Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) traded up 3.9% during mid-day trading on Tuesday . The company traded as high as $41.29 and last traded at $40.33, with a volume of 6,152,319 shares traded. The stock had previously closed at $38.82.

A number of analysts have issued reports on the company. Jefferies Group reissued a “buy” rating and issued a $42.00 price target (up from $41.00) on shares of Maxim Integrated Products in a research note on Tuesday. B. Riley reissued a “neutral” rating and issued a $40.00 price target on shares of Maxim Integrated Products in a research note on Monday. Drexel Hamilton reissued a “buy” rating and issued a $42.00 price target on shares of Maxim Integrated Products in a research note on Monday. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Monday. Finally, MKM Partners raised their price target on Maxim Integrated Products from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.33.

The stock has a market capitalization of $11.63 billion and a P/E ratio of 51.78. The company has a 50-day moving average of $37.08 and a 200 day moving average of $35.45.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, July 21st. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm earned $566 million during the quarter, compared to analysts’ expectations of $575.46 million. Equities research analysts expect that Maxim Integrated Products Inc. will post $1.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.32 dividend on an annualized basis and a yield of 3.23%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.30.

In other news, VP Edwin Medlin sold 2,496 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $35.46, for a total transaction of $88,508.16. Following the completion of the sale, the vice president now owns 64,959 shares in the company, valued at approximately $2,303,446.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Neil sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $38.00, for a total value of $760,000.00. Following the sale, the vice president now owns 157,949 shares of the company’s stock, valued at approximately $6,002,062. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in MXIM. Vanguard Group Inc. increased its stake in Maxim Integrated Products by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 20,484,960 shares of the company’s stock valued at $778,429,000 after buying an additional 782,463 shares during the period. Morgan Stanley boosted its position in Maxim Integrated Products by 20.3% in the fourth quarter. Morgan Stanley now owns 735,030 shares of the company’s stock valued at $27,931,000 after buying an additional 124,080 shares in the last quarter. New York State Common Retirement Fund boosted its position in Maxim Integrated Products by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 660,200 shares of the company’s stock valued at $25,088,000 after buying an additional 8,800 shares in the last quarter. BHF Kleinwort Benson Group S.A. boosted its position in Maxim Integrated Products by 4.4% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 537,659 shares of the company’s stock valued at $20,431,000 after buying an additional 22,688 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Maxim Integrated Products by 67.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 201,251 shares of the company’s stock valued at $7,648,000 after buying an additional 81,365 shares in the last quarter.

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’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.

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