Maxim Integrated Products, Inc. (MXIM) VP Christopher J. Neil Sells 3,500 Shares

Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.56, for a total transaction of $183,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Christopher J. Neil also recently made the following trade(s):

  • On Friday, December 1st, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $51.77, for a total transaction of $181,195.00.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded down $0.22 on Thursday, reaching $53.60. 1,857,600 shares of the company traded hands, compared to its average volume of 2,149,157. The company has a market cap of $15,210.00, a P/E ratio of 26.15, a PEG ratio of 2.10 and a beta of 1.10. Maxim Integrated Products, Inc. has a 52 week low of $39.75 and a 52 week high of $55.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same period last year, the firm earned $0.48 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities analysts anticipate that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current year.

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

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in shares of Maxim Integrated Products by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after acquiring an additional 3,164,871 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Maxim Integrated Products by 13.4% during the 2nd quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after acquiring an additional 2,358,743 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Maxim Integrated Products by 17.2% during the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after acquiring an additional 2,087,911 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Maxim Integrated Products during the 2nd quarter worth $73,792,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Maxim Integrated Products by 98.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,258,111 shares of the semiconductor company’s stock worth $101,387,000 after acquiring an additional 1,122,327 shares during the last quarter. 90.27% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Wells Fargo & Co raised their price target on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. BMO Capital Markets raised their price target 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. B. Riley reaffirmed a “hold” rating and issued a $47.00 price target on shares of Maxim Integrated Products in a research report on Monday, October 16th. Finally, Barclays raised their price target on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Maxim Integrated Products presently has a consensus rating of “Hold” and an average price target of $52.24.

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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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