Maxim Integrated Products Inc. (NASDAQ:MXIM) CFO Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $56.58, for a total transaction of $1,414,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:MXIM traded down $0.34 during trading hours on Thursday, reaching $54.48. The company had a trading volume of 6,198,022 shares, compared to its average volume of 2,899,710. The company has a current ratio of 3.57, a quick ratio of 3.27 and a debt-to-equity ratio of 0.52. Maxim Integrated Products Inc. has a 52 week low of $46.85 and a 52 week high of $74.94. The company has a market cap of $15.19 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34.
Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. The business had revenue of $638.50 million during the quarter, compared to the consensus estimate of $635.19 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. Research analysts forecast that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Maxim Integrated Products by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,025,275 shares of the semiconductor company’s stock worth $1,580,346,000 after purchasing an additional 150,909 shares during the period. BlackRock Inc. grew its position in Maxim Integrated Products by 4.7% in the 3rd quarter. BlackRock Inc. now owns 24,164,756 shares of the semiconductor company’s stock worth $1,362,651,000 after purchasing an additional 1,077,289 shares during the period. American Century Companies Inc. grew its position in Maxim Integrated Products by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 12,403,852 shares of the semiconductor company’s stock worth $727,610,000 after purchasing an additional 47,691 shares during the period. Bank of New York Mellon Corp grew its position in Maxim Integrated Products by 897,788.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock worth $574,673,000 after purchasing an additional 10,189,895 shares during the period. Finally, Wells Fargo & Company MN grew its position in Maxim Integrated Products by 1.3% in the 3rd quarter. Wells Fargo & Company MN now owns 6,988,853 shares of the semiconductor company’s stock worth $394,102,000 after purchasing an additional 89,834 shares during the period. 91.80% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on MXIM shares. BidaskClub raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Goldman Sachs Group cut Maxim Integrated Products from a “neutral” rating to a “sell” rating in a research note on Thursday, October 18th. Barclays dropped their target price on shares of Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, October 23rd. Citigroup dropped their target price on shares of Maxim Integrated Products from $61.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Finally, SunTrust Banks dropped their target price on shares of Maxim Integrated Products to $51.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and an average target price of $60.76.
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.
See Also: Return on Investment (ROI)
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