Maxim Integrated Products, Inc. (MXIM) VP Sells $400,000.00 in Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Christopher J. Neil sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded down 0.46% during midday trading on Wednesday, hitting $40.70. 1,291,539 shares of the stock were exchanged. Maxim Integrated Products, Inc. has a 1-year low of $30.28 and a 1-year high of $42.37. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 26.97 and a beta of 1.10. The firm’s 50 day moving average is $39.15 and its 200-day moving average is $39.12.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Maxim Integrated Products had a net margin of 19.93% and a return on equity of 22.94%. The firm earned $561.40 million during the quarter, compared to the consensus estimate of $560.84 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that Maxim Integrated Products, Inc. will post $1.95 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 87.42%.

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A number of large investors have recently bought and sold shares of MXIM. Tdam USA Inc. increased its stake in Maxim Integrated Products by 0.5% in the third quarter. Tdam USA Inc. now owns 12,157 shares of the company’s stock valued at $485,000 after buying an additional 62 shares during the period. Ancora Inverness LLC increased its stake in Maxim Integrated Products by 0.8% in the second quarter. Ancora Inverness LLC now owns 20,216 shares of the company’s stock valued at $722,000 after buying an additional 159 shares during the period. PNC Financial Services Group Inc. increased its stake in Maxim Integrated Products by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 25,135 shares of the company’s stock valued at $896,000 after buying an additional 210 shares during the period. Advisor Group Inc. increased its stake in Maxim Integrated Products by 10.7% in the third quarter. Advisor Group Inc. now owns 3,479 shares of the company’s stock valued at $138,000 after buying an additional 335 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Maxim Integrated Products by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,758 shares of the company’s stock valued at $705,000 after buying an additional 356 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on MXIM shares. Pacific Crest restated an “overweight” rating on shares of Maxim Integrated Products in a research report on Thursday, September 15th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Monday, October 24th. Wells Fargo & Company restated a “market perform” rating and issued a $37.00 price objective (up previously from $30.50) on shares of Maxim Integrated Products in a research report on Monday, October 24th. Maxim Group started coverage on shares of Maxim Integrated Products in a research report on Tuesday, September 20th. They issued a “positive” rating and a $50.00 price objective for the company. Finally, Susquehanna initiated coverage on shares of Maxim Integrated Products in a research report on Tuesday, September 20th. They issued a “positive” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $41.30.

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.

5 Day Chart for NASDAQ:MXIM

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