Share on StockTwits

Maxim Integrated Products (NASDAQ:MXIM) VP Christopher J. Neil unloaded 26,000 shares of the company’s stock on the open market in a transaction dated Monday, May 19th. The shares were sold at an average price of $33.14, for a total transaction of $861,640.00. Following the transaction, the vice president now directly owns 99,196 shares in the company, valued at approximately $3,287,355. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Maxim Integrated Products in a research note on Wednesday, April 30th. They now have a $34.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Maxim Integrated Products from $36.20 to $39.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Maxim Integrated Products from $28.00 to $32.00 in a research note on Friday, April 25th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.90.

Maxim Integrated Products (NASDAQ:MXIM) traded down 1.58% during mid-day trading on Tuesday, hitting $33.00. 4,573,229 shares of the company’s stock traded hands. Maxim Integrated Products has a 52-week low of $26.49 and a 52-week high of $33.78. The stock’s 50-day moving average is $32.36 and its 200-day moving average is $30.44. The company has a market cap of $9.330 billion and a P/E ratio of 25.17. Maxim Integrated Products also was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 3,539,977 shares, a decrease of 30.9% from the April 15th total of 5,123,783 shares. Based on an average trading volume of 2,477,325 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.3% of the company’s shares are short sold.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $606.00 million for the quarter, compared to the consensus estimate of $604.68 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Maxim Integrated Products will post $1.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, May 20th.

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 number of customers in diverse geographical locations.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.