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Maxim Integrated Products CEO Unloads 2,000 Shares of Stock (MXIM) PDF Print E-mail
2013-11-06 20:01:56
Image Maxim Integrated Products (NASDAQ:MXIM) CEO Tunc Doluca unloaded 2,000 shares of the stock on the open market in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $29.41, for a total transaction of $58,820.00. Following the completion of the transaction, the chief executive officer now directly owns 8,393 shares in the company, valued at approximately $246,838. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on MXIM shares. Analysts at UBS AG raised their price target on shares of Maxim Integrated Products from $27.00 to $29.00 in a research note to investors on Monday, October 28th. They now have a “neutral” rating on the stock. Separately, analysts at Needham & Company cut their price target on shares of Maxim Integrated Products from $36.00 to $34.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Maxim Integrated Products from $36.00 to $37.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.19.

Maxim Integrated Products (NASDAQ:MXIM) traded down 0.41% during mid-day trading on Tuesday, hitting $29.19. 11,160,150 shares of the company’s stock traded hands. Maxim Integrated Products has a 1-year low of $26.49 and a 1-year high of $33.67. The stock has a 50-day moving average of $29.65 and a 200-day moving average of $29.1. The company has a market cap of $8.248 billion and a price-to-earnings ratio of 20.23.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $585.20 million for the quarter, compared to the consensus estimate of $584.84 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. On average, analysts predict that Maxim Integrated Products will post $1.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, November 19th. (http://zolmax.com)

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.
Last Updated ( 2013-11-06 20:02:56 )
 
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