Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Bruce E. Kiddoo Sells 10,000 Shares

Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Bruce E. Kiddoo sold 10,000 shares of Maxim Integrated Products stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bruce E. Kiddoo also recently made the following trade(s):

  • On Thursday, September 5th, Bruce E. Kiddoo sold 10,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $57.21, for a total value of $572,100.00.

Maxim Integrated Products stock traded down $0.19 during midday trading on Friday, reaching $59.59. The stock had a trading volume of 1,165,335 shares, compared to its average volume of 1,874,266. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $65.73. The company has a market capitalization of $15.83 billion, a P/E ratio of 24.52, a PEG ratio of 2.27 and a beta of 1.39. The company has a fifty day moving average price of $56.21 and a two-hundred day moving average price of $56.76. The company has a current ratio of 6.84, a quick ratio of 6.18 and a debt-to-equity ratio of 0.54.



Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. Maxim Integrated Products had a return on equity of 37.75% and a net margin of 35.76%. The business had revenue of $557.00 million during the quarter, compared to analyst estimates of $559.97 million. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue was down 12.0% compared to the same quarter last year. On average, equities research analysts predict that Maxim Integrated Products Inc. will post 2.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 29th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.22%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, August 28th. Maxim Integrated Products’s payout ratio is presently 79.01%.

MXIM has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on Maxim Integrated Products from $61.00 to $56.00 in a research report on Thursday, August 29th. ValuEngine raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. BidaskClub raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 3rd. Citigroup set a $62.00 price objective on Maxim Integrated Products and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank set a $70.00 target price on Maxim Integrated Products and gave the company a “buy” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $61.44.

Institutional investors and hedge funds have recently modified their holdings of the business. Coastal Investment Advisors Inc. increased its holdings in Maxim Integrated Products by 97.5% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 559 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 276 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Maxim Integrated Products by 175.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 736 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 469 shares in the last quarter. CSat Investment Advisory L.P. increased its holdings in Maxim Integrated Products by 106.2% during the 2nd quarter. CSat Investment Advisory L.P. now owns 796 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 410 shares in the last quarter. Anderson Fisher LLC increased its holdings in Maxim Integrated Products by 551.2% during the 2nd quarter. Anderson Fisher LLC now owns 788 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 667 shares in the last quarter. Finally, AGF Investments LLC bought a new stake in Maxim Integrated Products during the 2nd quarter worth approximately $53,000. 95.25% of the stock is owned by hedge funds and other institutional investors.

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

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