Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tunc Doluca also recently made the following trade(s):

  • On Wednesday, September 4th, Tunc Doluca sold 2,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $54.72, for a total value of $136,800.00.
  • On Friday, August 2nd, Tunc Doluca sold 2,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $56.07, for a total value of $140,175.00.
  • On Monday, July 1st, Tunc Doluca sold 7,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $61.16, for a total transaction of $428,120.00.
  • On Thursday, June 27th, Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00.

Shares of NASDAQ MXIM traded down $0.19 during trading on Friday, hitting $59.59. 1,165,335 shares of the company traded hands, compared to its average volume of 1,874,266. The business’s fifty day moving average is $56.21 and its 200 day moving average is $56.76. Maxim Integrated Products Inc. has a fifty-two week low of $46.64 and a fifty-two week high of $65.73. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 6.18 and a current ratio of 6.84.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 period in the prior year, the firm posted $0.73 EPS. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. On average, analysts predict that Maxim Integrated Products Inc. will post 2.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.48 per share. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, August 28th. Maxim Integrated Products’s dividend payout ratio is currently 79.01%.

Several equities research analysts have issued reports on MXIM shares. Deutsche Bank set a $70.00 price objective on shares of Maxim Integrated Products and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Cowen reiterated a “market perform” rating and issued a $57.00 price target (down from $63.00) on shares of Maxim Integrated Products in a research report on Wednesday, July 31st. Benchmark assumed coverage on shares of Maxim Integrated Products in a research report on Thursday, August 1st. They issued a “hold” rating for the company. Finally, Citigroup set a $62.00 price target on shares of Maxim Integrated Products and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $61.44.

Several institutional investors have recently added to or reduced their stakes in MXIM. Invesco Ltd. boosted its holdings in Maxim Integrated Products by 183.1% in the 2nd quarter. Invesco Ltd. now owns 12,048,685 shares of the semiconductor company’s stock worth $720,753,000 after buying an additional 7,793,251 shares during the period. Nuveen Asset Management LLC boosted its holdings in Maxim Integrated Products by 19,703.2% in the 2nd 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 boosted its holdings in Maxim Integrated Products by 37.6% in the 4th quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock worth $215,856,000 after buying an additional 1,160,574 shares during the period. FIL Ltd boosted its holdings in Maxim Integrated Products by 29.8% in the 1st quarter. FIL Ltd now owns 3,507,107 shares of the semiconductor company’s stock worth $186,472,000 after buying an additional 804,734 shares during the period. Finally, First Trust Advisors LP lifted its stake in Maxim Integrated Products by 36.9% in the 1st quarter. First Trust Advisors LP now owns 1,718,292 shares of the semiconductor company’s stock worth $91,362,000 after purchasing an additional 462,950 shares in the last quarter. 95.25% of the stock is owned by hedge funds and other institutional investors.

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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