Share Repurchase Program Initiated by Maxim Integrated Products (NASDAQ:MXIM) Board

The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. The firm has a market capitalization of $12.69 billion, a P/E ratio of 25.80 and a beta of 1.02. Its last month's stock price volatility remained 1.98% which for the week stands at 1.79%. Cambrex Corporation (NYSE:CBM) has risen 11.15% since July 26, 2016 and is uptrending. It has underperformed by 4.46% the S&P500.

Waddell & Reed Financial Inc increased its stake in Maxim Integrated Prods Inc (MXIM) by 11.48% based on its latest 2016Q4 regulatory filing with the SEC. This repurchase authorization permits the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. shares repurchase programs are generally a sign that the firms board of directors believes its shares is undervalued. Maxim Integrated Products, Inc. has a 12-month low of $37.25 and a 12-month high of $49.70. "Similarly, the company's PRESIDENT, CEO & DIRECTOR DOLUCA TUNC on 2017-07-03 Sell 12000 shares of the company at a price of $44.72". About 882,184 shares traded.

ILLEGAL ACTIVITY NOTICE: "Analysts Offer Predictions for Maxim Integrated Products, Inc.'s Q1 2018 Earnings (MXIM)" was published by Week Herald and is the sole property of of Week Herald. (NASDAQ:MXIM) has risen 31.27% since July 26, 2016 and is uptrending. It has outperformed by 14.57% the S&P500.

1607 Capital Partners Llc, which manages about $2.83 billion and $1.48B US Long portfolio, upped its stake in Swiss Helvetia Fd Inc (SWZ) by 81,208 shares to 3.91M shares, valued at $39.87 million in 2016Q4, according to the filing. A raise from Maxim Integrated Products's prior periodic dividend of $0.33.

Institutional investors have recently bought and sold shares of the stock. 52 funds opened positions while 112 raised stakes. Doliver Capital Incorporated has 0.13% invested in Putnam Master Int. Income (NYSE:PIM) for 34,316 shares. CBM's SI was 2.32M shares in July as released by FINRA. Landscape Capital Mgmt Ltd Liability Corp holds 391,799 shares or 0.25% of its portfolio. Bnp Paribas Arbitrage owns 4,543 shares. Partnervest Advisory Limited owns 0.03% invested in Putnam Master Int. Income (NYSE:PIM) for 13,416 shares. In the past three months the stock value surged 0.13%. Bnp Paribas Arbitrage owns 88,033 shares or 0.02% of their USA portfolio. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%.

"SENIOR VP at Maxim Integrated Products, Inc., NEIL CHRISTOPHER J on 2017-07-10 Sell 3500 shares of the company at a price of $45.69". (MXIM) is its Earnings per Share or EPS. BERGMAN JAMES R sold $881,600 worth of stock.

Let's take an assessment at how Maxim Integrated Products, Inc. The mean rating score for this stock is at 2.00. Therefore 36% are positive.

In Technology sector, shares of Maxim Integrated Products, Inc. The rating was maintained by Credit Suisse with "Neutral" on Friday, January 22. Ltd. now owns 41,607 shares of the semiconductor company's stock worth $1,871,000 after buying an additional 3,031 shares in the last quarter. (NASDAQ:MXIM) have recently changed their ratings on the stock. The firm has "Sector Perform" rating given on Thursday, October 22 by RBC Capital Markets. Teachers Advisors LLC owned about 0.16% of Maxim Integrated Products worth $20,512,000 at the end of the most recent reporting period. (NASDAQ:MXIM) was sold by Preeshl Bryan. Maxim Integrated Products's dividend payout ratio is presently 66.33%. (NASDAQ:MXIM) on Tuesday, September 20 with "Positive" rating. Morgan Stanley boosted their target price on Maxim Integrated Products from $37.00 to $40.00 and gave the stock an "underweight" rating in a report on Monday, July 17th. On Friday, January 27 the stock rating was upgraded by Bank of America to "Buy". The company was initiated on Tuesday, January 31 by Wedbush. They set an "outperform" rating and a $52.00 target price on the stock. The stock has "Hold" rating by B. Riley & Co on Monday, July 17.

Investors sentiment decreased to 1.08 in Q4 2016. Its up 0.08, from 1.1 in 2016Q3. 8,375 shares were sold by Jain Vivek, worth $378,619. Dimensional Fund L P reported 0.04% stake. The company had a trading volume of 3,389,230 shares. (NASDAQ:MXIM). Bridgewater LP holds 332,493 shares or 0.12% of its portfolio. KeyCorp analyst M. Mcconnell anticipates that the semiconductor company will post earnings per share of $0.55 for the quarter.

Shares of Maxim Integrated Products (NASDAQ MXIM) traded up 1.04% during mid-day trading on Friday, reaching $44.90. (NASDAQ:MXIM) or 321,107 shares. 583,152 were accumulated by Mitsubishi Ufj Tru And Bk Corp. This is an increase from Maxim Integrated Products's previous quarterly dividend of $0.33. (NASDAQ:MXIM) for 5,800 shares.

10/21/2016 - Maxim Integrated Products, Inc. had its " rating reiterated by analysts at Wells Fargo. Parkside National Bank And reported 0% stake.

News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products, Inc. with MarketBeat.com's FREE daily email newsletter. (NASDAQ:MXIM) for 265,698 shares. 252.24 million shares or 0.34% less from 253.09 million shares in 2016Q3 were reported. American Century Companies Inc. increased its stake in Maxim Integrated Products by 10.6% in the first quarter.

Latest News