Maxim Integrated Products Inc. (MXIM) VP Sells $183,960.00 in Stock

Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.56, for a total value of $183,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christopher J. Neil also recently made the following trade(s):

  • On Friday, December 1st, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $51.77, for a total value of $181,195.00.

Maxim Integrated Products Inc. (MXIM) traded up $0.46 during midday trading on Friday, hitting $55.05. The company’s stock had a trading volume of 1,800,000 shares, compared to its average volume of 1,710,000. Maxim Integrated Products Inc. has a twelve month low of $40.44 and a twelve month high of $55.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. The stock has a market cap of $15,500.00, a price-to-earnings ratio of 26.85, a P/E/G ratio of 2.17 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The firm had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. During the same period last year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts expect that Maxim Integrated Products Inc. will post 2.47 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Aberdeen Asset Management PLC UK grew its position in shares of Maxim Integrated Products by 1,402.5% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock valued at $16,307,000 after acquiring an additional 339,024 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Maxim Integrated Products by 9.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock valued at $8,572,000 after acquiring an additional 16,744 shares during the period. Shelton Capital Management grew its position in shares of Maxim Integrated Products by 24.6% during the 2nd quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock valued at $958,000 after acquiring an additional 4,218 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Maxim Integrated Products during the 3rd quarter valued at about $6,879,000. Finally, Teachers Advisors LLC grew its position in shares of Maxim Integrated Products by 51.6% during the 2nd quarter. Teachers Advisors LLC now owns 691,447 shares of the semiconductor company’s stock valued at $31,046,000 after acquiring an additional 235,221 shares during the period. Hedge funds and other institutional investors own 90.27% of the company’s stock.

A number of brokerages recently issued reports on MXIM. Morgan Stanley raised their target price on Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Wells Fargo & Co raised their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. BMO Capital Markets raised their target price on Maxim Integrated Products from $47.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. B. Riley restated a “hold” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a research note on Monday, October 16th. Finally, Barclays raised their target price on Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. Maxim Integrated Products currently has an average rating of “Hold” and an average price target of $52.24.

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About Maxim Integrated Products

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.

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

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