Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $47.50, for a total value of $166,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Christopher J. Neil also recently made the following trade(s):

  • On Friday, September 1st, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $46.76, for a total transaction of $163,660.00.
  • On Tuesday, August 1st, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $45.67, for a total transaction of $159,845.00.
  • On Monday, July 10th, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $45.69, for a total transaction of $159,915.00.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded up 0.67% during midday trading on Wednesday, hitting $48.42. The company’s stock had a trading volume of 953,175 shares. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 24.45 and a beta of 1.05. The company’s 50-day moving average is $46.20 and its 200 day moving average is $45.87.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $602.00 million for the quarter, compared to analyst estimates of $609.52 million. During the same period in the previous year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 2.99%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s payout ratio is currently 72.36%.

Maxim Integrated Products declared that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/04/maxim-integrated-products-inc-mxim-vp-sells-3500-shares.html.

A number of research firms have weighed in on MXIM. BidaskClub lowered shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Maxim Integrated Products in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, June 9th. Loop Capital reiterated a “buy” rating and issued a $43.00 target price on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. Finally, Drexel Hamilton reiterated a “buy” rating and set a $52.00 price target on shares of Maxim Integrated Products in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Maxim Integrated Products has a consensus rating of “Hold” and an average price target of $47.80.

Several hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Maxim Integrated Products during the first quarter worth about $226,000. Prudential Financial Inc. boosted its position in Maxim Integrated Products by 98.5% in the first quarter. Prudential Financial Inc. now owns 49,535 shares of the semiconductor company’s stock valued at $2,227,000 after buying an additional 24,578 shares during the last quarter. Victory Capital Management Inc. boosted its position in Maxim Integrated Products by 280.8% in the first quarter. Victory Capital Management Inc. now owns 134,028 shares of the semiconductor company’s stock valued at $6,026,000 after buying an additional 98,828 shares during the last quarter. Blair William & Co. IL purchased a new stake in Maxim Integrated Products in the first quarter valued at approximately $213,000. Finally, AXA boosted its position in Maxim Integrated Products by 14.0% in the first quarter. AXA now owns 7,183 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 883 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.