Tunc Doluca Sells 21,202 Shares of Maxim Integrated Products, Inc. (MXIM) Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,202 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.57, for a total value of $1,114,589.14. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • 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 value of $106,000.00.
  • On Friday, December 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $51.74, for a total value of $1,086,540.00.
  • On Wednesday, November 8th, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $55.00, for a total value of $770,000.00.
  • On Friday, November 3rd, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $53.00, for a total value 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 value 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 value of $1,564,800.00.

Maxim Integrated Products, Inc. (MXIM) opened at $53.26 on Friday. The stock has a market capitalization of $15,310.06, a PE ratio of 25.98, a PEG ratio of 2.15 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 52 week low of $38.18 and a 52 week high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. sell-side analysts predict that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 70.24%.

Hedge funds have recently bought and sold shares of the stock. Aberdeen Asset Management PLC UK raised its stake in Maxim Integrated Products by 1,402.5% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock worth $16,307,000 after buying an additional 339,024 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Maxim Integrated Products by 9.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock worth $8,572,000 after buying an additional 16,744 shares during the period. Shelton Capital Management raised its stake in Maxim Integrated Products by 24.6% during the 2nd quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock worth $958,000 after buying an additional 4,218 shares during the period. Artemis Investment Management LLP acquired a new position in Maxim Integrated Products during the 3rd quarter worth approximately $6,879,000. Finally, Teachers Advisors LLC raised its stake in Maxim Integrated Products by 51.6% during the 2nd quarter. Teachers Advisors LLC now owns 691,447 shares of the semiconductor company’s stock worth $31,046,000 after buying an additional 235,221 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on MXIM shares. B. Riley reiterated a “neutral” rating and issued a $47.00 price target on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 price target on shares of Maxim Integrated Products in a research report on Wednesday, September 20th. Barclays upped their price target on Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Maxim Group upped their price target on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Drexel Hamilton upped their price target on Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a research 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 given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $52.24.

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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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