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

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $51.89 on Monday. 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 one year low of $38.18 and a one year high of $55.43. The stock has a market cap of $14,606.36, a P/E ratio of 23.06, a PEG ratio of 2.05 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $576.00 million during the quarter, compared to analyst estimates of $576.80 million. During the same quarter last year, the business posted $0.48 EPS. Maxim Integrated Products’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts expect that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid 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 dividend yield of 2.78%. Maxim Integrated Products’s payout ratio is currently 70.24%.

Several research firms have commented on MXIM. Wells Fargo & Company increased their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. BMO Capital Markets increased their price objective on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. B. Riley reiterated a “hold” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a research note on Monday, October 16th. Barclays increased their price objective on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Loop Capital reiterated a “buy” rating and issued a $53.00 price objective on shares of Maxim Integrated Products in a research note on Thursday, August 31st. 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. Maxim Integrated Products presently has an average rating of “Hold” and an average target price of $52.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Maxim Integrated Products by 16.9% in the 2nd 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. bought a new position in Maxim Integrated Products in the 2nd quarter worth approximately $115,000. Benjamin F. Edwards & Company Inc. bought a new position in Maxim Integrated Products in the 3rd quarter worth approximately $128,000. Acrospire Investment Management LLC boosted its holdings in Maxim Integrated Products by 133.3% in the 2nd 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 boosted its holdings in Maxim Integrated Products by 68.5% in the 2nd 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 owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Maxim Integrated Products, Inc. (MXIM) Director Sells $1,011,778.50 in Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.watchlistnews.com/insider-selling-maxim-integrated-products-inc-mxim-director-sells-1011778-50-in-stock/1756903.html.

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)

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.