Maxim Integrated Products Inc. (MXIM) VP Christopher J. Neil Sells 3,500 Shares

Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Christopher J. Neil sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $61.35, for a total value of $214,725.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Christopher J. Neil also recently made the following trade(s):

  • On Tuesday, January 30th, Christopher J. Neil sold 12,634 shares of Maxim Integrated Products stock. The shares were sold at an average price of $62.01, for a total value of $783,434.34.
  • On Tuesday, January 2nd, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $52.56, for a total value of $183,960.00.
  • On Friday, December 1st, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $51.77, for a total value of $181,195.00.

Shares of Maxim Integrated Products Inc. (NASDAQ MXIM) traded up $0.97 during midday trading on Tuesday, hitting $59.49. The stock had a trading volume of 2,995,156 shares, compared to its average volume of 3,423,458. The stock has a market capitalization of $16,650.00, a PE ratio of 44.73, a PEG ratio of 2.24 and a beta of 1.19. Maxim Integrated Products Inc. has a one year low of $43.35 and a one year high of $74.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. The company had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $620.46 million. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. analysts predict that Maxim Integrated Products Inc. will post 2.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.42 dividend. The ex-dividend date is Wednesday, February 28th. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 2.82%. Maxim Integrated Products’s payout ratio is 108.27%.

MXIM has been the subject of a number of research analyst reports. Bank of America increased their price target on Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Loop Capital reaffirmed a “buy” rating and set a $57.00 price target (up from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Stifel Nicolaus increased their price target on Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Drexel Hamilton increased their price target on Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Maxim Group increased their price target on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Maxim Integrated Products presently has a consensus rating of “Hold” and a consensus target price of $54.29.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its position 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 valued at $156,000 after purchasing an additional 375 shares in the last quarter. Prudential PLC grew its position in shares of Maxim Integrated Products by 9.4% in the second quarter. Prudential PLC now owns 5,800 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Maxim Integrated Products by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,323 shares of the semiconductor company’s stock valued at $464,000 after purchasing an additional 617 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Maxim Integrated Products by 18.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,371 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 973 shares in the last quarter. Finally, Hallmark Capital Management Inc. grew its position in shares of Maxim Integrated Products by 3.2% in the third quarter. Hallmark Capital Management Inc. now owns 33,540 shares of the semiconductor company’s stock valued at $1,600,000 after purchasing an additional 1,025 shares in the last quarter.

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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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