Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 12,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $44.72, for a total value of $536,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, June 6th, Tunc Doluca sold 6,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $49.00, for a total value of $294,000.00.
  • On Friday, May 19th, Tunc Doluca sold 3,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $47.00, for a total value of $141,000.00.
  • On Tuesday, May 2nd, Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $44.49, for a total value of $533,880.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up 0.92% on Friday, reaching $47.10. The company had a trading volume of 1,246,809 shares. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 27.07 and a beta of 1.04. The company’s 50-day moving average price is $46.83 and its 200-day moving average price is $44.29. Maxim Integrated Products, Inc. has a 52-week low of $37.25 and a 52-week high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $581 million during the quarter, compared to the consensus estimate of $575.83 million. Maxim Integrated Products had a return on equity of 26.73% and a net margin of 22.16%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, analysts predict that Maxim Integrated Products, Inc. will post $2.12 earnings per share for the current year.

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MXIM has been the subject of a number of recent analyst reports. Zacks Investment Research cut Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Macquarie initiated coverage on Maxim Integrated Products in a research report on Friday, March 31st. They set an “outperform” rating and a $52.00 target price for the company. MKM Partners initiated coverage on Maxim Integrated Products in a research report on Friday, April 7th. They set a “neutral” rating and a $48.00 target price for the company. Drexel Hamilton reaffirmed a “buy” rating and set a $52.00 target price (up previously from $46.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price (up previously from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $47.39.

Several hedge funds have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. increased its stake in Maxim Integrated Products by 25.3% in the second quarter. Eqis Capital Management Inc. now owns 32,290 shares of the semiconductor company’s stock worth $1,450,000 after buying an additional 6,518 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Maxim Integrated Products by 507.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 45,910 shares of the semiconductor company’s stock worth $2,061,000 after buying an additional 38,355 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Maxim Integrated Products by 56.3% in the second quarter. Meeder Asset Management Inc. now owns 25,572 shares of the semiconductor company’s stock worth $1,148,000 after buying an additional 9,212 shares during the last quarter. Hallmark Capital Management Inc. bought a new stake in Maxim Integrated Products during the second quarter worth $1,460,000. Finally, Weaver C. Barksdale & Associates Inc. increased its stake in Maxim Integrated Products by 0.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 31,651 shares of the semiconductor company’s stock worth $1,421,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 89.51% 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 caters to automotive, communications and data center, computing, consumer and industrial markets.

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

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