Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Bruce E. Kiddoo sold 10,000 shares of Maxim Integrated Products stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.90, for a total value of $529,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was 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.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.74%. Maxim Integrated Products’s payout ratio is 70.24%.

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

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A number of equities analysts have commented on the company. Jefferies Group LLC reaffirmed a “buy” rating on shares of Maxim Integrated Products in a research note on Tuesday, July 11th. Wells Fargo & Company lifted their price target on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. BMO Capital Markets lifted their price objective on Maxim Integrated Products from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. BidaskClub upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, B. Riley reiterated a “hold” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.14.

Several institutional investors have recently bought and sold shares of the company. Smith Salley & Associates acquired a new stake in shares of Maxim Integrated Products in the 3rd quarter worth $1,275,000. American Century Companies Inc. boosted its position in shares of Maxim Integrated Products by 17.2% in the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after purchasing an additional 2,087,911 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Maxim Integrated Products in the 3rd quarter worth $6,879,000. Canada Pension Plan Investment Board boosted its position in shares of Maxim Integrated Products by 36.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 506,210 shares of the semiconductor company’s stock worth $24,151,000 after purchasing an additional 134,008 shares in the last quarter. Finally, Hallmark Capital Management Inc. boosted its position in shares of Maxim Integrated Products by 3.2% in the 3rd quarter. Hallmark Capital Management Inc. now owns 33,540 shares of the semiconductor company’s stock worth $1,600,000 after purchasing an additional 1,025 shares in the last quarter. 89.40% of the stock is owned by hedge funds and other institutional investors.

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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