Maxim Integrated Products, Inc. (NASDAQ:MXIM) insider Bryan Preeshl sold 1,234 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.71, for a total value of $56,406.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Bryan Preeshl also recently made the following trade(s):

  • On Thursday, May 25th, Bryan Preeshl sold 13,586 shares of Maxim Integrated Products stock. The shares were sold at an average price of $47.78, for a total value of $649,139.08.

Shares of Maxim Integrated Products, Inc. (MXIM) traded down 3.72% during mid-day trading on Thursday, reaching $43.99. The company’s stock had a trading volume of 2,155,032 shares. Maxim Integrated Products, Inc. has a 12-month low of $37.25 and a 12-month high of $49.70. The stock has a market capitalization of $12.41 billion, a P/E ratio of 22.22 and a beta of 1.04. The company’s 50-day moving average price is $45.48 and its 200-day moving average price is $45.55.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The business had revenue of $602 million for the quarter, compared to the consensus estimate of $609.52 million. During the same quarter in the previous year, the company posted $0.49 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Maxim Integrated Products, Inc. will post $2.34 earnings per share for the current fiscal year.

Maxim Integrated Products announced that its board has initiated a share buyback program on Thursday, July 20th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be paid a $0.36 dividend. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 3.27%. Maxim Integrated Products’s payout ratio is presently 66.33%.

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A number of hedge funds have recently added to or reduced their stakes in MXIM. Proficio Capital Partners LLC increased its stake in Maxim Integrated Products by 51.4% in the first quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock worth $106,000 after buying an additional 764 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in 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 buying an additional 343 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in Maxim Integrated Products by 57.8% in the first quarter. Duncker Streett & Co. Inc. now owns 2,374 shares of the semiconductor company’s stock worth $107,000 after buying an additional 870 shares during the last quarter. Highstreet Asset Management Inc. purchased a new stake in Maxim Integrated Products during the second quarter worth about $115,000. Finally, Acrospire Investment Management LLC increased its stake in 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 buying an additional 1,600 shares during the last quarter. 90.20% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on MXIM shares. Stifel Nicolaus reiterated a “buy” rating and set a $54.00 price target (up from $52.00) on shares of Maxim Integrated Products in a research report on Friday, May 26th. Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday, April 24th. Jefferies Group LLC reiterated a “buy” rating and set a $51.00 price target (up from $49.00) on shares of Maxim Integrated Products in a research report on Monday, April 24th. BidaskClub cut Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.61.

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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