Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 15,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tunc Doluca also recently made the following trade(s):

  • On Friday, September 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $46.88, for a total transaction of $984,480.00.
  • On Tuesday, August 1st, Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $45.60, for a total value of $547,200.00.

Maxim Integrated Products, Inc. (MXIM) traded up 0.551% during midday trading on Wednesday, reaching $48.365. 408,592 shares of the company’s stock traded hands. The stock has a 50-day moving average of $46.20 and a 200 day moving average of $45.87. Maxim Integrated Products, Inc. has a 52-week low of $37.25 and a 52-week high of $49.70. The company has a market cap of $13.64 billion, a P/E ratio of 24.427 and a beta of 1.05.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $602.00 million for 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%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. On average, analysts anticipate that Maxim Integrated Products, Inc. will post $2.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a $0.36 dividend. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.44 annualized dividend and a yield of 2.99%. Maxim Integrated Products’s dividend payout ratio is presently 72.36%.

Maxim Integrated Products announced that its board has authorized a share repurchase program on Thursday, July 20th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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Several hedge funds and other institutional investors have recently bought and sold shares of MXIM. Fiera Capital Corp increased its holdings in shares of Maxim Integrated Products by 0.7% during the second quarter. Fiera Capital Corp now owns 15,596 shares of the semiconductor company’s stock worth $700,000 after buying an additional 107 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of Maxim Integrated Products by 2.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 8,871 shares of the semiconductor company’s stock valued at $398,000 after acquiring an additional 181 shares during the last quarter. Ropes Wealth Advisors LLC lifted its stake in shares of Maxim Integrated Products by 5.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,248 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 234 shares during the last quarter. Weaver C. Barksdale & Associates Inc. lifted its stake in shares of Maxim Integrated Products by 0.8% in the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 31,651 shares of the semiconductor company’s stock valued at $1,421,000 after acquiring an additional 240 shares during the last quarter. Finally, Foresters Investment Management Company Inc. lifted its stake in shares of Maxim Integrated Products by 4.5% in the 1st quarter. Foresters Investment Management Company Inc. now owns 7,000 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 300 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Loop Capital reiterated a “buy” rating and issued a $43.00 price objective on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. BidaskClub cut Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Drexel Hamilton restated a “buy” rating and set a $52.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Maxim Group restated a “buy” rating on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $47.80.

About Maxim Integrated Products

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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