Maxim Integrated Products, Inc. (NASDAQ:MXIM) Director Mary Ann Wright sold 560 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.79, for a total value of $30,122.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mary Ann Wright also recently made the following trade(s):

  • On Monday, September 11th, Mary Ann Wright sold 560 shares of Maxim Integrated Products stock. The shares were sold at an average price of $46.29, for a total value of $25,922.40.

Maxim Integrated Products, Inc. (MXIM) opened at $53.88 on Tuesday. The company has a market capitalization of $15,062.35, a price-to-earnings ratio of 23.78, a P/E/G ratio of 2.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. Maxim Integrated Products, Inc. has a 12 month low of $37.32 and a 12 month high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The business had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. equities analysts forecast that Maxim Integrated Products, Inc. will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.67%. Maxim Integrated Products’s payout ratio is 70.24%.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Maxim Integrated Products by 16.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 343 shares during the period. Highstreet Asset Management Inc. purchased a new stake in shares of Maxim Integrated Products during the second quarter worth about $115,000. Acrospire Investment Management LLC boosted its holdings in shares of Maxim Integrated Products by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,600 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Maxim Integrated Products during the third quarter worth about $128,000. Finally, Duncker Streett & Co. Inc. boosted its holdings in shares of Maxim Integrated Products by 21.1% during the second quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 90.21% of the company’s stock.

MXIM has been the topic of several recent research reports. Loop Capital reissued a “buy” rating and set a $57.00 price objective (up previously from $53.00) on shares of Maxim Integrated Products in a report on Friday, October 20th. Zacks Investment Research downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Drexel Hamilton raised their price objective on Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. BidaskClub downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Maxim Group lifted their target price on Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.14.

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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