Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Sells $1,292,750.00 in Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $51.71, for a total transaction of $1,292,750.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 shares were sold at an average price of $52.90, for a total transaction of $529,000.00.
  • On Thursday, October 26th, Bruce E. Kiddoo sold 22,398 shares of Maxim Integrated Products stock. The shares were sold at an average price of $51.68, for a total transaction of $1,157,528.64.
  • On Monday, August 14th, Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $45.28, for a total transaction of $1,132,000.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) opened at $53.54 on Friday. Maxim Integrated Products, Inc. has a twelve month low of $37.32 and a twelve month high of $55.43. 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 company has a market cap of $15,146.79, a price-to-earnings ratio of 23.92, a P/E/G ratio of 2.12 and a beta of 1.11.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. analysts predict that Maxim Integrated Products, Inc. will post 2.48 EPS for the current year.

Maxim Integrated Products announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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

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Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Maxim Integrated Products by 483.2% in the 2nd quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock valued at $100,403,000 after buying an additional 1,852,730 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Maxim Integrated Products by 1,402.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock valued at $16,307,000 after buying an additional 339,024 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Maxim Integrated Products by 9.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock valued at $8,572,000 after buying an additional 16,744 shares during the last quarter. Federated Investors Inc. PA increased its stake in Maxim Integrated Products by 1,536.5% in the 2nd quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock valued at $14,706,000 after buying an additional 307,509 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Maxim Integrated Products by 51.6% in the 2nd quarter. Teachers Advisors LLC now owns 691,447 shares of the semiconductor company’s stock valued at $31,046,000 after buying an additional 235,221 shares during the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.

Several analysts have recently commented on the stock. B. Riley reissued a “neutral” rating and set a $47.00 price target on shares of Maxim Integrated Products in a research note on Tuesday, September 12th. BidaskClub cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC raised their price objective on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 20th. Finally, SunTrust Banks, Inc. raised their price objective on shares of Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus 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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