Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 15,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, September 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $46.88, for a total transaction of $984,480.00.
  • 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.

Maxim Integrated Products, Inc. (MXIM) opened at 48.47 on Friday. The firm has a 50-day moving average of $46.37 and a 200-day moving average of $45.90. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 24.48 and a beta of 1.05. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) 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 28.26%. The business had revenue of $602.00 million for the quarter, compared to analyst estimates of $609.52 million. During the same period last year, the business posted $0.49 EPS. Maxim Integrated Products’s revenue was up 6.3% compared to the same quarter last year. Analysts anticipate that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

Maxim Integrated Products declared that its board has initiated a share repurchase plan on Thursday, July 20th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This is a positive change 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 2.97%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 72.36%.

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Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Maxim Integrated Products by 483.2% in the 2nd quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock valued at $100,403,000 after buying an additional 1,852,730 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in Maxim Integrated Products by 9.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock valued at $8,572,000 after buying an additional 16,744 shares during the last quarter. Federated Investors Inc. PA grew its stake in Maxim Integrated Products by 1,536.5% in the 2nd quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock valued at $14,706,000 after buying an additional 307,509 shares during the last quarter. Aberdeen Asset Management PLC UK grew its stake in Maxim Integrated Products by 1,402.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock valued at $16,307,000 after buying an additional 339,024 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Maxim Integrated Products by 98.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,258,111 shares of the semiconductor company’s stock valued at $101,387,000 after buying an additional 1,122,327 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

MXIM has been the subject of a number of research reports. BidaskClub cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Drexel Hamilton reaffirmed a “buy” rating and set a $52.00 price target on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Loop Capital reaffirmed a “buy” rating and set a $43.00 price target on shares of Maxim Integrated Products in a research report on Tuesday, August 22nd. B. Riley reaffirmed a “neutral” rating and set a $47.00 price target on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price target on shares of Maxim Integrated Products in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $47.29.

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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