Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $46.88, for a total transaction of $984,480.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, August 1st, Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $45.60, for a total transaction of $547,200.00.
  • On Monday, July 3rd, Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $44.72, for a total transaction of $536,640.00.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at 45.87 on Friday. Maxim Integrated Products, Inc. has a 52-week low of $37.25 and a 52-week high of $49.70. The stock has a market capitalization of $12.94 billion, a P/E ratio of 23.17 and a beta of 1.04. The stock has a 50 day moving average of $45.23 and a 200 day moving average of $45.61.

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. The business had revenue of $602 million for the quarter, compared to the consensus estimate of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. Maxim Integrated Products’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. On average, equities research analysts forecast that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.36 per share. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, August 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is 72.36%.

Maxim Integrated Products announced that its Board of Directors has approved a stock repurchase program on Thursday, July 20th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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A number of analysts recently commented on MXIM shares. Maxim Group reiterated a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday. B. Riley reiterated a “neutral” rating and issued a $44.00 target price on shares of Maxim Integrated Products in a report on Monday, July 17th. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub upgraded shares of Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Maxim Integrated Products in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.06.

A number of hedge funds have recently made changes to their positions in the business. Navellier & Associates Inc raised its holdings in Maxim Integrated Products by 3.3% during the 2nd quarter. Navellier & Associates Inc now owns 41,353 shares of the semiconductor company’s stock worth $1,857,000 after buying an additional 1,312 shares during the period. WFG Advisors LP raised its holdings in Maxim Integrated Products by 201.1% during the 2nd quarter. WFG Advisors LP now owns 3,962 shares of the semiconductor company’s stock worth $178,000 after buying an additional 2,646 shares during the period. Toronto Dominion Bank raised its holdings in Maxim Integrated Products by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after buying an additional 375 shares during the period. WINTON GROUP Ltd acquired a new stake in Maxim Integrated Products during the 2nd quarter worth approximately $451,000. Finally, Koch Industries Inc. raised its holdings in Maxim Integrated Products by 17,243.5% during the 2nd quarter. Koch Industries Inc. now owns 899,089 shares of the semiconductor company’s stock worth $880,000 after buying an additional 893,905 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

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.

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

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