Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.70, for a total transaction of $1,106,700.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Monday, October 23rd, Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $52.16, for a total transaction of $1,564,800.00.
  • On Monday, October 2nd, Tunc Doluca sold 15,000 shares of Maxim Integrated Products stock. The stock was 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 stock was sold at an average price of $46.88, for a total transaction of $984,480.00.

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

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

Maxim Integrated Products declared that its board has initiated a stock buyback plan on Thursday, July 20th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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Several research analysts have recently weighed in on MXIM shares. Loop Capital reiterated a “buy” rating and set a $43.00 price target on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. Maxim Group restated a “buy” rating on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Drexel Hamilton restated a “buy” rating and set a $52.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Credit Suisse Group AG lifted their target price on shares of Maxim Integrated Products from $46.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Finally, Bank of America Corporation lifted their target price on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $52.14.

A number of institutional investors and hedge funds have recently bought and sold shares of MXIM. Northwestern Mutual Wealth Management Co. lifted its holdings in Maxim Integrated Products by 16.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 343 shares in the last quarter. Highstreet Asset Management Inc. purchased a new position in Maxim Integrated Products during the second quarter valued at $115,000. Acrospire Investment Management LLC lifted its holdings in Maxim Integrated Products by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 1,600 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Maxim Integrated Products during the third quarter valued at $128,000. Finally, Duncker Streett & Co. Inc. lifted its holdings in Maxim Integrated Products by 21.1% during the second quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 500 shares in the last quarter. 89.40% of the stock is currently owned by institutional investors and hedge funds.

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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