Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $51.74, for a total value of $1,086,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, November 8th, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $55.00, for a total value of $770,000.00.
  • On Friday, November 3rd, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $53.00, for a total value of $742,000.00.
  • On Wednesday, November 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $52.70, for a total value of $1,106,700.00.
  • On Monday, October 23rd, Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $52.16, for a total value of $1,564,800.00.
  • 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 value of $718,650.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded down $0.50 on Tuesday, reaching $51.41. 1,765,400 shares of the company’s stock traded hands, compared to its average volume of 2,054,971. Maxim Integrated Products, Inc. has a 1-year low of $37.88 and a 1-year high of $55.43. The firm has a market capitalization of $14,590.00, a P/E ratio of 23.07, a P/E/G ratio of 2.03 and a beta of 1.10. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same period in the previous year, the business earned $0.48 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. equities analysts expect that Maxim Integrated Products, Inc. will post 2.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.80%. Maxim Integrated Products’s dividend payout ratio is currently 70.24%.

A number of research firms recently commented on MXIM. Loop Capital reiterated a “buy” rating and set a $43.00 price target on shares of Maxim Integrated Products in a report on Tuesday, August 22nd. Stifel Nicolaus boosted their price objective on Maxim Integrated Products from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Credit Suisse Group boosted their price objective on Maxim Integrated Products from $46.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a report on Monday, October 23rd. Finally, Maxim Group restated a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.14.

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 worth $106,000 after buying an additional 343 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of Maxim Integrated Products during the second quarter worth $115,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Maxim Integrated Products during the third quarter worth $128,000. Acrospire Investment Management LLC increased its holdings in shares of 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 worth $126,000 after buying an additional 1,600 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Maxim Integrated Products by 68.5% during the second quarter. IFP Advisors Inc now owns 3,114 shares of the semiconductor company’s stock worth $140,000 after buying an additional 1,266 shares in the last quarter. Institutional investors own 90.48% of the company’s stock.

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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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