Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Sumeet Gagneja sold 517 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $56.72, for a total transaction of $29,324.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:MXIM traded down $0.34 on Thursday, reaching $54.48. 6,198,022 shares of the company traded hands, compared to its average volume of 2,899,710. Maxim Integrated Products Inc. has a 52 week low of $46.85 and a 52 week high of $74.94. The stock has a market capitalization of $15.19 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34. The company has a current ratio of 3.57, a quick ratio of 3.27 and a debt-to-equity ratio of 0.52.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.75. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. The firm had revenue of $638.50 million for the quarter, compared to analysts’ expectations of $635.19 million. During the same period last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts predict that Maxim Integrated Products Inc. will post 2.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.38%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 67.90%.

Several large investors have recently made changes to their positions in MXIM. Bank of New York Mellon Corp grew its stake in shares of Maxim Integrated Products by 897,788.1% during the third quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock valued at $574,673,000 after buying an additional 10,189,895 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Maxim Integrated Products by 74.6% during the third quarter. AQR Capital Management LLC now owns 2,669,658 shares of the semiconductor company’s stock valued at $150,542,000 after buying an additional 1,140,996 shares during the last quarter. BlackRock Inc. grew its stake in shares of Maxim Integrated Products by 4.7% during the third quarter. BlackRock Inc. now owns 24,164,756 shares of the semiconductor company’s stock valued at $1,362,651,000 after buying an additional 1,077,289 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Maxim Integrated Products by 77.8% during the third quarter. Renaissance Technologies LLC now owns 1,411,100 shares of the semiconductor company’s stock valued at $79,572,000 after buying an additional 617,300 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Maxim Integrated Products by 279.5% during the second quarter. Voya Investment Management LLC now owns 707,834 shares of the semiconductor company’s stock valued at $41,521,000 after buying an additional 521,306 shares during the last quarter. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

MXIM has been the topic of several research analyst reports. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Loop Capital decreased their price target on shares of Maxim Integrated Products to $59.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Deutsche Bank reduced their target price on Maxim Integrated Products from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Jefferies Financial Group reduced their target price on Maxim Integrated Products from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, Barclays reduced their target price on Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. Maxim Integrated Products has a consensus rating of “Hold” and a consensus target price of $60.76.

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Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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