Maxim Integrated Products Inc. (NASDAQ:MXIM) Director Joseph R. Bronson sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $58.98, for a total transaction of $294,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

MXIM stock traded down $2.46 during mid-day trading on Wednesday, hitting $57.57. 5,589,800 shares of the company were exchanged, compared to its average volume of 2,470,430. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.03 and a quick ratio of 3.67. The firm has a market cap of $16.34 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.19. Maxim Integrated Products Inc. has a 12-month low of $45.79 and a 12-month high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The company had revenue of $633.10 million during the quarter, compared to analyst estimates of $630.39 million. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 37.83%. Maxim Integrated Products’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. sell-side analysts anticipate that Maxim Integrated Products Inc. will post 3.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, August 29th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.42. Maxim Integrated Products’s dividend payout ratio (DPR) is 67.90%.

A number of hedge funds have recently made changes to their positions in MXIM. Point72 Asia Hong Kong Ltd purchased a new position in shares of Maxim Integrated Products in the first quarter valued at approximately $106,000. Kiley Juergens Wealth Management LLC purchased a new position in shares of Maxim Integrated Products in the second quarter valued at approximately $117,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Maxim Integrated Products in the first quarter valued at approximately $205,000. Cigna Investments Inc. New purchased a new position in shares of Maxim Integrated Products in the first quarter valued at approximately $209,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of Maxim Integrated Products in the first quarter valued at approximately $218,000. 90.72% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on MXIM shares. BidaskClub cut shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Stifel Nicolaus raised their price objective on shares of Maxim Integrated Products from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Loop Capital started coverage on shares of Maxim Integrated Products in a research report on Friday, June 22nd. They set a “buy” rating and a $70.00 price objective for the company. Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a research report on Thursday, June 14th. Finally, ValuEngine cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Fifteen equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $61.06.

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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