Traders Buy High Volume of Maxim Integrated Products Call Options (MXIM)

Maxim Integrated Products Inc. (NASDAQ:MXIM) saw unusually large options trading activity on Tuesday. Stock traders purchased 3,699 call options on the stock. This is an increase of 1,868% compared to the average daily volume of 188 call options.

NASDAQ MXIM opened at $59.89 on Wednesday. The company has a quick ratio of 5.85, a current ratio of 6.54 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.14 billion, a PE ratio of 22.10, a PEG ratio of 2.07 and a beta of 1.31. Maxim Integrated Products has a one year low of $46.64 and a one year high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $576.91 million for the quarter, compared to the consensus estimate of $590.50 million. Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. On average, sell-side analysts expect that Maxim Integrated Products will post 2.44 EPS for the current year.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $57.00, for a total transaction of $570,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph R. Bronson sold 5,000 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $54.67, for a total transaction of $273,350.00. The disclosure for this sale can be found here. Insiders sold a total of 61,316 shares of company stock valued at $3,395,474 over the last three months. 0.85% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MXIM. IMS Capital Management bought a new position in shares of Maxim Integrated Products during the 3rd quarter valued at approximately $28,000. CWM LLC boosted its position in shares of Maxim Integrated Products by 78.0% during the 4th quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 262 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of Maxim Integrated Products by 311.8% during the 4th quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 580 shares during the last quarter. Sun Life Financial INC bought a new position in shares of Maxim Integrated Products during the 4th quarter valued at approximately $39,000. Finally, Guardian Life Insurance Co. of America bought a new position in shares of Maxim Integrated Products during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 98.56% of the company’s stock.

A number of equities research analysts have issued reports on MXIM shares. Morgan Stanley cut their price objective on shares of Maxim Integrated Products from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, December 19th. Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Bank of America lowered shares of Maxim Integrated Products from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. Evercore ISI cut their price objective on shares of Maxim Integrated Products from $60.00 to $55.00 in a report on Monday, January 14th. Finally, BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Maxim Integrated Products presently has a consensus rating of “Hold” and an average price target of $59.67.

WARNING: “Traders Buy High Volume of Maxim Integrated Products Call Options (MXIM)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.com-unik.info/2019/04/17/traders-buy-high-volume-of-maxim-integrated-products-call-options-mxim.html.

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.

Featured Article: Diversification For Individual Investors

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit