Maxim Integrated Products, Inc. (NASDAQ:MXIM) insider Bryan Preeshl sold 1,234 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.71, for a total transaction of $56,406.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Bryan Preeshl also recently made the following trade(s):

  • On Thursday, May 25th, Bryan Preeshl sold 13,586 shares of Maxim Integrated Products stock. The stock was sold at an average price of $47.78, for a total transaction of $649,139.08.

Maxim Integrated Products, Inc. (MXIM) traded down 3.72% on Thursday, hitting $43.99. 2,155,032 shares of the stock traded hands. Maxim Integrated Products, Inc. has a 1-year low of $37.25 and a 1-year high of $49.70. The stock has a 50-day moving average price of $45.48 and a 200 day moving average price of $45.55. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 22.22 and a beta of 1.04.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $602 million during the quarter, compared to analyst estimates of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. Maxim Integrated Products’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. On average, analysts anticipate that Maxim Integrated Products, Inc. will post $2.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 3.27%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s payout ratio is currently 66.33%.

Maxim Integrated Products announced that its board has authorized a stock repurchase plan on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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MXIM has been the subject of a number of recent research reports. BidaskClub downgraded shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Maxim Group reissued a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, April 21st. Zacks Investment Research raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, April 24th. Evercore ISI reaffirmed an “in-line” rating on shares of Maxim Integrated Products in a research note on Friday, April 21st. Finally, UBS AG reaffirmed a “neutral” rating and issued a $48.00 target price (up previously from $46.00) on shares of Maxim Integrated Products in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.61.

Hedge funds have recently added to or reduced their stakes in the stock. Korea Investment CORP raised its stake in shares of Maxim Integrated Products by 115,956.1% in the first quarter. Korea Investment CORP now owns 388,788 shares of the semiconductor company’s stock worth $17,480,000 after buying an additional 388,453 shares during the period. California Public Employees Retirement System raised its stake in shares of Maxim Integrated Products by 2.0% in the first quarter. California Public Employees Retirement System now owns 683,500 shares of the semiconductor company’s stock worth $30,730,000 after buying an additional 13,300 shares during the period. Martingale Asset Management L P raised its stake in shares of Maxim Integrated Products by 247.1% in the first quarter. Martingale Asset Management L P now owns 438,194 shares of the semiconductor company’s stock worth $19,702,000 after buying an additional 311,939 shares during the period. United Services Automobile Association raised its stake in shares of Maxim Integrated Products by 7.7% in the first quarter. United Services Automobile Association now owns 1,222,229 shares of the semiconductor company’s stock worth $54,951,000 after buying an additional 87,250 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Maxim Integrated Products by 4.3% in the first quarter. Pacer Advisors Inc. now owns 8,419 shares of the semiconductor company’s stock worth $379,000 after buying an additional 344 shares during the period. Institutional investors own 90.20% of the company’s stock.

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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