James R. Bergman Sells 2,000 Shares of Maxim Integrated Products Inc. (MXIM) Stock
Maxim Integrated Products Inc. (NASDAQ:MXIM) Director James R. Bergman sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $40.17, for a total value of $80,340.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) traded down 0.5285% during mid-day trading on Wednesday, reaching $39.5399. 604,376 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $39.32 and a 200-day moving average price of $38.78. The stock has a market cap of $11.20 billion, a PE ratio of 26.2027 and a beta of 1.13. Maxim Integrated Products Inc. has a one year low of $30.28 and a one year high of $42.37.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $561.40 million for the quarter, compared to analysts’ expectations of $560.84 million. Maxim Integrated Products had a net margin of 19.93% and a return on equity of 22.94%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. On average, analysts predict that Maxim Integrated Products Inc. will post $1.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 87.42%.
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A number of equities research analysts have recently issued reports on the company. B. Riley restated a “neutral” rating and set a $38.50 price objective on shares of Maxim Integrated Products in a report on Thursday, October 27th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Monday, October 24th. Wells Fargo & Co. reiterated a “market perform” rating and issued a $37.00 price target (up from $30.50) on shares of Maxim Integrated Products in a research report on Monday, October 24th. Jefferies Group reiterated a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Maxim Integrated Products in a research report on Sunday, October 23rd. Finally, Drexel Hamilton lifted their price target on shares of Maxim Integrated Products from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $41.07.
Hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its stake in Maxim Integrated Products by 3.3% in the third quarter. D.A. Davidson & CO. now owns 102,176 shares of the company’s stock valued at $4,078,000 after buying an additional 3,256 shares during the period. LPL Financial LLC boosted its stake in Maxim Integrated Products by 9.9% in the third quarter. LPL Financial LLC now owns 16,163 shares of the company’s stock valued at $641,000 after buying an additional 1,456 shares during the period. Verition Fund Management LLC boosted its stake in Maxim Integrated Products by 378.2% in the third quarter. Verition Fund Management LLC now owns 69,362 shares of the company’s stock valued at $2,770,000 after buying an additional 54,857 shares during the period. Chartwell Investment Partners LLC boosted its stake in Maxim Integrated Products by 6.1% in the third quarter. Chartwell Investment Partners LLC now owns 136,643 shares of the company’s stock valued at $5,456,000 after buying an additional 7,835 shares during the period. Finally, Candriam Luxembourg S.C.A. bought a new stake in Maxim Integrated Products during the third quarter valued at $232,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.
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.
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