Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.70, for a total transaction of $1,106,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, October 23rd, Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $52.16, for a total transaction of $1,564,800.00.
  • On Monday, October 2nd, Tunc Doluca sold 15,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00.
  • On Friday, September 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $46.88, for a total transaction of $984,480.00.

Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up $0.87 on Friday, reaching $53.20. The company’s stock had a trading volume of 1,495,932 shares, compared to its average volume of 1,910,042. The stock has a market capitalization of $14,733.01, a PE ratio of 23.26 and a beta of 1.11.

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 analysts’ consensus estimates of $0.56 by $0.04. The business 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 company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. equities analysts expect that Maxim Integrated Products, Inc. will post 2.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 70.24%.

Maxim Integrated Products declared that its board has approved a stock repurchase plan on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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Several institutional investors have recently made changes to their positions in MXIM. BlackRock Inc. grew its stake in Maxim Integrated Products by 13.4% in the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after purchasing an additional 2,358,743 shares in the last quarter. American Century Companies Inc. grew its position in Maxim Integrated Products by 17.2% during the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after purchasing an additional 2,087,911 shares in the last quarter. Bank of New York Mellon Corp grew its position in Maxim Integrated Products by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,593,454 shares of the semiconductor company’s stock worth $475,645,000 after purchasing an additional 167,748 shares in the last quarter. Wells Fargo & Company MN grew its position in Maxim Integrated Products by 1.0% during the 2nd quarter. Wells Fargo & Company MN now owns 6,521,747 shares of the semiconductor company’s stock worth $292,827,000 after purchasing an additional 63,877 shares in the last quarter. Finally, State Street Corp grew its position in Maxim Integrated Products by 0.5% during the 2nd quarter. State Street Corp now owns 6,384,084 shares of the semiconductor company’s stock worth $286,644,000 after purchasing an additional 28,762 shares in the last quarter. Institutional investors own 89.40% of the company’s stock.

A number of brokerages have recently commented on MXIM. Drexel Hamilton reissued a “buy” rating and issued a $52.00 price objective on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Morgan Stanley lifted their price objective on shares of Maxim Integrated Products from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Loop Capital reissued a “buy” rating and issued a $53.00 target price on shares of Maxim Integrated Products in a report on Thursday, August 31st. Wells Fargo & Company boosted their price target on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, KeyCorp upped their price objective on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Maxim Integrated Products has a consensus rating of “Hold” and a consensus target price of $52.14.

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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