Maxim Integrated Products (MXIM) has been under a strong bear grip, hence the stock is down -0.64% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.93% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.44% in the last 1 week, and is up 3.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.91% and the 50-Day Moving Average is 3.13%.
Maxim Integrated Products (NASDAQ:MXIM): The stock opened at $38.11 on Friday but the bulls could not build on the opening and the stock topped out at $38.11 for the day. The stock traded down to $37.77 during the day, due to lack of any buying support eventually closed down at $37.78 with a loss of -0.45% for the day. The stock had closed at $37.95 on the previous day. The total traded volume was 1,911,232 shares.
The company Insiders own 1.5% of Maxim Integrated Products shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.17% . Institutional Investors own 91.38% of Maxim Integrated Products shares. During last six month period, the net percent change held by insiders has seen a change of -19.45%. In a related news, The Securities and Exchange Commission has divulged that Doluca Tunc, director officer (PRESIDENT, CEO & DIRECTOR) of Maxim Integrated Products Inc, had unloaded 2,508 shares at an average price of $36.5 in a transaction dated on July 7, 2016. The total value of the transaction was worth $91,542.
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 Companys 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.