Insider Selling: Maxim Integrated Products Inc. (MXIM) CEO Sells 7,500 Shares of Stock

Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 7,500 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $56.98, for a total value of $427,350.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, November 27th, Tunc Doluca sold 2,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $55.79, for a total value of $139,475.00.
  • On Monday, October 1st, Tunc Doluca sold 5,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $56.80, for a total value of $284,000.00.

Shares of Maxim Integrated Products stock opened at $52.90 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.57 and a quick ratio of 3.27. The stock has a market cap of $15.09 billion, a P/E ratio of 19.05, a PEG ratio of 1.73 and a beta of 1.34. Maxim Integrated Products Inc. has a 12 month low of $46.85 and a 12 month high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $638.50 million during the quarter, compared to analysts’ expectations of $635.19 million. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. As a group, equities analysts expect that Maxim Integrated Products Inc. will post 2.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Wednesday, November 28th. Maxim Integrated Products’s payout ratio is presently 67.90%.

A number of analysts recently issued reports on MXIM shares. KeyCorp assumed coverage on Maxim Integrated Products in a research report on Tuesday, September 25th. They set a “sector weight” rating and a $68.00 price objective for the company. Stifel Nicolaus cut Maxim Integrated Products from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $65.00 in a report on Wednesday, September 12th. ValuEngine cut Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Morgan Stanley lowered their target price on Maxim Integrated Products from $60.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Finally, BidaskClub upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.76.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Maxim Integrated Products by 4.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 21,933 shares of the semiconductor company’s stock valued at $1,287,000 after buying an additional 902 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Maxim Integrated Products by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 243,584 shares of the semiconductor company’s stock valued at $14,289,000 after buying an additional 913 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Maxim Integrated Products by 91.2% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,073 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 989 shares during the period. Krane Funds Advisors LLC boosted its stake in shares of Maxim Integrated Products by 9.3% in the 3rd quarter. Krane Funds Advisors LLC now owns 11,896 shares of the semiconductor company’s stock valued at $671,000 after buying an additional 1,014 shares during the period. Finally, Argent Trust Co boosted its stake in shares of Maxim Integrated Products by 27.3% in the 2nd quarter. Argent Trust Co now owns 4,745 shares of the semiconductor company’s stock valued at $278,000 after buying an additional 1,019 shares during the period. Institutional investors and hedge funds own 91.80% of the company’s stock.

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About Maxim Integrated Products

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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