Melexis (OTCMKTS:MLXSF) PT Raised to €80.00

Melexis (OTCMKTS:MLXSFGet Rating) had its price objective hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from €65.00 ($66.33) to €80.00 ($81.63) in a report issued on Thursday, The Fly reports. The brokerage currently has a “hold” rating on the stock.

A number of other research analysts have also recently weighed in on MLXSF. JPMorgan Chase & Co. dropped their price objective on shares of Melexis from €100.00 ($102.04) to €90.00 ($91.84) and set a “neutral” rating for the company in a research note on Thursday, May 12th. UBS Group lowered their target price on Melexis from €70.00 ($71.43) to €67.00 ($68.37) in a report on Friday, April 29th. Finally, Berenberg Bank reduced their price objective on Melexis from €100.00 ($102.04) to €80.00 ($81.63) in a research report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $81.75.

Melexis Stock Performance

OTCMKTS:MLXSF opened at $106.85 on Thursday. The firm has a 50-day moving average price of $106.85 and a two-hundred day moving average price of $108.06. Melexis has a twelve month low of $106.85 and a twelve month high of $106.85.

Melexis Company Profile

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Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America. The company provides magnetic position, latch and switch, current, inductive position, tire monitoring, temperature, optical, pressure, and speed sensor ICs.

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Analyst Recommendations for Melexis (OTCMKTS:MLXSF)

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