Maxim Integrated Products, Inc. (NASDAQ:MXIM) Director William D. Watkins sold 19,650 shares of Maxim Integrated Products stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total value of $1,011,778.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Maxim Integrated Products, Inc. (MXIM) traded up $0.66 during midday trading on Friday, hitting $52.16. The stock had a trading volume of 1,650,300 shares, compared to its average volume of 2,046,936. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68. Maxim Integrated Products, Inc. has a 1-year low of $38.18 and a 1-year high of $55.43. The firm has a market cap of $14,720.00, a price-to-earnings ratio of 22.89, a PEG ratio of 2.02 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million for 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 was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. sell-side analysts forecast that Maxim Integrated Products, Inc. will post 2.49 earnings per share for the current year.

The company also recently declared 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. This represents a $1.44 annualized dividend and a yield of 2.76%. The ex-dividend date is Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is 70.24%.

MXIM has been the subject of several recent research reports. Loop Capital reiterated a “buy” rating and issued a $57.00 price objective (up previously from $53.00) on shares of Maxim Integrated Products in a research note on Friday, October 20th. Zacks Investment Research cut Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Drexel Hamilton lifted their price objective on Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Maxim Group lifted their price objective on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Citigroup lifted their price objective on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position 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 worth $106,000 after buying an additional 343 shares during the period. Highstreet Asset Management Inc. acquired a new position in Maxim Integrated Products during the second quarter worth approximately $115,000. Benjamin F. Edwards & Company Inc. acquired a new position in Maxim Integrated Products during the third quarter worth approximately $128,000. Acrospire Investment Management LLC increased its position 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 worth $126,000 after buying an additional 1,600 shares during the period. Finally, IFP Advisors Inc increased its position in 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 during the period. 90.48% of the stock is currently owned by institutional investors.

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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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