Chartwell Investment Partners LLC lifted its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 5.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,171 shares of the semiconductor company’s stock after buying an additional 2,449 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Maxim Integrated Products were worth $3,101,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake in Maxim Integrated Products by 9.6% in the 4th quarter. Guggenheim Capital LLC now owns 154,514 shares of the semiconductor company’s stock worth $9,504,000 after purchasing an additional 13,490 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Maxim Integrated Products in the 4th quarter worth $4,401,000. Macquarie Group Ltd. lifted its stake in Maxim Integrated Products by 48.2% in the 4th quarter. Macquarie Group Ltd. now owns 13,340 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 4,340 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Maxim Integrated Products by 19.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,234,311 shares of the semiconductor company’s stock worth $75,922,000 after purchasing an additional 198,681 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Maxim Integrated Products by 15.4% in the 4th quarter. Franklin Resources Inc. now owns 130,871 shares of the semiconductor company’s stock worth $8,049,000 after purchasing an additional 17,433 shares in the last quarter. Institutional investors own 89.99% of the company’s stock.
Shares of MXIM stock opened at $68.09 on Friday. Maxim Integrated Products Inc. has a 1-year low of $41.93 and a 1-year high of $73.52. The stock’s fifty day moving average price is $63.65 and its 200 day moving average price is $57.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.11 and a quick ratio of 5.39. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.77 and a beta of 1.31.
Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.02. Maxim Integrated Products had a return on equity of 36.29% and a net margin of 29.88%. The firm had revenue of $545.37 million for the quarter, compared to the consensus estimate of $542.66 million. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that Maxim Integrated Products Inc. will post 2.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Thursday, August 27th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.92 annualized dividend and a yield of 2.82%.
Several analysts have commented on MXIM shares. BMO Capital Markets boosted their price target on shares of Maxim Integrated Products from $60.00 to $72.00 in a research note on Wednesday. Stifel Nicolaus boosted their price target on shares of Maxim Integrated Products from $71.00 to $72.00 and gave the stock a “hold” rating in a research note on Wednesday. Bank of America boosted their price target on shares of Maxim Integrated Products from $53.00 to $58.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Finally, Barclays upgraded Maxim Integrated Products from an “underweight” rating to a “hold” rating and set a $74.00 price target for the company in a research report on Monday, July 13th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.24.
In related news, CEO Tunc Doluca sold 6,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $51.98, for a total transaction of $311,880.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Bryan Preeshl sold 1,144 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $55.25, for a total value of $63,206.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,446 shares of company stock worth $8,907,136. 0.84% of the stock is owned by company insiders.
Maxim Integrated Products Company Profile
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
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