Maxim Integrated Products, Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $45.28, for a total value of $1,132,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bruce E. Kiddoo also recently made the following trade(s):

  • On Friday, May 19th, Bruce E. Kiddoo sold 10,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $47.00, for a total value of $470,000.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up 1.004% during mid-day trading on Wednesday, reaching $45.785. The company had a trading volume of 573,129 shares. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70. The firm has a 50 day moving average of $45.49 and a 200-day moving average of $45.56. The stock has a market capitalization of $12.95 billion, a P/E ratio of 23.124 and a beta of 1.04.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $609.52 million. Maxim Integrated Products had a return on equity of 28.45% and a net margin of 24.90%. Maxim Integrated Products’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Analysts forecast that Maxim Integrated Products, Inc. will post $2.34 EPS for the current fiscal year.

Maxim Integrated Products declared that its Board of Directors has approved a stock buyback plan on Thursday, July 20th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.18%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, August 29th. Maxim Integrated Products’s payout ratio is presently 66.33%.

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Several institutional investors have recently made changes to their positions in MXIM. Proficio Capital Partners LLC increased its position in shares of Maxim Integrated Products by 51.4% in the first quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 764 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 343 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Maxim Integrated Products by 57.8% in the first quarter. Duncker Streett & Co. Inc. now owns 2,374 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 870 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of Maxim Integrated Products during the second quarter valued at approximately $115,000. Finally, Acrospire Investment Management LLC increased its position in shares of Maxim Integrated Products by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.

A number of brokerages have issued reports on MXIM. B. Riley restated a “neutral” rating and issued a $44.00 price objective on shares of Maxim Integrated Products in a research note on Friday, April 21st. Zacks Investment Research downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. BidaskClub upgraded Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Maxim Integrated Products in a research note on Monday, April 24th. Finally, Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Maxim Integrated Products in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.61.

Maxim Integrated Products Company Profile

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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