Today it was reported that the SVP & CFO of Maxim Integrated (MXIM), Bruce Kiddoo, exercised options to sell 25,000 MXIM shares at $28.16 a share, for a total transaction value of $1.41M.
In addition to Bruce Kiddoo, one other MXIM executive reported Sell trades in the last month.
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Based on Maxim Integrated’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $638 million and quarterly net profit of $197 million. In comparison, last year the company earned revenue of $576 million and had a net profit of $155 million. MXIM’s market cap is $15.19B and the company has a P/E ratio of 30.45. Currently, Maxim Integrated has an average volume of 6.21M.
Based on 14 analyst ratings, the analyst consensus is Hold with an average price target of $53.75, reflecting a -1.3% downside.
The insider sentiment on Maxim Integrated has been negative according to 105 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Maxim Integrated Products, Inc. engages in the design, development, manufacture, and marketing of linear and mixed-signal integrated circuits. Its products include integrated power circuits, amplifiers, data converters, analog filters, transceivers, expanders, level translators, broadband switches, powerline communications, microcontrollers, data loggers, solar energy, and automotive. The company was founded by Jack F. Gifford in 1983 and is headquartered in San Jose, CA.
