Maxim Integrated Products, Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $45.28, for a total value of $1,132,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Friday, May 19th, Bruce E. Kiddoo sold 10,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $47.00, for a total value of $470,000.00.

Maxim Integrated Products, Inc. (MXIM) traded up 1.004% during trading on Wednesday, hitting $45.785. The company had a trading volume of 573,129 shares. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 23.124 and a beta of 1.04. The firm’s 50 day moving average is $45.49 and its 200-day moving average is $45.56. 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 announced its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%. The firm had revenue of $602 million during the quarter, compared to analysts’ expectations of $609.52 million. During the same period in the previous year, the company earned $0.49 earnings per share. Maxim Integrated Products’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Maxim Integrated Products, Inc. will post $2.34 earnings per share for the current year.

Maxim Integrated Products announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 3.18%. Maxim Integrated Products’s payout ratio is 66.33%.

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A number of large investors have recently made changes to their positions in the stock. Korea Investment CORP boosted its stake in shares of Maxim Integrated Products by 115,956.1% in the first quarter. Korea Investment CORP now owns 388,788 shares of the semiconductor company’s stock worth $17,480,000 after buying an additional 388,453 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Maxim Integrated Products by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,555 shares of the semiconductor company’s stock worth $318,000 after buying an additional 320 shares during the last quarter. Navellier & Associates Inc boosted its stake in shares of Maxim Integrated Products by 18.5% in the first quarter. Navellier & Associates Inc now owns 40,041 shares of the semiconductor company’s stock worth $1,800,000 after buying an additional 6,241 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Maxim Integrated Products by 51.7% in the first quarter. State of Alaska Department of Revenue now owns 35,137 shares of the semiconductor company’s stock worth $1,579,000 after buying an additional 11,977 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Maxim Integrated Products by 2.3% in the first quarter. Nisa Investment Advisors LLC now owns 136,010 shares of the semiconductor company’s stock worth $6,115,000 after buying an additional 3,010 shares during the last quarter. 90.20% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on MXIM shares. Stifel Nicolaus restated a “buy” rating and set a $54.00 target price (up previously from $52.00) on shares of Maxim Integrated Products in a report on Friday, May 26th. Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Monday, April 24th. Jefferies Group LLC restated a “buy” rating and set a $51.00 target price (up previously from $49.00) on shares of Maxim Integrated Products in a report on Monday, April 24th. BidaskClub lowered Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Maxim Integrated Products has a consensus rating of “Hold” and a consensus price target of $47.61.

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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