Maxim Integrated Products, Inc. (NASDAQ:MXIM) insider Bryan Preeshl sold 945 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $54.23, for a total value of $51,247.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up $0.33 on Friday, hitting $53.85. The company’s stock had a trading volume of 637,996 shares, compared to its average volume of 2,060,990. Maxim Integrated Products, Inc. has a twelve month low of $37.32 and a twelve month high of $55.43. The firm has a market cap of $15,065.16, a P/E ratio of 23.79, a PEG ratio of 2.10 and a beta of 1.11. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68.

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

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

A number of research analysts have weighed in on MXIM shares. Loop Capital restated a “buy” rating and issued a $43.00 price objective on shares of Maxim Integrated Products in a report on Tuesday, August 22nd. Stifel Nicolaus raised their price objective on Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a report on Friday, October 20th. Credit Suisse Group raised their price objective on Maxim Integrated Products from $46.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Maxim Group restated a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Finally, Drexel Hamilton restated a “buy” rating and issued a $52.00 price objective on shares of Maxim Integrated Products in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.14.

Several large investors have recently modified their holdings of MXIM. Bank of New York Mellon Corp increased its position in shares of Maxim Integrated Products by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after purchasing an additional 3,164,871 shares during the last quarter. BlackRock Inc. increased its position in shares of Maxim Integrated Products by 13.4% during the 2nd quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after purchasing an additional 2,358,743 shares during the last quarter. American Century Companies Inc. increased its position in shares of Maxim Integrated Products by 17.2% during the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after purchasing an additional 2,087,911 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Maxim Integrated Products by 483.2% during the 2nd quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after purchasing an additional 1,852,730 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Maxim Integrated Products during the 2nd quarter worth about $73,792,000. 90.21% of the stock is owned by hedge funds and other institutional investors.

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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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