Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 6,000 shares of Maxim Integrated Products stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $42.00, for a total value of $252,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Tunc Doluca also recently made the following trade(s):
- On Tuesday, July 26th, Tunc Doluca sold 21,992 shares of Maxim Integrated Products stock. The stock was sold at an average price of $39.76, for a total value of $874,401.92.
A number of brokerages recently commented on MXIM. Jefferies Group reiterated a “buy” rating and set a $42.00 price target (up from $41.00) on shares of Maxim Integrated Products in a report on Tuesday. Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Monday. Drexel Hamilton reiterated a “buy” rating and set a $42.00 price target on shares of Maxim Integrated Products in a report on Monday. B. Riley reiterated a “neutral” rating and set a $40.00 price target on shares of Maxim Integrated Products in a report on Monday. Finally, Goldman Sachs Group Inc. started coverage on Maxim Integrated Products in a research note on Thursday, June 2nd. They issued a “neutral” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Maxim Integrated Products presently has a consensus rating of “Hold” and an average price target of $39.33.
Maxim Integrated Products Inc. (NASDAQ:MXIM) traded down 1.38% during mid-day trading on Thursday, hitting $40.67. The company had a trading volume of 3,046,991 shares. The firm’s 50 day moving average is $37.18 and its 200 day moving average is $35.50. Maxim Integrated Products Inc. has a 52 week low of $29.47 and a 52 week high of $42.37. The company has a market capitalization of $11.56 billion and a price-to-earnings ratio of 51.48.
Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, July 21st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $566 million for the quarter, compared to analysts’ expectations of $575.46 million. On average, equities research analysts predict that Maxim Integrated Products Inc. will post $1.97 EPS for the current year.
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.
