Maxim Integrated Products, Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.60, for a total transaction of $547,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, July 3rd, Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $44.72, for a total transaction of $536,640.00.
  • On Tuesday, June 6th, Tunc Doluca sold 6,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $49.00, for a total transaction of $294,000.00.
  • On Friday, May 19th, Tunc Doluca sold 3,000 shares of Maxim Integrated Products stock. The shares were sold at an average price of $47.00, for a total transaction of $141,000.00.

Maxim Integrated Products, Inc. (MXIM) opened at 44.71 on Friday. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70. The company’s 50-day moving average is $45.85 and its 200-day moving average is $45.35. The firm has a market cap of $12.64 billion, a PE ratio of 22.58 and a beta of 1.04.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $602 million during the quarter, compared to the consensus estimate of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, analysts forecast that Maxim Integrated Products, Inc. will post $2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Tuesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s dividend payout ratio is currently 66.33%.

Maxim Integrated Products announced that its board has authorized a share repurchase plan on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

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Several equities research analysts have recently commented on the stock. MKM Partners assumed coverage on shares of Maxim Integrated Products in a research report on Friday, April 7th. They set a “neutral” rating and a $48.00 price target for the company. Drexel Hamilton reiterated a “buy” rating and set a $52.00 price target (up previously from $46.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target (up previously from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Jefferies Group LLC reiterated a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Loop Capital reiterated a “buy” rating and set a $51.00 price target (up previously from $50.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $47.61.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Maxim Integrated Products by 2,247.2% in the first quarter. BlackRock Inc. now owns 17,583,071 shares of the semiconductor company’s stock valued at $790,536,000 after buying an additional 16,833,967 shares during the period. American Century Companies Inc. increased its stake in shares of Maxim Integrated Products by 10.6% in the first quarter. American Century Companies Inc. now owns 12,156,414 shares of the semiconductor company’s stock valued at $546,552,000 after buying an additional 1,168,581 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Maxim Integrated Products by 33.7% in the first quarter. OppenheimerFunds Inc. now owns 11,693,483 shares of the semiconductor company’s stock valued at $525,738,000 after buying an additional 2,948,722 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Maxim Integrated Products by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 10,593,454 shares of the semiconductor company’s stock valued at $475,645,000 after buying an additional 167,748 shares during the period. Finally, State Street Corp increased its stake in shares of Maxim Integrated Products by 5.2% in the first quarter. State Street Corp now owns 6,355,322 shares of the semiconductor company’s stock valued at $285,716,000 after buying an additional 314,953 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

About Maxim Integrated Products

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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