Maxim Integrated Products Inc. (MXIM) VP Sumeet Gagneja Sells 363 Shares

Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Sumeet Gagneja sold 363 shares of Maxim Integrated Products stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $61.20, for a total transaction of $22,215.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sumeet Gagneja also recently made the following trade(s):

  • On Monday, November 20th, Sumeet Gagneja sold 165 shares of Maxim Integrated Products stock. The stock was sold at an average price of $53.72, for a total transaction of $8,863.80.

Shares of Maxim Integrated Products Inc. (MXIM) opened at $61.26 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48. Maxim Integrated Products Inc. has a 52 week low of $43.35 and a 52 week high of $74.94. The stock has a market cap of $13,367.79, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 2.26 and a beta of 1.20.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Maxim Integrated Products had a net margin of 16.08% and a return on equity of 32.59%. The company had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Maxim Integrated Products’s revenue for the quarter was up 8.2% on a year-over-year basis. sell-side analysts predict that Maxim Integrated Products Inc. will post 2.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.42 per share. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, February 28th. Maxim Integrated Products’s payout ratio is currently 108.27%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its stake in Maxim Integrated Products by 240.9% during the fourth quarter. State of Alaska Department of Revenue now owns 127,577 shares of the semiconductor company’s stock worth $6,668,000 after buying an additional 90,150 shares during the period. Artemis Investment Management LLP purchased a new stake in Maxim Integrated Products during the third quarter worth approximately $6,879,000. American Century Companies Inc. grew its stake in Maxim Integrated Products by 17.2% during the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after buying an additional 2,087,911 shares during the period. Artisan Partners Limited Partnership grew its stake in Maxim Integrated Products by 50.8% during the third quarter. Artisan Partners Limited Partnership now owns 2,477,908 shares of the semiconductor company’s stock worth $118,221,000 after buying an additional 834,443 shares during the period. Finally, Highstreet Asset Management Inc. grew its stake in Maxim Integrated Products by 79.5% during the fourth quarter. Highstreet Asset Management Inc. now owns 17,677 shares of the semiconductor company’s stock worth $924,000 after buying an additional 7,830 shares during the period.

MXIM has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Maxim Integrated Products from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Drexel Hamilton reissued a “buy” rating and issued a $63.00 price objective (up previously from $60.00) on shares of Maxim Integrated Products in a research report on Friday, January 26th. Morgan Stanley raised shares of Maxim Integrated Products from an “underweight” rating to an “equal” rating and set a $44.00 price objective for the company in a research report on Tuesday, January 30th. Barclays boosted their price objective on shares of Maxim Integrated Products from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, SunTrust Banks reissued a “hold” rating and issued a $63.00 price objective on shares of Maxim Integrated Products in a research report on Friday, January 26th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and a consensus price target of $54.29.

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Maxim Integrated Products Company Profile

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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