Maxim Integrated Products Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $56.58, for a total value of $1,414,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Maxim Integrated Products stock opened at $52.90 on Friday. The stock has a market cap of $15.19 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.74 and a beta of 1.34. Maxim Integrated Products Inc. has a 52 week low of $46.85 and a 52 week 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 earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 EPS for the quarter, hitting 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 revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Research analysts anticipate that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, November 28th. Maxim Integrated Products’s dividend payout ratio (DPR) is 67.90%.

MXIM has been the topic of a number of research reports. Deutsche Bank cut their price objective on Maxim Integrated Products from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Barclays cut their price objective on Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. Citigroup cut their price objective on Maxim Integrated Products from $61.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. Goldman Sachs Group lowered Maxim Integrated Products from a “neutral” rating to a “sell” rating in a report on Thursday, October 18th. Finally, BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $60.76.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Maxim Integrated Products by 0.5% during the third quarter. Vanguard Group Inc. now owns 28,025,275 shares of the semiconductor company’s stock worth $1,580,346,000 after acquiring an additional 150,909 shares during the period. BlackRock Inc. grew its holdings 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 worth $1,362,651,000 after acquiring an additional 1,077,289 shares during the period. American Century Companies Inc. grew its holdings in Maxim Integrated Products by 0.4% during the second quarter. American Century Companies Inc. now owns 12,403,852 shares of the semiconductor company’s stock worth $727,610,000 after acquiring an additional 47,691 shares during the period. Bank of New York Mellon Corp grew its holdings 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 worth $574,673,000 after acquiring an additional 10,189,895 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Maxim Integrated Products by 1.3% during the third quarter. Wells Fargo & Company MN now owns 6,988,853 shares of the semiconductor company’s stock worth $394,102,000 after acquiring an additional 89,834 shares during the period. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

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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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