James R. Bergman Sells 2,000 Shares of Maxim Integrated Products Inc. (MXIM) Stock
Maxim Integrated Products Inc. (NASDAQ:MXIM) Director James R. Bergman sold 2,000 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $40.17, for a total value of $80,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) traded down 0.5285% during mid-day trading on Wednesday, reaching $39.5399. The company had a trading volume of 604,376 shares. The firm’s 50-day moving average is $39.32 and its 200 day moving average is $38.78. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 26.2027 and a beta of 1.13. 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 quarterly earnings data on Thursday, October 20th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The business had revenue of $561.40 million for the quarter, compared to the consensus estimate of $560.84 million. Maxim Integrated Products had a return on equity of 22.94% and a net margin of 19.93%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. On average, equities research analysts predict that Maxim Integrated Products Inc. will post $1.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Tuesday, November 29th. Maxim Integrated Products’s payout ratio is presently 87.42%.
A number of hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Maxim Integrated Products during the third quarter valued at about $101,000. Global X Management Co. LLC increased its stake in 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 valued at $101,000 after buying an additional 1,320 shares in the last quarter. IFP Advisors Inc increased its stake in Maxim Integrated Products by 31.3% in the second quarter. IFP Advisors Inc now owns 2,874 shares of the company’s stock valued at $103,000 after buying an additional 685 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Maxim Integrated Products by 17.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 3,085 shares of the company’s stock valued at $123,000 after buying an additional 455 shares in the last quarter. Finally, Advisor Group Inc. purchased a new stake in Maxim Integrated Products during the second quarter valued at about $110,000. 90.34% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on MXIM. Royal Bank Of Canada downgraded Maxim Integrated Products from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, September 7th. B. Riley reissued a “neutral” rating and issued a $38.50 price objective on shares of Maxim Integrated Products in a research note on Friday, October 21st. RBC Capital Markets reissued a “sector perform” rating and issued a $40.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 7th. They noted that the move was a valuation call. Jefferies Group reissued a “buy” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Maxim Integrated Products in a research note on Sunday, October 23rd. Finally, Drexel Hamilton boosted their price objective on Maxim Integrated Products from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.07.
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 caters to automotive, communications and data center, computing, consumer and industrial markets.
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