Maxim Integrated Products Inc. (NASDAQ:MXIM) Director A R. Frank Wazzan sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $33.48, for a total value of $93,744.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A R. Frank Wazzan also recently made the following trade(s):

On Monday, February 22nd, A R. Frank Wazzan sold 11,700 shares of Maxim Integrated Products stock. The stock was sold at an average price of $33.42, for a total value of $391,014.00.
On Tuesday, February 16th, A R. Frank Wazzan sold 6,500 shares of Maxim Integrated Products stock. The stock was sold at an average price of $33.39, for a total value of $217,035.00.
MXIM has been the subject of several research reports. Barclays cut their price objective on Maxim Integrated Products from $34.00 to $33.00 in a research note on Thursday, January 14th. Stifel Nicolaus cut their price objective on Maxim Integrated Products from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, January 22nd. Deutsche Bank reiterated a “buy” rating on shares of Maxim Integrated Products in a research note on Friday, November 13th. Maxim Group upgraded Maxim Integrated Products from a “neutral” rating to a “buy” rating in a report on Thursday, December 10th. Finally, Nomura upgraded Maxim Integrated Products from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $47.00 in a report on Wednesday, December 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $37.73.



Other hedge funds and institutional investors have modified their holdings of the company. Janus Capital Management boosted its position in shares of Maxim Integrated Products by 144.0% in the third quarter. Janus Capital Management now owns 38,900 shares of the company’s stock worth $1,299,000 after buying an additional 22,956 shares during the period. First American Bank boosted its position in shares of Maxim Integrated Products by 3.0% in the fourth quarter. First American Bank now owns 97,096 shares of the company’s stock worth $3,689,000 after buying an additional 2,854 shares during the period. CIBC World Markets acquired a new position in shares of Maxim Integrated Products during the fourth quarter worth $1,392,000. Fourth Swedish National Pension Fund boosted its position in shares of Maxim Integrated Products by 2.0% in the fourth quarter. Fourth Swedish National Pension Fund now owns 79,932 shares of the company’s stock worth $3,037,000 after buying an additional 1,571 shares during the period. Finally, Commonwealth Equity Services boosted its position in shares of Maxim Integrated Products by 0.8% in the fourth quarter. Commonwealth Equity Services now owns 62,345 shares of the company’s stock worth $2,369,000 after buying an additional 493 shares during the period.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 3rd. Stockholders of record on Thursday, February 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.54%.

Maxim Integrated Products Inc. (NASDAQ:MXIM) traded up 0.12% during mid-day trading on Monday, hitting $33.94. The stock had a trading volume of 760,682 shares. Maxim Integrated Products Inc. has a one year low of $29.47 and a one year high of $42.18. The company has a 50 day moving average price of $32.41 and a 200-day moving average price of $35.39. The company has a market cap of $9.72 billion and a price-to-earnings ratio of 57.14.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, January 21st. The company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. During the same period last year, the business earned $0.33 earnings per share. The business had revenue of $510.80 million for the quarter, compared to analysts’ expectations of $505.08 million. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities analysts expect that Maxim Integrated Products Inc. will post $1.62 earnings per share for the current fiscal year.

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.

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