Berenberg Bank Lowers Melexis (OTCMKTS:MLXSF) Price Target to €80.00

Melexis (OTCMKTS:MLXSFGet Rating) had its target price dropped by equities research analysts at Berenberg Bank from €100.00 ($105.26) to €80.00 ($84.21) in a research report issued on Wednesday, The Fly reports.

MLXSF has been the subject of several other research reports. UBS Group lowered their price target on Melexis from €70.00 ($73.68) to €67.00 ($70.53) in a report on Friday, April 29th. JPMorgan Chase & Co. lowered their price target on Melexis from €100.00 ($105.26) to €90.00 ($94.74) and set a “neutral” rating for the company in a report on Thursday, May 12th.

Shares of OTCMKTS MLXSF opened at $106.85 on Wednesday. Melexis has a 12-month low of $106.85 and a 12-month high of $106.85. The firm’s 50-day moving average is $106.85 and its two-hundred day moving average is $109.74.

Melexis Company Profile (Get Rating)

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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