Insider Selling: Maxim Integrated Products Inc. (MXIM) CFO Sells 25,000 Shares of Stock

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.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, November 28th. Maxim Integrated Products’s payout ratio is 67.90%.

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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Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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