Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 20,500 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $40.03, for a total value of $820,615.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, September 1st, Tunc Doluca sold 22,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $40.86, for a total value of $919,350.00.
  • On Monday, August 1st, Tunc Doluca sold 22,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $41.05, for a total value of $923,625.00.
  • On Wednesday, July 27th, Tunc Doluca sold 6,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $42.00, for a total value of $252,000.00.
  • On Tuesday, July 26th, Tunc Doluca sold 21,992 shares of Maxim Integrated Products stock. The stock was sold at an average price of $39.76, for a total value of $874,401.92.
  • On Friday, July 8th, Tunc Doluca sold 2,508 shares of Maxim Integrated Products stock. The stock was sold at an average price of $36.00, for a total value of $90,288.00.

Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) traded down 0.55% on Friday, hitting $39.85. The company had a trading volume of 89,113 shares. The stock has a market cap of $11.30 billion, a PE ratio of 50.44 and a beta of 1.14. The company has a 50-day moving average of $39.79 and a 200 day moving average of $37.98. Maxim Integrated Products Inc. has a 12 month low of $30.28 and a 12 month high of $42.37.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, July 21st. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The firm earned $566 million during the quarter, compared to analysts’ expectations of $575.46 million. Maxim Integrated Products had a net margin of 10.36% and a return on equity of 22.15%. Analysts anticipate that Maxim Integrated Products Inc. will post $1.96 EPS for the current fiscal year.

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

MXIM has been the topic of a number of research reports. Drexel Hamilton reissued a “buy” rating and set a $42.00 price target on shares of Maxim Integrated Products in a report on Monday, July 25th. Jefferies Group reissued a “buy” rating and set a $42.00 price target (up previously from $41.00) on shares of Maxim Integrated Products in a report on Tuesday, July 26th. Barclays PLC raised their price target on Maxim Integrated Products from $35.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 31st. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, BMO Capital Markets lowered Maxim Integrated Products from an “outperform” rating to a “market perform” rating and set a $39.00 price target on the stock. in a report on Tuesday, July 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.10.

A number of hedge funds have recently modified their holdings of the company. Global X Management Co. LLC boosted its stake in shares of Maxim Integrated Products by 87.8% in the second quarter. Global X Management Co. LLC now owns 2,824 shares of the company’s stock worth $101,000 after buying an additional 1,320 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Maxim Integrated Products by 31.3% in the second quarter. IFP Advisors Inc now owns 2,874 shares of the company’s stock worth $103,000 after buying an additional 685 shares during the last quarter. Advisor Group Inc. acquired a new stake in shares of Maxim Integrated Products during the second quarter worth $110,000. Independent Portfolio Consultants Inc. boosted its stake in shares of Maxim Integrated Products by 17.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 3,085 shares of the company’s stock worth $123,000 after buying an additional 455 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Maxim Integrated Products by 432.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,897 shares of the company’s stock worth $139,000 after buying an additional 3,165 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.

5 Day Chart for NASDAQ:MXIM

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