Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,202 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.57, for a total value of $1,114,589.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, December 18th, Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $53.00, for a total value of $106,000.00.
  • On Friday, December 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $51.74, for a total value of $1,086,540.00.
  • On Wednesday, November 8th, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $55.00, for a total value of $770,000.00.
  • On Friday, November 3rd, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $53.00, for a total value of $742,000.00.
  • On Wednesday, November 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $52.70, for a total value of $1,106,700.00.
  • On Monday, October 23rd, Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $52.16, for a total value of $1,564,800.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $53.26 on Friday. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $14,990.00, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.10. Maxim Integrated Products, Inc. has a twelve month low of $38.18 and a twelve month high of $55.43.

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, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. equities research analysts anticipate that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.70%. The ex-dividend date was Wednesday, November 29th. Maxim Integrated Products’s payout ratio is currently 70.24%.

Several research firms recently commented on MXIM. B. Riley reissued a “neutral” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a research note on Tuesday, September 12th. Morgan Stanley reissued an “underweight” rating and issued a $40.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 20th. SunTrust Banks increased their price objective on Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Finally, Barclays increased their price objective on Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.24.

A number of large investors have recently modified their holdings of MXIM. Bank of New York Mellon Corp grew its holdings in Maxim Integrated Products by 29.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock valued at $656,409,000 after buying an additional 3,164,871 shares in the last quarter. BlackRock Inc. grew its holdings in Maxim Integrated Products by 13.4% in the 2nd quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock valued at $895,388,000 after buying an additional 2,358,743 shares in the last quarter. American Century Companies Inc. grew its holdings in Maxim Integrated Products by 17.2% in the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after buying an additional 2,087,911 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Maxim Integrated Products during the 2nd quarter worth $73,792,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Maxim Integrated Products by 98.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,258,111 shares of the semiconductor company’s stock worth $101,387,000 after purchasing an additional 1,122,327 shares during the period. Institutional investors own 90.31% of the company’s stock.

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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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