Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca Sells 11,500 Shares

Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 11,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $56.54, for a total transaction of $650,210.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tunc Doluca also recently made the following trade(s):

  • On Monday, November 4th, Tunc Doluca sold 19,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $60.83, for a total transaction of $1,155,770.00.
  • On Tuesday, October 1st, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $57.45, for a total transaction of $804,300.00.
  • On Thursday, September 12th, Tunc Doluca sold 4,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00.

MXIM traded up $1.24 on Wednesday, reaching $56.45. 2,084,158 shares of the company’s stock were exchanged, compared to its average volume of 1,849,665. The stock has a market cap of $15.34 billion, a PE ratio of 23.23, a P/E/G ratio of 2.18 and a beta of 1.39. Maxim Integrated Products Inc. has a twelve month low of $46.64 and a twelve month high of $65.73. The stock’s fifty day moving average price is $57.83 and its 200-day moving average price is $57.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 7.08 and a quick ratio of 6.39.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $553.00 million for the quarter, compared to analyst estimates of $530.99 million. Maxim Integrated Products had a net margin of 34.87% and a return on equity of 34.55%. Maxim Integrated Products’s revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. As a group, research analysts predict that Maxim Integrated Products Inc. will post 2.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.92 annualized dividend and a yield of 3.40%. Maxim Integrated Products’s payout ratio is 79.01%.

A number of large investors have recently bought and sold shares of MXIM. AE Wealth Management LLC acquired a new position in Maxim Integrated Products in the 2nd quarter valued at about $368,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Maxim Integrated Products in the 2nd quarter valued at approximately $646,000. Manning & Napier Group LLC raised its stake in shares of Maxim Integrated Products by 23.0% in the 2nd quarter. Manning & Napier Group LLC now owns 81,229 shares of the semiconductor company’s stock valued at $4,858,000 after acquiring an additional 15,179 shares during the period. Brookstone Capital Management purchased a new stake in Maxim Integrated Products during the 2nd quarter worth approximately $2,321,000. Finally, Wetherby Asset Management Inc. purchased a new stake in Maxim Integrated Products during the 2nd quarter worth approximately $211,000. Institutional investors own 91.97% of the company’s stock.

Several research analysts recently issued reports on the stock. Cowen raised their target price on shares of Maxim Integrated Products from $57.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $59.00 price objective for the company. in a report on Thursday, October 3rd. Bank of America lifted their price objective on shares of Maxim Integrated Products from $60.00 to $65.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Maxim Integrated Products from $69.00 to $72.00 in a report on Wednesday, October 30th. Finally, Maxim Group cut shares of Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a report on Friday, September 27th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $62.31.

About Maxim Integrated Products

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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