Maxim Integrated Products CEO Sells $60,080 in Stock (MXIM)

Maxim Integrated Products (NASDAQ:MXIM) CEO Tunc Doluca unloaded 2,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $30.04, for a total value of $60,080.00. Following the sale, the chief executive officer now directly owns 8,393 shares of the company’s stock, valued at approximately $252,126. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on MXIM. Analysts at B. Riley raised their price target on shares of Maxim Integrated Products (NASDAQ:MXIM) from $28.00 to $33.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Maxim Integrated Products (NASDAQ:MXIM) from a “sell” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Maxim Integrated Products (NASDAQ:MXIM) from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $30.00.

Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.05.

Shares of Maxim Integrated Products (NASDAQ:MXIM) traded down 1.00% on Wednesday, hitting $29.74. The stock had a trading volume of 2,719,829 shares. Maxim Integrated Products has a 52 week low of $25.54 and a 52 week high of $33.67. The stock’s 50-day moving average is $28.54 and its 200-day moving average is $29.68. The company has a market cap of $8.473 billion and a P/E ratio of 19.78.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.03. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $626.24 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that Maxim Integrated Products will post $1.67 EPS for the current fiscal year.

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 large number of customers in diverse geographical locations. (http://www.wkrb13.com)