Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Bruce E. Kiddoo sold 5,000 shares of Maxim Integrated Products stock in a transaction on Monday, June 10th. The stock was sold at an average price of $58.52, for a total transaction of $292,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
MXIM opened at $57.90 on Friday. Maxim Integrated Products Inc. has a fifty-two week low of $46.64 and a fifty-two week high of $63.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.46 and a quick ratio of 5.77. The firm has a market cap of $15.63 billion, a PE ratio of 21.99, a PEG ratio of 2.01 and a beta of 1.38.
Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The company had revenue of $542.38 million during the quarter, compared to the consensus estimate of $540.17 million. During the same quarter last year, the firm earned $0.73 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. On average, sell-side analysts predict that Maxim Integrated Products Inc. will post 2.44 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, May 29th. Maxim Integrated Products’s dividend payout ratio is currently 67.90%.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. BidaskClub raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. ValuEngine raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $64.00 price objective on shares of Maxim Integrated Products in a research report on Tuesday, April 30th. Finally, Deutsche Bank lifted their price objective on shares of Maxim Integrated Products from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.83.
Several institutional investors and hedge funds have recently bought and sold shares of MXIM. Quadrant Capital Group LLC lifted its holdings in shares of Maxim Integrated Products by 328.1% during the first quarter. Quadrant Capital Group LLC now owns 488 shares of the semiconductor company’s stock worth $25,000 after buying an additional 374 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of Maxim Integrated Products by 76.9% during the first quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock worth $36,000 after buying an additional 297 shares in the last quarter. Sun Life Financial INC acquired a new position in Maxim Integrated Products in the fourth quarter valued at about $39,000. Guardian Life Insurance Co. of America acquired a new position in Maxim Integrated Products in the fourth quarter valued at about $40,000. Finally, CWM LLC raised its stake in Maxim Integrated Products by 38.5% in the first quarter. CWM LLC now owns 828 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 230 shares in the last quarter. 93.40% of the stock is owned by institutional investors.
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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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