Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Sells $135,000.00 in Stock

Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Tunc Doluca sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $54.00, for a total value of $135,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Tunc Doluca also recently made the following trade(s):

  • On Tuesday, April 16th, Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $60.00, for a total value of $840,000.00.
  • On Wednesday, April 3rd, Tunc Doluca sold 10,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $57.00, for a total value of $570,000.00.
  • On Friday, March 1st, Tunc Doluca sold 2,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $54.96, for a total value of $137,400.00.
  • On Monday, February 4th, Tunc Doluca sold 5,000 shares of Maxim Integrated Products stock. The stock was sold at an average price of $54.55, for a total value of $272,750.00.

NASDAQ:MXIM traded down $0.14 during midday trading on Friday, reaching $59.53. 1,163,783 shares of the company traded hands, compared to its average volume of 2,012,867. Maxim Integrated Products Inc. has a twelve month low of $46.64 and a twelve month high of $63.68. The firm has a market capitalization of $16.29 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.09 and a beta of 1.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.54 and a quick ratio of 5.85.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. The company had revenue of $576.91 million for the quarter, compared to analyst estimates of $590.50 million. Research analysts anticipate that Maxim Integrated Products Inc. will post 2.44 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Maxim Integrated Products by 49.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 61,779 shares of the semiconductor company’s stock valued at $3,285,000 after purchasing an additional 20,520 shares during the period. World Asset Management Inc boosted its position in Maxim Integrated Products by 3.8% during the 1st quarter. World Asset Management Inc now owns 19,588 shares of the semiconductor company’s stock valued at $1,041,000 after purchasing an additional 714 shares during the period. Valley National Advisers Inc. boosted its position in Maxim Integrated Products by 1.2% during the 1st quarter. Valley National Advisers Inc. now owns 17,053 shares of the semiconductor company’s stock valued at $907,000 after purchasing an additional 197 shares during the period. Ellis Investment Partners LLC acquired a new position in Maxim Integrated Products during the 1st quarter worth $54,000. Finally, BNP Paribas Arbitrage SA boosted its position in Maxim Integrated Products by 59.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 71,993 shares of the semiconductor company’s stock worth $3,828,000 after acquiring an additional 26,761 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Several equities research analysts have issued reports on MXIM shares. Evercore ISI dropped their price objective on Maxim Integrated Products from $60.00 to $55.00 in a report on Monday, January 14th. BidaskClub downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Cowen started coverage on Maxim Integrated Products in a report on Friday, February 22nd. They set a “market perform” rating and a $56.00 price objective on the stock. Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Maxim Integrated Products presently has an average rating of “Hold” and an average target price of $59.67.

COPYRIGHT VIOLATION WARNING: “Maxim Integrated Products Inc. (NASDAQ:MXIM) CEO Sells $135,000.00 in Stock” was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/26/maxim-integrated-products-inc-mxim-ceo-tunc-doluca-sells-2500-shares-of-stock.html.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

Read More: Differences Between Momentum Investing and Long Term Investing

Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.