Insider Selling: Maxim Integrated Products, Inc. (MXIM) CEO Sells $1,106,700.00 in Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.70, for a total value of $1,106,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • 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 value of $1,564,800.00.
  • On Monday, October 2nd, Tunc Doluca sold 15,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $47.91, for a total value of $718,650.00.
  • On Friday, September 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $46.88, for a total value of $984,480.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) opened at $53.45 on Friday. The firm has a market capitalization of $15,045.48, a PE ratio of 23.76, a PEG ratio of 2.10 and a beta of 1.11. 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 (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The company had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts forecast that Maxim Integrated Products, Inc. will post 2.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.69%. Maxim Integrated Products’s payout ratio is presently 70.24%.

Maxim Integrated Products declared that its board has initiated a share buyback program on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

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Several equities analysts have recently issued reports on the company. Citigroup Inc. upped their price target on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Zacks Investment Research raised Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research note on Monday, October 23rd. BMO Capital Markets upped their price target on Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Wells Fargo & Company upped their price target on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus upped their price target on Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Maxim Integrated Products has a consensus rating of “Hold” and a consensus target price of $52.14.

Several large investors have recently bought and sold shares of MXIM. Prudential Financial Inc. grew its holdings in shares of Maxim Integrated Products by 98.5% during the first quarter. Prudential Financial Inc. now owns 49,535 shares of the semiconductor company’s stock worth $2,227,000 after buying an additional 24,578 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Maxim Integrated Products by 2.9% during the first quarter. Teachers Advisors LLC now owns 456,226 shares of the semiconductor company’s stock worth $20,512,000 after buying an additional 12,915 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Maxim Integrated Products by 15.5% during the first quarter. Dimensional Fund Advisors LP now owns 716,933 shares of the semiconductor company’s stock worth $32,232,000 after buying an additional 96,467 shares in the last quarter. Morgan Stanley grew its holdings in shares of Maxim Integrated Products by 40.9% during the first quarter. Morgan Stanley now owns 443,583 shares of the semiconductor company’s stock worth $19,944,000 after buying an additional 128,844 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Maxim Integrated Products by 19.1% during the first quarter. HighTower Advisors LLC now owns 23,588 shares of the semiconductor company’s stock worth $1,049,000 after buying an additional 3,775 shares in the last quarter. Institutional investors and hedge funds own 89.40% 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.

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

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