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Maxim Integrated Products CEO Tunc Doluca Sells 6,000 Shares (MXIM)

Image Maxim Integrated Products (NASDAQ:MXIM) CEO Tunc Doluca sold 6,000 shares of the company’s stock on the open market in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $33.13, for a total value of $198,780.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Maxim Integrated Products (NASDAQ:MXIM) traded up 0.75% on Thursday, hitting $33.52. 2,569,619 shares of the company’s stock traded hands. Maxim Integrated Products has a 1-year low of $26.49 and a 1-year high of $33.71. The stock has a 50-day moving average of $32.15 and a 200-day moving average of $29.8. The company has a market cap of $9.455 billion and a price-to-earnings ratio of 24.57. Maxim Integrated Products also was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 10,359 put options on the stock. This is an increase of approximately 859% compared to the typical daily volume of 1,080 put options.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Wednesday, January 22nd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.03. The company had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.31 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that Maxim Integrated Products will post $1.63 earnings per share for the current fiscal year.

A number of research firms have recently commented on MXIM. Analysts at Jefferies Group raised their price target on shares of Maxim Integrated Products from $35.00 to $39.00 in a research note on Wednesday. Separately, analysts at Zacks upgraded shares of Maxim Integrated Products from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 27th. They now have a $34.00 price target on the stock. Finally, analysts at Drexel Hamilton upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. They now have a $38.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.53.

Maxim Integrated Products, Inc (NASDAQ:MXIM) designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a number of customers in diverse geographical locations.
Last modified onSaturday, 06 May 2017 10:07

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