Maxim Integrated Products Inc (MXIM): Tunc Doluca , PRESIDENT, CEO & DIRECTOR of Maxim Integrated Products Inc sold 18,500 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $37.99 per share for a total value of $702,836.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Christopher J Neil (SENIOR VP) sold 20,000 shares at $38.00 per share price.On May 26, 2016, Edwin Medlin (Senior VP, General Counsel) sold 3,000 shares at $37.00 per share price.Also, On May 26, 2016, Tunc Doluca (PRESIDENT, CEO & DIRECTOR) sold 2,000 shares at $37.00 per share price.On May 20, 2016, David Caron (VP and Principal Acct Officer) sold 7,530 shares at $36.00 per share price.
Maxim Integrated Products: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Maxim Integrated Products which led to swings in the share price. The shares opened for trading at $37.84 and hit $38.3 on the upside , eventually ending the session at $38.28, with a gain of 0.84% or 0.32 points. The heightened volatility saw the trading volume jump to 12,73,034 shares. The 52-week high of the share price is $42.18 and the company has a market cap of $10,883 M . The 52-week low of the share price is at $29.47.
Company has been under the radar of several Street Analysts.Maxim Integrated Products is Initiated by Goldman to Neutral and the brokerage firm has set the Price Target at $35. The Rating was issued on Jun 2, 2016.Maxim Integrated Products is Initiated by Credit Agricole to Underperform and the brokerage firm has set the Price Target at $38. The Rating was issued on May 17, 2016.Maxim Integrated Products is Reiterated by Drexel Hamilton to Buy and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $40 .The Rating was issued on Apr 22, 2016.Maxim Integrated Products is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $40 .The Rating was issued on Apr 22, 2016.Maxim Integrated Products is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Apr 19, 2016.
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. The Company serves markets including communications and data center computing and consumer markets. Its communications and data center caters to base stations data storage servers telecommunications and other communications. Its computing caters to desktop computers notebook computers and peripherals. Its consumer products cater to smartphones digital cameras handheld computers home entertainment and appliances.