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Maxim shares soar on reported takeover interest

Maxim Integrated Products HQ
Source: Maxim Integrated Products

Shares of Maxim Integrated Products jumped Wednesday on a report the company could be a takeover target.

The stock rose more than 7 percent Wednesday afternoon being briefly halted.

Texas Instruments may be in talks to acquire Maxim, Bloomberg reported Wednesday. It follows a report from the outlet earlier this month that said Maxim was in merger talks with Analog Devices.

Read MoreAnalog, Maxim shares spike on reported merger talk

Maxim declined to comment to CNBC.