Maxim Integrated Products, Inc. (MXIM) Director Sells $30,122.40 in Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) Director Mary Ann Wright sold 560 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.79, for a total transaction of $30,122.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mary Ann Wright also recently made the following trade(s):

  • On Monday, September 11th, Mary Ann Wright sold 560 shares of Maxim Integrated Products stock. The shares were sold at an average price of $46.29, for a total transaction of $25,922.40.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up $0.66 during trading on Thursday, hitting $52.16. 1,650,346 shares of the stock were exchanged, compared to its average volume of 2,046,936. The firm has a market cap of $14,535.97, a price-to-earnings ratio of 22.95, a PEG ratio of 2.02 and a beta of 1.10. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. Maxim Integrated Products, Inc. has a 1-year low of $38.18 and a 1-year high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million for 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 quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. equities analysts expect that Maxim Integrated Products, Inc. will post 2.49 EPS for the current year.

The firm 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 of this dividend is Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.76%. Maxim Integrated Products’s dividend payout ratio (DPR) is 70.24%.

MXIM has been the subject of a number of analyst reports. Maxim Group reissued a “buy” rating on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Drexel Hamilton reissued a “buy” rating and issued a $52.00 price objective on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Loop Capital reissued a “buy” rating and issued a $53.00 price objective on shares of Maxim Integrated Products in a research report on Thursday, August 31st. Stifel Nicolaus upped their price objective on shares of Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Bank of America upped 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 investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $52.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in Maxim Integrated Products by 483.2% during the second quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after acquiring an additional 1,852,730 shares during the period. Aberdeen Asset Management PLC UK raised its stake in Maxim Integrated Products by 1,402.5% during the second quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock worth $16,307,000 after acquiring 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 second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock worth $8,572,000 after acquiring an additional 16,744 shares during the period. Shelton Capital Management raised its stake in Maxim Integrated Products by 24.6% during the second quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock worth $958,000 after acquiring an additional 4,218 shares during the period. Finally, Federated Investors Inc. PA raised its stake in Maxim Integrated Products by 1,536.5% during the second quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock worth $14,706,000 after acquiring an additional 307,509 shares during the period. Hedge funds and other institutional investors own 90.48% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/08/mary-ann-wright-sells-560-shares-of-maxim-integrated-products-inc-mxim-stock.html.

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)

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply