Maxim Integrated Products, Inc. (NASDAQ:MXIM) Director Robert Edward Grady sold 10,300 shares of Maxim Integrated Products stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $45.66, for a total value of $470,298.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Maxim Integrated Products, Inc. (MXIM) traded down 0.27% during mid-day trading on Friday, hitting $43.87. The stock had a trading volume of 2,190,850 shares. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 22.16 and a beta of 1.04. The stock’s 50-day moving average price is $45.48 and its 200-day moving average price is $45.55. Maxim Integrated Products, Inc. has a 12-month low of $37.25 and a 12-month high of $49.70.

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

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be paid a $0.36 dividend. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, August 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is 66.33%.

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A number of large investors have recently modified their holdings of the stock. Shell Asset Management Co. increased its stake in shares of Maxim Integrated Products by 0.3% in the first quarter. Shell Asset Management Co. now owns 18,656 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 54 shares during the period. Duncker Streett & Co. Inc. increased its stake 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 period. Acadian Asset Management LLC purchased a new stake in shares of Maxim Integrated Products during the first quarter valued at about $2,002,000. Profund Advisors LLC increased its stake in shares of Maxim Integrated Products by 15.9% in the first quarter. Profund Advisors LLC now owns 66,004 shares of the semiconductor company’s stock valued at $2,968,000 after buying an additional 9,039 shares during the period. Finally, Korea Investment CORP increased 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 valued at $17,480,000 after buying an additional 388,453 shares during the period. Institutional investors and hedge funds own 90.20% of the company’s stock.

MXIM has been the topic of several research analyst reports. Citigroup Inc. reiterated a “neutral” rating and set a $44.00 price target (up from $41.00) on shares of Maxim Integrated Products in a research report on Tuesday, April 25th. Jefferies Group LLC reiterated a “buy” rating and set a $51.00 price target (up from $49.00) on shares of Maxim Integrated Products in a research report on Monday, April 24th. Zacks Investment Research cut Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Maxim Integrated Products in a research report on Friday, June 16th. Finally, Evercore ISI reiterated an “in-line” rating on shares of Maxim Integrated Products in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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