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

Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was 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 Securities & Exchange Commission, which is accessible 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 $55.81 on Friday. The company has a market cap of $15,687.25, a P/E ratio of 27.22, a P/E/G ratio of 2.18 and a beta of 1.10. 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 12 month low of $40.44 and a 12 month high of $56.50.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. Maxim Integrated Products’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. analysts anticipate that Maxim Integrated Products Inc. will post 2.49 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Maxim Integrated Products from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Friday, October 20th. Wells Fargo & Co raised their price target on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Zacks Investment Research cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. KeyCorp raised their price target on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Finally, Bank of America raised their price target on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.43.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake 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 in the last quarter. American Century Companies Inc. boosted its stake 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 in the last quarter. Bank of New York Mellon Corp boosted its stake 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 in the last quarter. Ameriprise Financial Inc. boosted its stake 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 in the last quarter. Finally, Wells Fargo & Company MN boosted its stake 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 in the last quarter. Institutional investors own 90.28% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2018/01/19/maxim-integrated-products-inc-mxim-ceo-tunc-doluca-sells-4000-shares.html.

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)

Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply