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)
Chobani, Inc., maker of America’s No. 1-selling Greek Yogurt brand, and Cornell University announced a partnership Oct. 11 to promote innovation in dairy and food science. Made possible by a $1.5 million gift from Chobani to the University, the partnership marks an important step in elevating the broader dairy industry and New York State’s role as a Greek Yogurt leader through innovative research and reinforces Chobani’s continued focus on manufacturing and quality.
Hedo Turkoglu remains on the Orlando Magic’s roster for now, but his days playing for the team are over. Although team officials and Turkoglu’s camp have not reached a buyout deal, both sides have agreed that Turkoglu will not join the team when it convenes for the start of training camp Tuesday or at any time after that. “Our organization has a great deal of respect for Hedo and the contributions he’s made to the team over the years,” Magic General Manager Rob Hennigan told the Orlando Sentinel.
Harris County Criminal Court-at-Law No. 8 Judge Jay Karahan, the only Turkish American elected to a Judicial position in the U.S.A, is up for reelection in the coming November 4, 2013 Municipal Elections. Judge Jay Karahan ( http://www.harriscountygop.com/judges/BioJudgeKarahan.htm ) has served successfully in this position since January 1, 2003.
