Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, November 1st, Tunc Doluca sold 18,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $39.46, for a total transaction of $730,010.00.
  • On Monday, October 3rd, Tunc Doluca sold 20,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $40.03, for a total transaction of $820,615.00.
  • On Thursday, September 1st, Tunc Doluca sold 22,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $40.86, for a total transaction of $919,350.00.

Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at 38.94 on Monday. The stock has a market capitalization of $11.03 billion, a P/E ratio of 25.81 and a beta of 1.13. The stock has a 50 day moving average of $39.25 and a 200 day moving average of $38.47. Maxim Integrated Products Inc. has a 1-year low of $30.28 and a 1-year high of $42.37.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, October 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $561.40 million for the quarter, compared to analysts’ expectations of $560.84 million. Maxim Integrated Products had a net margin of 19.93% and a return on equity of 22.94%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. On average, analysts expect that Maxim Integrated Products Inc. will post $1.95 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.39%. Maxim Integrated Products’s payout ratio is 87.42%.

MXIM has been the subject of several research reports. Maxim Group initiated coverage on shares of Maxim Integrated Products in a research report on Tuesday, September 20th. They issued a “positive” rating and a $50.00 price target for the company. MKM Partners upped their price target on shares of Maxim Integrated Products from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 22nd. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $40.00 price target on shares of Maxim Integrated Products in a research report on Wednesday, September 7th. They noted that the move was a valuation call. Finally, Pacific Crest reissued an “overweight” rating on shares of Maxim Integrated Products in a research report on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.07.

Several institutional investors have recently made changes to their positions in MXIM. DNB Asset Management AS boosted its position in shares of Maxim Integrated Products by 1.6% in the second quarter. DNB Asset Management AS now owns 25,439 shares of the company’s stock valued at $908,000 after buying an additional 400 shares in the last quarter. Cullinan Associates Inc. boosted its position in shares of Maxim Integrated Products by 4.4% in the first quarter. Cullinan Associates Inc. now owns 230,200 shares of the company’s stock valued at $8,467,000 after buying an additional 9,800 shares in the last quarter. Avalon Advisors LLC boosted its position in shares of Maxim Integrated Products by 1.8% in the first quarter. Avalon Advisors LLC now owns 346,156 shares of the company’s stock valued at $12,732,000 after buying an additional 6,227 shares in the last quarter. LPL Financial LLC boosted its position in shares of Maxim Integrated Products by 379.8% in the first quarter. LPL Financial LLC now owns 28,042 shares of the company’s stock valued at $1,017,000 after buying an additional 22,198 shares in the last quarter. Finally, Moore Capital Management LP purchased a new position in shares of Maxim Integrated Products during the first quarter valued at about $3,678,000. 92.09% of the stock is currently owned by institutional investors and hedge funds.

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 caters to automotive, communications and data center, computing, consumer and industrial markets.

5 Day Chart for NASDAQ:MXIM

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