Maxim Integrated Products Inc. (NASDAQ:MXIM) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 3,699 call options on the company. This represents an increase of approximately 1,868% compared to the average volume of 188 call options.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. BidaskClub upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Maxim Group reiterated a “sell” rating on shares of Maxim Integrated Products in a research note on Friday, February 8th. Finally, Bank of America lowered shares of Maxim Integrated Products from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $59.67.
In other Maxim Integrated Products news, CEO Tunc Doluca sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $57.00, for a total transaction of $570,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph R. Bronson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $54.67, for a total transaction of $273,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,316 shares of company stock worth $3,395,474 in the last 90 days. 0.85% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sciencast Management LP purchased a new stake in Maxim Integrated Products during the first quarter worth $1,814,000. Ridgewood Investments LLC boosted its holdings in Maxim Integrated Products by 19.5% during the first quarter. Ridgewood Investments LLC now owns 13,485 shares of the semiconductor company’s stock worth $717,000 after buying an additional 2,199 shares in the last quarter. Virtu Financial LLC purchased a new stake in Maxim Integrated Products during the first quarter worth $533,000. Narwhal Capital Management boosted its holdings in Maxim Integrated Products by 16.9% during the first quarter. Narwhal Capital Management now owns 46,182 shares of the semiconductor company’s stock worth $2,455,000 after buying an additional 6,677 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Maxim Integrated Products during the first quarter worth $292,000. 98.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ MXIM opened at $59.89 on Wednesday. Maxim Integrated Products has a 1 year low of $46.64 and a 1 year high of $63.68. The firm has a market cap of $16.14 billion, a P/E ratio of 22.10, a PEG ratio of 2.07 and a beta of 1.31. The company has a current ratio of 6.54, a quick ratio of 5.85 and a debt-to-equity ratio of 0.57.
Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. The firm had revenue of $576.91 million for the quarter, compared to analysts’ expectations of $590.50 million. On average, research analysts anticipate that Maxim Integrated Products will post 2.44 EPS for the current year.
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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, 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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