Maxim Integrated Products (NASDAQ:MXIM) VP David Caron sold 7,034 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $30.77, for a total value of $216,436.18. Following the transaction, the vice president now directly owns 5,492 shares of the company’s stock, valued at approximately $168,989. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Maxim Integrated Products from a “conviction-buy” rating to a “buy” rating in a research note on Monday. Separately, analysts at Morgan Stanley downgraded shares of Maxim Integrated Products from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 30th. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Maxim Integrated Products in a research note on Friday, July 25th. They now have a $28.00 price target on the stock, down previously from $31.00. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $34.11.
Shares of Maxim Integrated Products (NASDAQ:MXIM) traded up 0.06% during mid-day trading on Thursday, hitting $30.98. The stock had a trading volume of 613,218 shares. Maxim Integrated Products has a one year low of $27.18 and a one year high of $35.76. The stock has a 50-day moving average of $31.8 and a 200-day moving average of $32.48. The company has a market cap of $8.781 billion and a P/E ratio of 25.17.
Maxim Integrated Products (NASDAQ:MXIM) last released its earnings data on Thursday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.05. The company had revenue of $642.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Maxim Integrated Products will post $1.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, August 19th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.26.
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.
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