Maxim Integrated Products VP Chae Lee Sells 25,000 Shares (MXIM)
Maxim Integrated Products (NASDAQ:MXIM) VP Chae Lee sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $28.98, for a total value of $724,500.00. Following the completion of the transaction, the vice president now directly owns 64,258 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on MXIM shares. Analysts at Thomson Reuters/Verus downgraded shares of Maxim Integrated Products (NASDAQ:MXIM) from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 2nd. Separately, analysts at Morgan Stanley downgraded shares of Maxim Integrated Products (NASDAQ:MXIM) from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, August 16th. Finally, analysts at Susquehanna cut their price target on shares of Maxim Integrated Products (NASDAQ:MXIM) from $30.00 to $27.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock.
One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.05.
Maxim Integrated Products (NASDAQ:MXIM) traded down 0.99% on Friday, hitting $29.02. 1,552,235 shares of the company’s stock traded hands. Maxim Integrated Products has a 52 week low of $25.54 and a 52 week high of $33.67. The stock’s 50-day moving average is $28.30 and its 200-day moving average is $29.80. The company has a market cap of $8.267 billion and a price-to-earnings ratio of 19.30.
Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, July 25th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.03. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $626.24 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Maxim Integrated Products will post $1.67 earnings per share for the current fiscal year.
Maxim Integrated Products, Inc (NASDAQ:MXIM), designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations.
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