Insider Selling: Maxim Integrated Products, Inc. (MXIM) VP Sells $166,250.00 in Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) VP Christopher J. Neil sold 3,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Friday, September 1st, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $46.76, for a total transaction of $163,660.00.
  • On Tuesday, August 1st, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $45.67, for a total transaction of $159,845.00.
  • On Monday, July 10th, Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock. The shares were sold at an average price of $45.69, for a total transaction of $159,915.00.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at 48.57 on Friday. The company has a 50-day moving average price of $46.50 and a 200-day moving average price of $45.92. The firm has a market capitalization of $13.70 billion, a P/E ratio of 24.53 and a beta of 1.05. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $609.52 million. During the same period in the previous year, the business earned $0.49 EPS. Maxim Integrated Products’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 2.97%. Maxim Integrated Products’s payout ratio is currently 72.36%.

Maxim Integrated Products declared that its Board of Directors has approved a stock repurchase program on Thursday, July 20th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Maxim Integrated Products, Inc. (MXIM) VP Sells $166,250.00 in Stock” was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://transcriptdaily.com/2017/10/07/insider-selling-maxim-integrated-products-inc-mxim-vp-sells-166250-00-in-stock.html.

MXIM has been the topic of several research analyst reports. Loop Capital restated a “buy” rating and issued a $43.00 price objective on shares of Maxim Integrated Products in a report on Tuesday, August 22nd. BidaskClub lowered shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Drexel Hamilton restated a “buy” rating and issued a $52.00 price objective on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Maxim Group restated a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Finally, Morgan Stanley boosted their price objective on shares of Maxim Integrated Products from $37.00 to $40.00 and gave the company an “underweight” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Maxim Integrated Products has a consensus rating of “Hold” and a consensus price target of $47.29.

Several institutional investors and hedge funds have recently modified their holdings of MXIM. Ameritas Investment Partners Inc. acquired a new position in shares of Maxim Integrated Products in the 1st quarter worth approximately $226,000. Prudential Financial Inc. grew its position in shares of Maxim Integrated Products by 98.5% in the 1st quarter. Prudential Financial Inc. now owns 49,535 shares of the semiconductor company’s stock worth $2,227,000 after acquiring an additional 24,578 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Maxim Integrated Products by 280.8% in the 1st quarter. Victory Capital Management Inc. now owns 134,028 shares of the semiconductor company’s stock worth $6,026,000 after acquiring an additional 98,828 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of Maxim Integrated Products in the 1st quarter worth approximately $213,000. Finally, AXA grew its position in shares of Maxim Integrated Products by 14.0% in the 1st quarter. AXA now owns 7,183 shares of the semiconductor company’s stock worth $323,000 after acquiring an additional 883 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

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)

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