Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $52.16, for a total transaction of $1,564,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, October 2nd, Tunc Doluca sold 15,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00.
  • On Friday, September 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The shares were 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 stock was sold at an average price of $45.60, for a total transaction of $547,200.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up 0.625% during trading on Tuesday, hitting $52.325. 1,972,909 shares of the stock were exchanged. The firm has a 50 day moving average price of $47.99 and a 200 day moving average price of $46.34. Maxim Integrated Products, Inc. has a 52 week low of $37.32 and a 52 week high of $53.10. The firm has a market capitalization of $14.76 billion, a P/E ratio of 26.427 and a beta of 1.05.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.64%. The company had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. During the same period last year, the company posted $0.48 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Maxim Integrated Products, Inc. will post $2.53 EPS for the current fiscal year.

Maxim Integrated Products announced that its board has approved a stock repurchase program on Thursday, July 20th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.77%. Maxim Integrated Products’s payout ratio is currently 70.24%.

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MXIM has been the topic of several recent analyst reports. Drexel Hamilton reiterated a “buy” rating and issued a $52.00 target price on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Morgan Stanley lifted their target price on shares of Maxim Integrated Products from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Friday. Loop Capital reiterated a “buy” rating and issued a $53.00 target price on shares of Maxim Integrated Products in a report on Thursday, August 31st. Wells Fargo & Company lifted their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a report on Friday. Finally, KeyCorp lifted their target price on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and a consensus price target of $52.14.

A number of large investors have recently bought and sold shares of MXIM. Prudential Financial Inc. boosted its position in Maxim Integrated Products by 98.5% during the 1st quarter. Prudential Financial Inc. now owns 49,535 shares of the semiconductor company’s stock worth $2,227,000 after buying an additional 24,578 shares during the period. Teachers Advisors LLC lifted its position in shares of Maxim Integrated Products by 2.9% in the 1st quarter. Teachers Advisors LLC now owns 456,226 shares of the semiconductor company’s stock worth $20,512,000 after purchasing an additional 12,915 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Maxim Integrated Products by 15.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 716,933 shares of the semiconductor company’s stock worth $32,232,000 after purchasing an additional 96,467 shares during the period. Morgan Stanley lifted its position in shares of Maxim Integrated Products by 40.9% in the 1st quarter. Morgan Stanley now owns 443,583 shares of the semiconductor company’s stock worth $19,944,000 after purchasing an additional 128,844 shares during the period. Finally, Nomura Holdings Inc. lifted its position in shares of Maxim Integrated Products by 5.8% in the 1st quarter. Nomura Holdings Inc. now owns 7,119 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 389 shares during the period. Institutional investors and hedge funds own 89.45% 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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