Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca Sells 30,000 Shares

Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 30,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $52.16, for a total value of $1,564,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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 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 stock was sold at an average price of $46.88, for a total value of $984,480.00.
  • On Tuesday, August 1st, Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $45.60, for a total value of $547,200.00.

Maxim Integrated Products, Inc. (NASDAQ MXIM) traded down $0.27 during trading hours on Friday, reaching $53.54. 2,038,900 shares of the company’s stock were exchanged, compared to its average volume of 2,091,760. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The stock has a market cap of $15,146.79, a PE ratio of 23.92, a P/E/G ratio of 2.12 and a beta of 1.11. Maxim Integrated Products, Inc. has a one year low of $37.32 and a one 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. analysts predict that Maxim Integrated Products, Inc. will post 2.48 earnings per share for the current year.

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

Maxim Integrated Products declared that its board has authorized a share repurchase plan on Thursday, July 20th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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A number of large investors have recently bought and sold shares of MXIM. BlackRock Inc. lifted its position in shares of Maxim Integrated Products by 13.4% during the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after purchasing an additional 2,358,743 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Maxim Integrated Products by 17.2% during the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after purchasing an additional 2,087,911 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Maxim Integrated Products by 29.9% during the third quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after purchasing an additional 3,164,871 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Maxim Integrated Products by 3.2% during the third quarter. Ameriprise Financial Inc. now owns 10,144,296 shares of the semiconductor company’s stock worth $484,652,000 after purchasing an additional 319,169 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Maxim Integrated Products by 0.7% during the third quarter. Wells Fargo & Company MN now owns 6,570,282 shares of the semiconductor company’s stock worth $313,467,000 after purchasing an additional 48,535 shares during the last quarter. 89.45% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. BMO Capital Markets boosted their price target on Maxim Integrated Products from $47.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. B. Riley reissued a “hold” rating and set a $47.00 price target on shares of Maxim Integrated Products in a research note on Monday, October 16th. Barclays PLC boosted their price target on Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $53.00 target price on shares of Maxim Integrated Products in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $52.14.

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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