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)
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