Insider Selling: Maxim Integrated Products CEO Unloads 8,000 Shares of Stock (MXIM)
Maxim Integrated Products (NASDAQ:MXIM) CEO Tunc Doluca unloaded 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $34.26, for a total transaction of $274,080.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Maxim Integrated Products (NASDAQ:MXIM) traded down 0.29% on Tuesday, hitting $34.10. 861,160 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 $34.50. The stock has a 50-day moving average of $32. and a 200-day moving average of $30.77. The company has a market cap of $9.641 billion and a price-to-earnings ratio of 25.68.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results 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. Analysts expect that Maxim Integrated Products will post $1.68 EPS 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 3.04%. The ex-dividend date is Tuesday, May 20th.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Maxim Integrated Products in a research note on Thursday, May 22nd. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, analysts at MKM Partners upgraded shares of Maxim Integrated Products from a “positive” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, 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. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Maxim Integrated Products presently has a consensus rating of “Buy” and a consensus target price of $34.79.
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.