Maxim Integrated Products, Inc. (NASDAQ:MXIM) SVP Jon Imperato Sells 1,251 Shares

Maxim Integrated Products, Inc. (NASDAQ:MXIM) SVP Jon Imperato sold 1,251 shares of the stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $97.74, for a total value of $122,272.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jon Imperato also recently made the following trade(s):

  • On Friday, December 4th, Jon Imperato sold 328 shares of Maxim Integrated Products stock. The stock was sold at an average price of $86.02, for a total value of $28,214.56.

NASDAQ MXIM traded down $1.13 during midday trading on Tuesday, hitting $94.19. 1,320,125 shares of the company traded hands, compared to its average volume of 2,109,212. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.28 and a quick ratio of 4.69. The company has a market cap of $25.25 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 3.38 and a beta of 1.27. The company’s 50-day simple moving average is $93.17 and its 200-day simple moving average is $79.61. Maxim Integrated Products, Inc. has a 52 week low of $41.93 and a 52 week high of $98.44.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Monday, January 25th. The semiconductor company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The firm had revenue of $628.29 million during the quarter, compared to analysts’ expectations of $605.51 million. Maxim Integrated Products had a return on equity of 39.85% and a net margin of 30.03%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. On average, research analysts predict that Maxim Integrated Products, Inc. will post 2.82 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of MXIM. Clear Harbor Asset Management LLC acquired a new stake in shares of Maxim Integrated Products in the 3rd quarter worth $138,000. Naples Global Advisors LLC acquired a new stake in Maxim Integrated Products during the 3rd quarter worth about $294,000. State of Michigan Retirement System lifted its position in Maxim Integrated Products by 3.8% during the 3rd quarter. State of Michigan Retirement System now owns 70,658 shares of the semiconductor company’s stock worth $4,777,000 after acquiring an additional 2,600 shares during the period. New Mexico Educational Retirement Board lifted its position in Maxim Integrated Products by 15.1% during the 3rd quarter. New Mexico Educational Retirement Board now owns 21,000 shares of the semiconductor company’s stock worth $1,216,000 after acquiring an additional 2,750 shares during the period. Finally, Parallel Advisors LLC lifted its position in Maxim Integrated Products by 22.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,996 shares of the semiconductor company’s stock worth $135,000 after acquiring an additional 364 shares during the period. 85.96% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Maxim Integrated Products from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Wednesday, October 28th. Royal Bank of Canada raised their price objective on Maxim Integrated Products from $73.00 to $97.00 in a report on Wednesday, January 27th. Zacks Investment Research downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a report on Tuesday, February 16th. Barclays raised their price objective on Maxim Integrated Products from $74.00 to $95.00 in a report on Tuesday, January 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Maxim Integrated Products from $95.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, January 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $72.35.

Maxim Integrated Products Company Profile

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

See Also: What does the Dow Jones Industrial Average (DJIA) measure?

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

Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.