Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Sumeet Gagneja sold 363 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $61.20, for a total value of $22,215.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Sumeet Gagneja also recently made the following trade(s):
- On Monday, November 20th, Sumeet Gagneja sold 165 shares of Maxim Integrated Products stock. The stock was sold at an average price of $53.72, for a total value of $8,863.80.
Maxim Integrated Products Inc. (NASDAQ MXIM) traded up $0.05 during trading on Friday, reaching $61.26. The company’s stock had a trading volume of 2,518,765 shares, compared to its average volume of 3,347,669. Maxim Integrated Products Inc. has a one year low of $43.35 and a one year high of $74.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48. The firm has a market capitalization of $17,180.00, a PE ratio of 27.59, a PEG ratio of 2.18 and a beta of 1.19.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The company had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $620.46 million. During the same period last year, the firm earned $0.46 earnings per share. Maxim Integrated Products’s quarterly revenue was up 8.2% on a year-over-year basis. analysts anticipate that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.42 dividend. The ex-dividend date is Wednesday, February 28th. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a yield of 2.74%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 64.86%.
A number of institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its stake in Maxim Integrated Products by 12.1% in the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 375 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Maxim Integrated Products by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,323 shares of the semiconductor company’s stock valued at $464,000 after buying an additional 617 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Maxim Integrated Products by 18.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,371 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 973 shares in the last quarter. Hallmark Capital Management Inc. raised its stake in Maxim Integrated Products by 3.2% in the third quarter. Hallmark Capital Management Inc. now owns 33,540 shares of the semiconductor company’s stock valued at $1,600,000 after buying an additional 1,025 shares in the last quarter. Finally, Jackson Wealth Management LLC raised its stake in Maxim Integrated Products by 2.4% in the fourth quarter. Jackson Wealth Management LLC now owns 44,659 shares of the semiconductor company’s stock valued at $2,404,000 after buying an additional 1,036 shares in the last quarter.
Several research analysts have recently commented on MXIM shares. Morgan Stanley raised their price target on Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. Stifel Nicolaus raised their price target on Maxim Integrated Products from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Credit Suisse Group raised their price target on Maxim Integrated Products from $46.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research note on Monday, October 23rd. Finally, Maxim Group increased their price objective on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.29.
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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.
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