Maxim Integrated Products Inc. (MXIM) CEO Tunc Doluca Sells 21,202 Shares

Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,202 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.57, for a total transaction of $1,114,589.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, December 18th, Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $53.00, for a total transaction of $106,000.00.
  • On Friday, December 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $51.74, for a total transaction of $1,086,540.00.
  • On Wednesday, November 8th, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $55.00, for a total transaction of $770,000.00.
  • On Friday, November 3rd, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $53.00, for a total transaction of $742,000.00.
  • On Wednesday, November 1st, Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $52.70, for a total transaction of $1,106,700.00.
  • On Monday, October 23rd, Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $52.16, for a total transaction of $1,564,800.00.

Maxim Integrated Products Inc. (NASDAQ MXIM) opened at $55.05 on Friday. The company has a market cap of $15,366.35, a price-to-earnings ratio of 26.85, a P/E/G ratio of 2.15 and a beta of 1.10. Maxim Integrated Products Inc. has a one year low of $40.44 and a one year 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 released its 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. The firm 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 business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. equities analysts predict that Maxim Integrated Products Inc. will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, November 29th. Maxim Integrated Products’s payout ratio is currently 70.24%.

A number of large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its stake in shares of Maxim Integrated Products by 6.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 332,935 shares of the semiconductor company’s stock valued at $15,884,000 after buying an additional 21,576 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Maxim Integrated Products in the 3rd quarter valued at $300,000. IFM Investors Pty Ltd acquired a new position in shares of Maxim Integrated Products in the 3rd quarter valued at $408,000. Argent Capital Management LLC raised its stake in shares of Maxim Integrated Products by 14.7% in the 3rd quarter. Argent Capital Management LLC now owns 261,500 shares of the semiconductor company’s stock valued at $12,476,000 after buying an additional 33,582 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Maxim Integrated Products by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 707,469 shares of the semiconductor company’s stock valued at $33,753,000 after buying an additional 20,569 shares in the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.

Several analysts recently issued reports on MXIM shares. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of Maxim Integrated Products in a report on Wednesday, September 20th. SunTrust Banks upped their price objective on shares of Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a report on Friday, October 20th. Barclays upped their price objective on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Loop Capital reaffirmed a “buy” rating and set a $57.00 price objective (up from $53.00) on shares of Maxim Integrated Products in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.24.

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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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