Maxim Integrated Products Inc. (NASDAQ:MXIM) Director James R. Bergman sold 1,400 shares of Maxim Integrated Products stock in a transaction on Monday, September 9th. The stock was sold at an average price of $57.45, for a total transaction of $80,430.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ MXIM traded up $1.43 during trading on Wednesday, reaching $59.77. The company’s stock had a trading volume of 2,413,945 shares, compared to its average volume of 1,877,254. The business’s fifty day moving average price is $56.29 and its 200-day moving average price is $56.74. Maxim Integrated Products Inc. has a twelve month low of $46.64 and a twelve month high of $65.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 6.18 and a current ratio of 6.84. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.24 and a beta of 1.39.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. The business had revenue of $557.00 million during the quarter, compared to the consensus estimate of $559.97 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Maxim Integrated Products Inc. will post 2.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 28th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 3.21%. Maxim Integrated Products’s dividend payout ratio is currently 79.01%.

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its holdings in shares of Maxim Integrated Products by 183.1% in the second quarter. Invesco Ltd. now owns 12,048,685 shares of the semiconductor company’s stock valued at $720,753,000 after purchasing an additional 7,793,251 shares during the period. Nuveen Asset Management LLC grew its position in Maxim Integrated Products by 19,703.2% during the second quarter. Nuveen Asset Management LLC now owns 1,213,541 shares of the semiconductor company’s stock worth $72,593,000 after buying an additional 1,207,413 shares during the period. Geode Capital Management LLC increased its holdings in Maxim Integrated Products by 37.6% in the fourth quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock valued at $215,856,000 after buying an additional 1,160,574 shares in the last quarter. FIL Ltd increased its holdings in Maxim Integrated Products by 29.8% in the first quarter. FIL Ltd now owns 3,507,107 shares of the semiconductor company’s stock valued at $186,472,000 after buying an additional 804,734 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Maxim Integrated Products by 36.9% in the first quarter. First Trust Advisors LP now owns 1,718,292 shares of the semiconductor company’s stock valued at $91,362,000 after buying an additional 462,950 shares in the last quarter. 95.25% of the stock is owned by institutional investors.

MXIM has been the subject of several research analyst reports. Citigroup set a $62.00 price objective on shares of Maxim Integrated Products and gave the company a “hold” rating in a research note on Wednesday, July 31st. Cowen reaffirmed a “market perform” rating and set a $57.00 price objective (down previously from $63.00) on shares of Maxim Integrated Products in a report on Wednesday, July 31st. BidaskClub upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 3rd. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a report on Thursday, July 25th. Finally, Deutsche Bank set a $70.00 target price on Maxim Integrated Products and gave the company a “buy” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.44.

About Maxim Integrated Products

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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