Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Christopher J. Neil sold 27,772 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.92, for a total value of $1,136,430.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Maxim Integrated Products Inc. (NASDAQ:MXIM) traded down 1.38% on Thursday, reaching $40.67. The company had a trading volume of 3,046,991 shares. The company’s 50-day moving average price is $37.18 and its 200 day moving average price is $35.50. The firm has a market capitalization of $11.56 billion and a P/E ratio of 51.48. Maxim Integrated Products Inc. has a 1-year low of $29.47 and a 1-year high of $42.37.
Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, July 21st. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $566 million for the quarter, compared to analyst estimates of $575.46 million. On average, equities analysts forecast that Maxim Integrated Products Inc. will post $1.97 EPS for the current year.
Several equities analysts have recently weighed in on MXIM shares. Drexel Hamilton increased their price target on Maxim Integrated Products from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Stifel Nicolaus increased their price target on Maxim Integrated Products from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Jefferies Group reissued a “buy” rating and set a $41.00 price target (up from $40.00) on shares of Maxim Integrated Products in a report on Monday, April 25th. Sterne Agee CRT reissued a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Maxim Integrated Products in a report on Saturday, April 23rd. Finally, Barclays PLC raised their target price on Maxim Integrated Products from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.33.
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’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.
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