Traders sold shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) on strength during trading on Friday following insider selling activity. $7.59 million flowed into the stock on the tick-up and $45.16 million flowed out of the stock on the tick-down, for a money net flow of $37.57 million out of the stock. Of all companies tracked, Maxim Integrated Products had the 0th highest net out-flow for the day. Maxim Integrated Products traded up $0.32 for the day and closed at $40.07Specifically, VP Edwin Medlin sold 26,552 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $40.07, for a total value of $1,063,938.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tunc Doluca sold 6,000 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $42.00, for a total transaction of $252,000.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on the stock. B. Riley restated a “neutral” rating and issued a $40.00 target price on shares of Maxim Integrated Products in a report on Monday, July 25th. Royal Bank Of Canada lowered shares of Maxim Integrated Products from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 7th. MKM Partners boosted their target price on shares of Maxim Integrated Products from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 22nd. Drexel Hamilton restated a “buy” rating and issued a $42.00 target price on shares of Maxim Integrated Products in a report on Monday, July 25th. Finally, Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.10.

The stock has a 50 day moving average price of $39.78 and a 200 day moving average price of $38.01. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 50.89 and a beta of 1.14.

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

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Maxim Integrated Products by 128.4% in the second quarter. Bank of New York Mellon Corp now owns 7,903,354 shares of the company’s stock valued at $282,070,000 after buying an additional 4,442,676 shares in the last quarter. American Century Companies Inc. boosted its stake in Maxim Integrated Products by 18.1% in the second quarter. American Century Companies Inc. now owns 9,717,183 shares of the company’s stock valued at $346,806,000 after buying an additional 1,486,323 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Maxim Integrated Products by 16.9% in the first quarter. Goldman Sachs Group Inc. now owns 8,587,243 shares of the company’s stock valued at $315,838,000 after buying an additional 1,244,517 shares in the last quarter. Vanguard Group Inc. boosted its stake in Maxim Integrated Products by 4.5% in the second quarter. Vanguard Group Inc. now owns 24,392,190 shares of the company’s stock valued at $870,558,000 after buying an additional 1,054,328 shares in the last quarter. Finally, Waddell & Reed Financial Inc. boosted its stake in Maxim Integrated Products by 143.1% in the second quarter. Waddell & Reed Financial Inc. now owns 1,727,273 shares of the company’s stock valued at $61,646,000 after buying an additional 1,016,768 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

About Maxim Integrated Products

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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