Maxim Integrated Products Inc. (MXIM) CEO Sells $220,000.00 in Stock

Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $55.00, for a total transaction of $220,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, January 2nd, Tunc Doluca sold 21,202 shares of Maxim Integrated Products stock. The shares were sold at an average price of $52.57, for a total transaction of $1,114,589.14.
  • On Monday, December 18th, Tunc Doluca sold 2,000 shares of Maxim Integrated Products stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $52.16, for a total transaction of $1,564,800.00.

Shares of Maxim Integrated Products Inc. (NASDAQ MXIM) opened at $55.81 on Friday. 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 $15,687.25, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. Maxim Integrated Products Inc. has a twelve month low of $40.44 and a twelve month high of $56.50.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. equities research analysts predict that Maxim Integrated Products Inc. will post 2.49 EPS for the current year.

MXIM has been the subject of several research reports. Loop Capital reissued 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. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Drexel Hamilton boosted their price objective on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Maxim Group boosted their price objective on shares of Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Citigroup boosted their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Two equities research 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 has an average rating of “Hold” and an average target price of $52.43.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fiera Capital Corp increased its stake in shares of Maxim Integrated Products by 0.7% in the second quarter. Fiera Capital Corp now owns 15,596 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 107 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Maxim Integrated Products by 5.8% in the second quarter. Ropes Wealth Advisors LLC now owns 4,248 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 234 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 343 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Maxim Integrated Products by 12.1% in the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 375 shares in the last quarter. Finally, AXA increased its stake in shares of Maxim Integrated Products by 5.6% in the second quarter. AXA now owns 7,583 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 400 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

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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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