Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Bruce E. Kiddoo sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $51.71, for a total value of $1,292,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bruce E. Kiddoo also recently made the following trade(s):

  • On Thursday, October 26th, Bruce E. Kiddoo sold 22,398 shares of Maxim Integrated Products stock. The shares were sold at an average price of $51.68, for a total value of $1,157,528.64.
  • On Monday, August 14th, Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $45.28, for a total value of $1,132,000.00.

Shares of Maxim Integrated Products, Inc. (MXIM) traded up 0.31% during midday trading on Friday, reaching $52.17. The company’s stock had a trading volume of 1,136,438 shares. The company has a market capitalization of $14.72 billion, a P/E ratio of 26.35 and a beta of 1.05. Maxim Integrated Products, Inc. has a one year low of $37.32 and a one year high of $53.10. The stock’s 50-day moving average is $48.25 and its 200-day moving average is $46.43.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million during the quarter, compared to analyst estimates of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. On average, equities analysts expect that Maxim Integrated Products, Inc. will post $2.53 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.36 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.77%. Maxim Integrated Products’s payout ratio is 70.24%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in MXIM. Prudential Financial Inc. boosted its position in shares of Maxim Integrated Products by 98.5% during the first 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 boosted its position in shares of Maxim Integrated Products by 2.9% during the first quarter. Teachers Advisors LLC now owns 456,226 shares of the semiconductor company’s stock worth $20,512,000 after buying an additional 12,915 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Maxim Integrated Products by 15.5% during the first quarter. Dimensional Fund Advisors LP now owns 716,933 shares of the semiconductor company’s stock worth $32,232,000 after buying an additional 96,467 shares during the period. Morgan Stanley boosted its position in shares of Maxim Integrated Products by 40.9% during the first quarter. Morgan Stanley now owns 443,583 shares of the semiconductor company’s stock worth $19,944,000 after buying an additional 128,844 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Maxim Integrated Products by 19.1% during the first quarter. HighTower Advisors LLC now owns 23,588 shares of the semiconductor company’s stock worth $1,049,000 after buying an additional 3,775 shares during the period. Institutional investors and hedge funds own 89.45% of the company’s stock.

A number of equities analysts have recently commented on MXIM shares. Loop Capital reiterated a “buy” rating and issued a $43.00 target price on shares of Maxim Integrated Products in a report on Tuesday, August 22nd. Maxim Group reiterated a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday, September 6th. 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. Credit Suisse Group lifted their target price on Maxim Integrated Products from $46.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Finally, B. Riley reiterated a “hold” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and a consensus target price of $52.14.

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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