Maxim Integrated Products, Inc. (MXIM) Holdings Lessened by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 86.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,315 shares of the semiconductor company’s stock after selling 291,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Maxim Integrated Products were worth $2,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Maxim Integrated Products by 13.4% in the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock valued at $895,388,000 after purchasing an additional 2,358,743 shares during the period. American Century Companies Inc. boosted its holdings in shares of Maxim Integrated Products by 17.2% in the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after purchasing an additional 2,087,911 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Maxim Integrated Products by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock valued at $656,409,000 after purchasing an additional 3,164,871 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Maxim Integrated Products by 3.2% in the third quarter. Ameriprise Financial Inc. now owns 10,144,296 shares of the semiconductor company’s stock valued at $484,652,000 after purchasing an additional 319,169 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Maxim Integrated Products by 0.7% in the third quarter. Wells Fargo & Company MN now owns 6,570,282 shares of the semiconductor company’s stock valued at $313,467,000 after purchasing an additional 48,535 shares during the period. Hedge funds and other institutional investors own 90.48% of the company’s stock.

A number of equities analysts recently commented on MXIM shares. Loop Capital reissued a “buy” rating and issued a $43.00 price objective on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. B. Riley reissued a “neutral” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Drexel Hamilton reissued a “buy” rating and issued a $52.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Maxim Group reissued a “buy” rating on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $40.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.14.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $51.50 on Thursday. The stock has a market capitalization of $14,535.97, a price-to-earnings ratio of 22.95, a PEG ratio of 2.02 and a beta of 1.10. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. Maxim Integrated Products, Inc. has a 12-month low of $38.18 and a 12-month high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. equities research analysts anticipate that Maxim Integrated Products, Inc. will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Wednesday, November 29th. Maxim Integrated Products’s payout ratio is presently 70.24%.

In other news, Director Mary Ann Wright sold 560 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $46.29, for a total transaction of $25,922.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Vivek Jain sold 6,793 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $52.18, for a total transaction of $354,458.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,527 shares of company stock worth $10,587,830. Insiders own 1.11% of the company’s stock.

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Maxim Integrated Products Profile

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 caters to automotive, communications and data center, computing, consumer and industrial markets.

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Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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