Bruce E. Kiddoo Sells 22,398 Shares of Maxim Integrated Products, Inc. (MXIM) Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 22,398 shares of Maxim Integrated Products stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $51.68, for a total transaction of $1,157,528.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bruce E. Kiddoo also recently made the following trade(s):

  • On Wednesday, November 1st, Bruce E. Kiddoo sold 10,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $52.90, for a total transaction of $529,000.00.
  • On Monday, August 14th, Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $45.28, for a total transaction of $1,132,000.00.

Maxim Integrated Products, Inc. (MXIM) traded down $0.27 during midday trading on Friday, hitting $53.54. 2,038,900 shares of the company traded hands, compared to its average volume of 2,091,760. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. The company has a market cap of $15,146.79, a price-to-earnings ratio of 23.92, a PEG ratio of 2.12 and a beta of 1.11. Maxim Integrated Products, Inc. has a 1 year low of $37.32 and a 1 year high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million during the quarter, compared to analyst estimates of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. Maxim Integrated Products’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. analysts anticipate that Maxim Integrated Products, Inc. will post 2.48 EPS for the current 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 paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.69%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 70.24%.

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

ILLEGAL ACTIVITY NOTICE: “Bruce E. Kiddoo Sells 22,398 Shares of Maxim Integrated Products, Inc. (MXIM) Stock” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/11/insider-selling-maxim-integrated-products-inc-mxim-cfo-sells-22398-shares-of-stock.html.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price target for the company in a research note on Monday, October 23rd. Citigroup Inc. boosted their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. SunTrust Banks, Inc. boosted their price objective on shares of Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a research report on Friday, October 20th. BMO Capital Markets boosted their price objective on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Finally, Bank of America Corporation boosted their price objective on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.14.

A number of large investors have recently added to or reduced their stakes in MXIM. Northwestern Mutual Wealth Management Co. grew its position in Maxim Integrated Products by 16.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 343 shares during the last quarter. Highstreet Asset Management Inc. purchased a new stake in Maxim Integrated Products during the 2nd quarter worth approximately $115,000. Acrospire Investment Management LLC grew its position in Maxim Integrated Products by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,600 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Maxim Integrated Products during the 3rd quarter worth approximately $128,000. Finally, Duncker Streett & Co. Inc. grew its position in Maxim Integrated Products by 21.1% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 500 shares during the last quarter. 89.45% of the stock is currently owned by institutional investors.

Maxim Integrated Products Company Profile

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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