%
2018-Q4$577 M-9.65%$132 M22.9%-33.19%
2019-Q1$542 M-5.98%$131 M24.1%-0.97%

Maxim Integrated Products ownership

When you are planning to invest in a company, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Maxim Integrated Products, 0.73% of all outstanding shares are owned by its staff.

Bearish positions for MXIM stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Maxim Integrated Products:

MXIMADICRUSMCHPON
Market cap$15.4 B$42.6 B$3.2 B$22.0 B$7.9 B
Total shares271.3 M369.4 M58.1 M238.0 M410.5 M
Float shares269.2 M367.9 M57.7 M232.7 M402.6 M
  - Institutional holdings (%)100.0%92.5%91.7%117.6%98.3%
  - Insider holdings (%)0.7%0.3%1.0%2.2%1.3%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

MXIM summary

Friday, September 20th, 2019
Open$58.00
Close$56.95
Day range$56.76 - $58.32
Previous close$58.48
Session gain-2.62%
Average true range$1.22
50d mov avg$57.18
100d mov avg$56.74
200d mov avg$54.93
Daily patternlt01c
Weekly pattern lt01a

Maxim Integrated Products performance

To better understand Maxim Integrated Products performance you must compare its gains with other related stocks in same sector or industry. We compared Maxim Integrated Products against Analog Devices, Cirrus Logic, Microchip Technology, ON Semiconductor, Silicon Laboratories, Semtech, STMicroelectronics and Texas Instruments in the following table:
Stock3m6m12m
MXIMMaxim Integrated ...-1.61%6.97%-0.94%
ADIAnalog Devices1.97%8.53%24.56%
CRUSCirrus Logic31.99%30.29%36.77%
MCHPMicrochip Technol...9.13%9.20%13.74%
ONON Semiconductor-0.82%-10.72%0.89%
SLABSilicon Laborator...15.65%39.03%19.06%
SMTCSemtech0.76%-11.84%-18.55%
STMSTMicroelectronic...13.88%19.23%3.99%
TXNTexas Instruments13.45%16.94%18.46%

Maxim Integrated Products competitors

One check before investing in any stock is to review a list of its competitors, in this case for Maxim Integrated Products. We selected 8 companies as Maxim Integrated Products competitors as they are in the same industry or have similar market objectives.