Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Sells $120,000.00 in Stock

Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tunc Doluca also recently made the following trade(s):

  • On Monday, July 1st, Tunc Doluca sold 7,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $61.16, for a total transaction of $428,120.00.
  • On Monday, June 10th, Tunc Doluca sold 2,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $57.00, for a total transaction of $142,500.00.
  • On Monday, June 3rd, Tunc Doluca sold 2,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $54.00, for a total transaction of $135,000.00.
  • On Friday, May 3rd, Tunc Doluca sold 7,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $60.31, for a total transaction of $422,170.00.
  • On Tuesday, April 16th, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $60.00, for a total transaction of $840,000.00.
  • On Wednesday, April 3rd, Tunc Doluca sold 10,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $57.00, for a total transaction of $570,000.00.

Shares of MXIM stock opened at $60.37 on Thursday. The company has a quick ratio of 5.77, a current ratio of 6.46 and a debt-to-equity ratio of 0.60. The stock’s 50-day moving average price is $56.10. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $63.68. The stock has a market capitalization of $16.46 billion, a P/E ratio of 23.16, a PEG ratio of 1.94 and a beta of 1.42.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 40.16%. The company had revenue of $542.38 million for the quarter, compared to the consensus estimate of $540.17 million. During the same period in the previous year, the firm earned $0.73 earnings per share. Maxim Integrated Products’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, analysts anticipate that Maxim Integrated Products Inc. will post 2.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 30th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, May 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

A number of hedge funds have recently modified their holdings of the business. OppenheimerFunds Inc. raised its stake in Maxim Integrated Products by 0.5% during the first quarter. OppenheimerFunds Inc. now owns 7,859,316 shares of the semiconductor company’s stock worth $417,880,000 after purchasing an additional 37,688 shares during the period. American International Group Inc. raised its stake in Maxim Integrated Products by 27,390.1% during the fourth quarter. American International Group Inc. now owns 7,638,121 shares of the semiconductor company’s stock worth $388,398,000 after purchasing an additional 7,610,336 shares during the period. Geode Capital Management LLC raised its stake in Maxim Integrated Products by 37.6% during the fourth quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock worth $215,856,000 after purchasing an additional 1,160,574 shares during the period. Northern Trust Corp raised its stake in Maxim Integrated Products by 1.6% during the first quarter. Northern Trust Corp now owns 3,765,614 shares of the semiconductor company’s stock worth $200,218,000 after purchasing an additional 59,594 shares during the period. Finally, FIL Ltd raised its stake in Maxim Integrated Products by 29.8% during the first quarter. FIL Ltd now owns 3,507,107 shares of the semiconductor company’s stock worth $186,472,000 after purchasing an additional 804,734 shares during the period. 93.38% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on MXIM shares. Maxim Group reissued a “buy” rating and issued a $70.00 price target on shares of Maxim Integrated Products in a research note on Wednesday, May 1st. BidaskClub downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $64.00 price target on shares of Maxim Integrated Products in a research note on Tuesday, April 30th. ValuEngine raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.50.

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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