Maxim Integrated Products Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 25,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $56.58, for a total transaction of $1,414,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:MXIM traded down $0.34 during midday trading on Thursday, reaching $54.48. The company’s stock had a trading volume of 6,198,022 shares, compared to its average volume of 2,899,710. The firm has a market capitalization of $15.19 billion, a P/E ratio of 20.10, a PEG ratio of 1.74 and a beta of 1.34. Maxim Integrated Products Inc. has a twelve month low of $46.85 and a twelve month high of $74.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.57 and a quick ratio of 3.27.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. The firm had revenue of $638.50 million for the quarter, compared to analyst estimates of $635.19 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts anticipate that Maxim Integrated Products Inc. will post 2.71 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Maxim Integrated Products by 897,788.1% during the third quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock worth $574,673,000 after purchasing an additional 10,189,895 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Maxim Integrated Products by 74.6% in the third quarter. AQR Capital Management LLC now owns 2,669,658 shares of the semiconductor company’s stock valued at $150,542,000 after purchasing an additional 1,140,996 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Maxim Integrated Products by 4.7% in the third quarter. BlackRock Inc. now owns 24,164,756 shares of the semiconductor company’s stock valued at $1,362,651,000 after purchasing an additional 1,077,289 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Maxim Integrated Products by 77.8% in the third quarter. Renaissance Technologies LLC now owns 1,411,100 shares of the semiconductor company’s stock worth $79,572,000 after acquiring an additional 617,300 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Maxim Integrated Products by 279.5% in the second quarter. Voya Investment Management LLC now owns 707,834 shares of the semiconductor company’s stock worth $41,521,000 after acquiring an additional 521,306 shares during the last quarter. 91.80% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on MXIM shares. ValuEngine cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research cut shares of Maxim Integrated Products from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Goldman Sachs Group cut shares of Maxim Integrated Products from a “neutral” rating to a “sell” rating in a research report on Thursday, October 18th. BidaskClub raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Finally, Morgan Stanley lowered their price target on shares of Maxim Integrated Products from $59.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $60.76.
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About Maxim Integrated Products
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
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