Maxim Integrated Products, Inc. (MXIM) CFO Sells $1,122,500.00 in Stock

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.

Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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%.

This report was first posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this report on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at http://sleekmoney.com/maxim-integrated-products-inc-mxim-cfo-sells-1122500-00-in-stock/1659938.html.

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.

5 Day Chart for NASDAQ:MXIM

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/maxim-integrated-products-inc-mxim-cfo-sells-1122500-00-in-stock/1659938.html

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *