Maxim Integrated Products Inc. (NASDAQ:MXIM) Director James R. Bergman sold 4,400 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $53.24, for a total value of $234,256.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:MXIM traded down $0.02 during trading hours on Tuesday, hitting $51.98. 173,568 shares of the company’s stock traded hands, compared to its average volume of 3,721,761. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.69 and a beta of 1.28. Maxim Integrated Products Inc. has a twelve month low of $46.85 and a twelve month high of $74.94. The company has a current ratio of 3.57, a quick ratio of 3.27 and a debt-to-equity ratio of 0.52.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $638.50 million for the quarter, compared to analyst estimates of $635.19 million. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. Maxim Integrated Products’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. Equities analysts forecast that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Wednesday, November 28th. Maxim Integrated Products’s payout ratio is 67.90%.

Several equities research analysts have recently commented on MXIM shares. Morgan Stanley reduced their target price on Maxim Integrated Products from $60.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Stifel Nicolaus downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $65.00 in a report on Wednesday, September 12th. ValuEngine downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, BidaskClub downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $60.76.

A number of large investors have recently bought and sold shares of MXIM. Bank of New York Mellon Corp raised its position in Maxim Integrated Products by 897,788.1% during the third quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock valued at $574,673,000 after buying an additional 10,189,895 shares during the period. AQR Capital Management LLC raised its position in Maxim Integrated Products by 74.6% during the third quarter. AQR Capital Management LLC now owns 2,669,658 shares of the semiconductor company’s stock valued at $150,542,000 after buying an additional 1,140,996 shares during the period. BlackRock Inc. raised its position in Maxim Integrated Products by 4.7% during the third quarter. BlackRock Inc. now owns 24,164,756 shares of the semiconductor company’s stock valued at $1,362,651,000 after buying an additional 1,077,289 shares during the period. Renaissance Technologies LLC raised its position in Maxim Integrated Products by 77.8% during the third quarter. Renaissance Technologies LLC now owns 1,411,100 shares of the semiconductor company’s stock valued at $79,572,000 after buying an additional 617,300 shares during the period. Finally, Voya Investment Management LLC raised its position in Maxim Integrated Products by 279.5% during the second quarter. Voya Investment Management LLC now owns 707,834 shares of the semiconductor company’s stock valued at $41,521,000 after buying an additional 521,306 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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Maxim Integrated Products Company Profile

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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