Maxim Integrated Products Inc (MXIM) Files Form 4 Insider Selling : Tunc Doluca Sells 10,000 Shares

Maxim Integrated Products Inc (MXIM): Tunc Doluca , PRESIDENT, CEO & DIRECTOR of Maxim Integrated Products Inc sold 10,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $35.53 per share for a total value of $355,293.00 , 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 14, 2016, B Kipling Hagopian (director) sold 60,948 shares at $37.54 per share price.On Jun 10, 2016, Bruce E Kiddoo (CFO AND SENIOR VP) sold 25,000 shares at $37.90 per share price.Also, On Jun 9, 2016, Steven T Yamasaki (VP, HUMAN RESOURCES) sold 14,000 shares at $37.81 per share price.On Jun 8, 2016, A R Frank Wazzan (director) sold 3,000 shares at $37.58 per share price.

Shares of Maxim Integrated Products (MXIM) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.19 points or -0.53% at $35.5 with 13,00,674 shares getting traded. Post opening the session at $35.32, the shares hit an intraday low of $35.27 and an intraday high of $35.77 and the price vacillated in this range throughout the day. The company has a market cap of $10,093 M and the number of outstanding shares has been calculated to be 28,43,10,220 shares. The 52-week high of Maxim Integrated Products is $42.18 and the 52-week low is $29.47.

Maxim Integrated Products Money Flow Index Chart

Company has been under the radar of several Street Analysts.Maxim Integrated Products is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 40 from a previous price target of $42 . The Rating was issued on Jul 1, 2016.Maxim Integrated Products is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 27, 2016.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 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.

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Maxim Integrated Products - Is it time to Sell?

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