Insider Selling: Vivek Jain Sells 116,582 Shares of Maxim Integrated Products Stock (MXIM)
Maxim Integrated Products (NASDAQ:MXIM) VP Vivek Jain unloaded 116,582 shares of Maxim Integrated Products stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $35.02, for a total value of $4,082,701.64. Following the sale, the vice president now directly owns 35,204 shares of the company’s stock, valued at approximately $1,232,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Maxim Integrated Products (NASDAQ:MXIM) traded up 0.06% during mid-day trading on Monday, hitting $35.02. The stock had a trading volume of 1,303,146 shares. Maxim Integrated Products has a 52-week low of $26.49 and a 52-week high of $35.76. The stock’s 50-day moving average is $33.43 and its 200-day moving average is $31.23. The company has a market cap of $9.901 billion and a P/E ratio of 26.28.
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.
A number of analysts have recently weighed in on MXIM shares. Analysts at Pacific Crest reiterated an “outperform” rating on shares of Maxim Integrated Products in a research note on Monday, June 9th. They now have a $44.00 price target on the stock, up previously from $37.00. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Maxim Integrated Products has an average rating of “Buy” and an average price target of $35.37.
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.
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