Maxim Integrated Products, Inc. (MXIM) CEO Tunc Doluca Sells 21,000 Shares

Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 21,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $51.74, for a total value of $1,086,540.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 shares were sold at an average price of $53.00, for a total value of $106,000.00.
  • 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 value 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 value 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 value 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 value of $1,564,800.00.
  • On Monday, October 2nd, Tunc Doluca sold 15,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $47.91, for a total value of $718,650.00.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded down $0.55 during midday trading on Friday, hitting $52.28. 1,224,367 shares of the stock were exchanged, compared to its average volume of 1,446,816. The firm has a market cap of $14,870.94, a P/E ratio of 25.50, a P/E/G ratio of 2.08 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. Maxim Integrated Products, Inc. has a fifty-two week low of $38.18 and a fifty-two week high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same quarter last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts forecast that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.75%. Maxim Integrated Products’s dividend payout ratio (DPR) is 70.24%.

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Maxim Integrated Products by 13.4% during the 2nd quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after purchasing an additional 2,358,743 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Maxim Integrated Products by 17.2% during the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after purchasing an additional 2,087,911 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Maxim Integrated Products by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after purchasing an additional 3,164,871 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Maxim Integrated Products by 3.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 10,144,296 shares of the semiconductor company’s stock worth $484,652,000 after purchasing an additional 319,169 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Maxim Integrated Products by 0.7% during the 3rd quarter. Wells Fargo & Company MN now owns 6,570,282 shares of the semiconductor company’s stock worth $313,467,000 after purchasing an additional 48,535 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

MXIM has been the topic of several analyst reports. Loop Capital reaffirmed a “buy” rating and set a $57.00 price target (up from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Drexel Hamilton increased their price target on Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Maxim Group raised their target price on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Citigroup raised their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock 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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