Maxim Integrated Products, Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $47.00, for a total transaction of $470,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bruce E. Kiddoo also recently made the following trade(s):

  • On Monday, May 15th, Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $46.33, for a total transaction of $1,158,250.00.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded down 1.30% on Friday, hitting $46.25. 3,454,710 shares of the stock were exchanged. Maxim Integrated Products, Inc. has a one year low of $33.38 and a one year high of $49.70. The stock has a market capitalization of $13.07 billion, a P/E ratio of 26.58 and a beta of 1.02. The company has a 50 day moving average of $46.76 and a 200 day moving average of $43.85.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, April 20th. The semiconductor company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The business had revenue of $581 million for the quarter, compared to analyst estimates of $575.83 million. Maxim Integrated Products had a net margin of 22.16% and a return on equity of 26.73%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Maxim Integrated Products, Inc. will post $2.12 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, May 30th. Maxim Integrated Products’s dividend payout ratio is presently 75.86%.

TRADEMARK VIOLATION WARNING: “Insider Selling: Maxim Integrated Products, Inc. (MXIM) CFO Sells 10,000 Shares of Stock” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/06/16/bruce-e-kiddoo-sells-10000-shares-of-maxim-integrated-products-inc-mxim-stock-updated-updated.html.

Several brokerages recently commented on MXIM. B. Riley restated a “neutral” rating and issued a $44.00 price target on shares of Maxim Integrated Products in a research report on Friday, April 21st. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub upgraded shares of Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Maxim Group began coverage on shares of Maxim Integrated Products in a research report on Friday. They issued a “market perform” rating for the company. Finally, Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Maxim Integrated Products in a research report on Friday. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.39.

Several hedge funds have recently made changes to their positions in MXIM. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Maxim Integrated Products by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,555 shares of the semiconductor company’s stock worth $178,000 after buying an additional 12 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Maxim Integrated Products by 0.3% in the first quarter. Shell Asset Management Co. now owns 18,656 shares of the semiconductor company’s stock worth $839,000 after buying an additional 54 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Maxim Integrated Products by 3.4% in the fourth quarter. Loomis Sayles & Co. L P now owns 5,205 shares of the semiconductor company’s stock worth $201,000 after buying an additional 172 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Maxim Integrated Products by 2.5% in the first quarter. Gateway Investment Advisers LLC now owns 8,690 shares of the semiconductor company’s stock worth $391,000 after buying an additional 216 shares in the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Maxim Integrated Products by 4.5% in the first quarter. Foresters Investment Management Company Inc. now owns 7,000 shares of the semiconductor company’s stock worth $315,000 after buying an additional 300 shares in the last quarter. 89.52% 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.

Receive News & Stock Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related stocks with our FREE daily email newsletter.