Bryan Preeshl Sells 945 Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) Stock

Maxim Integrated Products, Inc. (NASDAQ:MXIM) insider Bryan Preeshl sold 945 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $54.23, for a total value of $51,247.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up $0.66 during trading on Thursday, hitting $52.16. The stock had a trading volume of 1,650,346 shares, compared to its average volume of 2,046,936. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $14,535.97, a P/E ratio of 22.95, a PEG ratio of 2.02 and a beta of 1.10. Maxim Integrated Products, Inc. has a 12 month low of $38.18 and a 12 month high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. During the same quarter last year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. sell-side analysts expect that Maxim Integrated Products, Inc. will post 2.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 2.76%. Maxim Integrated Products’s dividend payout ratio is currently 70.24%.

A number of equities research analysts recently issued reports on the company. B. Riley reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a research note on Tuesday, September 12th. Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, September 20th. SunTrust Banks upped their target price on Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a research note on Friday, October 20th. Barclays upped their target price on Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Loop Capital reissued a “buy” rating and set a $57.00 price target (up previously from $53.00) on shares of Maxim Integrated Products in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.14.

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Maxim Integrated Products by 16.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 343 shares during the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of Maxim Integrated Products during the second quarter valued at approximately $115,000. Acrospire Investment Management LLC raised its holdings in shares of Maxim Integrated Products by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,600 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Maxim Integrated Products during the third quarter valued at approximately $128,000. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Maxim Integrated Products by 21.1% during the second quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 500 shares during the last quarter. 90.48% of the stock is currently owned by hedge funds and other institutional investors.

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About Maxim Integrated Products

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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