Tunc Doluca Sells 21,202 Shares of Maxim Integrated Products, Inc. (MXIM) Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,202 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.57, for a total value of $1,114,589.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, December 18th, Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $53.00, for a total value of $106,000.00.
  • On Friday, December 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $51.74, for a total value of $1,086,540.00.
  • 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.

Maxim Integrated Products, Inc. (MXIM) traded up $0.71 during trading hours on Thursday, hitting $53.68. The stock had a trading volume of 2,407,800 shares, compared to its average volume of 2,562,750. The company has a market capitalization of $15,110.00, a PE ratio of 26.19, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. Maxim Integrated Products, Inc. has a 52 week low of $38.18 and a 52 week high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million for 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. equities analysts forecast that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 70.24%.

A number of research firms have issued reports on MXIM. Zacks Investment Research cut Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Morgan Stanley lifted their target price on Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Citigroup lifted their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. SunTrust Banks lifted their target price on Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a research report on Friday, October 20th. Finally, BMO Capital Markets lifted their target price on Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Maxim Integrated Products currently has an average rating of “Hold” and a consensus price target of $52.24.

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 343 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Maxim Integrated Products in the third quarter worth approximately $128,000. Acrospire Investment Management LLC lifted its stake in shares of Maxim Integrated Products by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,600 shares during the period. Mckinley Capital Management LLC Delaware acquired a new position in shares of Maxim Integrated Products in the second quarter worth approximately $144,000. Finally, Toronto Dominion Bank lifted its stake in shares of Maxim Integrated Products by 12.1% in the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 375 shares during the period. Institutional investors own 90.31% of the company’s stock.

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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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