Insider Selling: Maxim Integrated Products Inc. (MXIM) VP Sells 10,000 Shares of Stock

Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Bruce E. Kiddoo sold 10,000 shares of Maxim Integrated Products stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $62.27, for a total value of $622,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bruce E. Kiddoo also recently made the following trade(s):

  • On Tuesday, January 30th, Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $62.23, for a total transaction of $1,555,750.00.

Shares of Maxim Integrated Products Inc. (NASDAQ MXIM) traded up $0.96 during mid-day trading on Friday, hitting $62.00. The stock had a trading volume of 2,642,738 shares, compared to its average volume of 3,470,000. Maxim Integrated Products Inc. has a 1-year low of $43.35 and a 1-year high of $74.94. The stock has a market capitalization of $13,740.00, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.48 and a quick ratio of 4.14.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The business had revenue of $623.00 million for the quarter, compared to analyst estimates of $620.46 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. equities analysts expect that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.42 per share. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.71%. Maxim Integrated Products’s payout ratio is presently 64.86%.

MXIM has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Stifel Nicolaus boosted their target price on shares of Maxim Integrated Products from $57.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. BMO Capital Markets boosted their target price on shares of Maxim Integrated Products to $55.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Finally, Barclays boosted their target price on shares of Maxim Integrated Products from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Maxim Integrated Products presently has an average rating of “Hold” and a consensus target price of $54.29.

Several hedge funds have recently modified their holdings of the company. Toronto Dominion Bank grew its stake in shares of Maxim Integrated Products by 12.1% during the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 375 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Maxim Integrated Products by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 10,323 shares of the semiconductor company’s stock worth $464,000 after acquiring an additional 617 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Maxim Integrated Products by 18.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,371 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 973 shares during the last quarter. Hallmark Capital Management Inc. boosted its position in Maxim Integrated Products by 3.2% in the third quarter. Hallmark Capital Management Inc. now owns 33,540 shares of the semiconductor company’s stock valued at $1,600,000 after buying an additional 1,025 shares during the last quarter. Finally, Jackson Wealth Management LLC boosted its position in Maxim Integrated Products by 2.4% in the fourth quarter. Jackson Wealth Management LLC now owns 44,659 shares of the semiconductor company’s stock valued at $2,404,000 after buying an additional 1,036 shares during the last quarter.

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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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