Tunc Doluca Sells 4,000 Shares of Maxim Integrated Products, Inc. (MXIM) Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 4,000 shares of the business’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $40.00, for a total transaction of $160,000.00. 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 3rd, Tunc Doluca sold 18,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $38.62, for a total transaction of $714,470.00.
  • On Tuesday, November 8th, Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00.
  • On Tuesday, November 1st, Tunc Doluca sold 18,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $39.46, for a total transaction of $730,010.00.

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. The company has a market capitalization of $11.53 billion, a P/E ratio of 26.97 and a beta of 1.10. Maxim Integrated Products, Inc. has a 1-year low of $30.28 and a 1-year high of $42.37. The firm has a 50-day moving average of $39.15 and a 200-day moving average of $39.12.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 company earned $561.40 million during the quarter, compared to analyst estimates of $560.84 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts expect 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 company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $0.33 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $1.32 dividend on an annualized basis and a yield of 3.23%. Maxim Integrated Products’s dividend payout ratio is presently 87.42%.

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Several research firms recently weighed in on MXIM. B. Riley restated a “neutral” rating and set a $38.50 price target on shares of Maxim Integrated Products in a report on Thursday, October 27th. Susquehanna began coverage on shares of Maxim Integrated Products in a report on Tuesday, September 20th. They set a “positive” rating and a $50.00 price target on the stock. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, December 21st. Wells Fargo & Company restated a “market perform” rating and set a $37.00 price target (up from $30.50) on shares of Maxim Integrated Products in a report on Monday, October 24th. Finally, Drexel Hamilton boosted their price target on shares of Maxim Integrated Products from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and a consensus target price of $41.30.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of Maxim Integrated Products by 8,551.8% in the second quarter. Acadian Asset Management LLC now owns 14,708 shares of the company’s stock worth $525,000 after buying an additional 14,538 shares in the last quarter. Hartford Investment Management Co. increased its position in shares of Maxim Integrated Products by 28.6% in the second quarter. Hartford Investment Management Co. now owns 8,511 shares of the company’s stock worth $304,000 after buying an additional 1,895 shares in the last quarter. Goelzer Investment Management Inc. increased its position in shares of Maxim Integrated Products by 0.5% in the second quarter. Goelzer Investment Management Inc. now owns 131,211 shares of the company’s stock worth $4,683,000 after buying an additional 699 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Maxim Integrated Products by 100.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 17,780 shares of the company’s stock worth $644,000 after buying an additional 8,890 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new position in shares of Maxim Integrated Products during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.

5 Day Chart for NASDAQ:MXIM

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