Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 4,000 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $55.00, for a total transaction of $220,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, January 2nd, Tunc Doluca sold 21,202 shares of Maxim Integrated Products stock. The shares were sold at an average price of $52.57, for a total transaction of $1,114,589.14.
  • On Monday, December 18th, Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00.
  • On Friday, December 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $51.74, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,564,800.00.

Shares of Maxim Integrated Products Inc. (NASDAQ MXIM) opened at $54.33 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. Maxim Integrated Products Inc. has a 1 year low of $40.44 and a 1 year high of $55.43. The firm has a market cap of $15,290.00, a PE ratio of 26.50, a P/E/G ratio of 2.17 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $576.80 million. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts predict that Maxim Integrated Products Inc. will post 2.47 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Maxim Integrated Products by 13.4% in the 2nd 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 during the period. American Century Companies Inc. raised its position in Maxim Integrated Products by 17.2% in 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 during the period. Bank of New York Mellon Corp raised its position in Maxim Integrated Products by 29.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after purchasing an additional 3,164,871 shares during the period. Ameriprise Financial Inc. raised its position in Maxim Integrated Products by 3.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 10,144,296 shares of the semiconductor company’s stock worth $484,652,000 after purchasing an additional 319,169 shares during the period. Finally, Wells Fargo & Company MN raised its position in Maxim Integrated Products by 0.7% in the 3rd quarter. Wells Fargo & Company MN now owns 6,570,282 shares of the semiconductor company’s stock worth $313,467,000 after purchasing an additional 48,535 shares during the period. 90.28% of the stock is currently owned by institutional investors.

Several research firms have commented on MXIM. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Citigroup increased their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Morgan Stanley increased their price objective on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Bank of America upped their target price on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, KeyCorp upped their target price on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $52.24.

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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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