Maxim Integrated Products, Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $44.90, for a total value of $1,122,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at 45.03 on Tuesday. Maxim Integrated Products, Inc. has a 12 month low of $31.56 and a 12 month high of $45.58. The stock has a market cap of $12.73 billion, a PE ratio of 26.09 and a beta of 1.14. The firm has a 50-day moving average price of $42.00 and a 200-day moving average price of $40.18.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Maxim Integrated Products had a return on equity of 24.82% and a net margin of 22.39%. The company earned $551 million during the quarter, compared to analyst estimates of $542.69 million. During the same period in the previous year, the business earned $0.32 EPS. Maxim Integrated Products’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Maxim Integrated Products, Inc. will post $2.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Thursday, March 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $1.32 annualized dividend and a yield of 2.93%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 76.30%.
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Several equities analysts have recently issued reports on MXIM shares. Loop Capital started coverage on Maxim Integrated Products in a research note on Tuesday, December 6th. They set a “buy” rating and a $49.00 target price on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Maxim Integrated Products in a research note on Sunday, October 23rd. Bank of America Corporation raised Maxim Integrated Products from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $51.00 to $43.00 in a research note on Friday, January 27th. Royal Bank Of Canada upped their price target on Maxim Integrated Products from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, January 27th. Finally, Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Monday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.45.
A number of large investors have recently bought and sold shares of MXIM. Tdam USA Inc. raised its stake in Maxim Integrated Products by 0.5% in the third quarter. Tdam USA Inc. now owns 12,157 shares of the company’s stock worth $485,000 after buying an additional 62 shares during the period. Ancora Inverness LLC raised its stake in Maxim Integrated Products by 0.8% in the second quarter. Ancora Inverness LLC now owns 20,216 shares of the company’s stock worth $722,000 after buying an additional 159 shares during the period. Advisor Group Inc. raised its stake in Maxim Integrated Products by 10.7% in the third quarter. Advisor Group Inc. now owns 3,479 shares of the company’s stock worth $138,000 after buying an additional 335 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in Maxim Integrated Products by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,758 shares of the company’s stock worth $705,000 after buying an additional 356 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its stake in Maxim Integrated Products by 17.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 3,085 shares of the company’s stock worth $123,000 after buying an additional 455 shares during the period. Institutional investors own 90.38% of the company’s stock.
Maxim Integrated Products Company Profile
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.
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