TrimTabs Asset Management LLC lessened its holdings in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 49.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,159 shares of the semiconductor company’s stock after selling 12,040 shares during the period. TrimTabs Asset Management LLC’s holdings in Maxim Integrated Products were worth $1,132,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Montag A & Associates Inc. purchased a new position in shares of Maxim Integrated Products during the fourth quarter valued at approximately $25,000. Baron Silver Stevens Financial Advisors LLC purchased a new stake in shares of Maxim Integrated Products in the fourth quarter valued at approximately $25,000. Arkadios Wealth Advisors purchased a new stake in shares of Maxim Integrated Products in the fourth quarter valued at approximately $27,000. CX Institutional boosted its holdings in shares of Maxim Integrated Products by 50.6% in the fourth quarter. CX Institutional now owns 363 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 122 shares during the period. Finally, Veriti Management LLC purchased a new stake in shares of Maxim Integrated Products in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 85.96% of the company’s stock.
Shares of MXIM stock traded up $1.25 during trading hours on Thursday, reaching $96.59. 21,580 shares of the company’s stock were exchanged, compared to its average volume of 2,178,728. The stock’s 50 day moving average is $91.83 and its 200-day moving average is $84.62. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 3.38 and a beta of 1.27. The company has a current ratio of 5.28, a quick ratio of 4.69 and a debt-to-equity ratio of 0.58. Maxim Integrated Products, Inc. has a fifty-two week low of $50.04 and a fifty-two week high of $98.44.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Monday, January 25th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $628.29 million for the quarter, compared to the consensus estimate of $605.51 million. Maxim Integrated Products had a return on equity of 39.85% and a net margin of 30.03%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. Equities analysts anticipate that Maxim Integrated Products, Inc. will post 2.82 EPS for the current year.
In other news, CEO Tunc Doluca sold 14,000 shares of the company’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $93.91, for a total transaction of $1,314,740.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Bryan Preeshl sold 1,657 shares of the company’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $91.40, for a total value of $151,449.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,908 shares of company stock worth $1,588,463. Insiders own 0.57% of the company’s stock.
A number of analysts recently issued reports on the company. Barclays boosted their price target on Maxim Integrated Products from $74.00 to $95.00 in a report on Tuesday, January 26th. Royal Bank of Canada boosted their price target on Maxim Integrated Products from $73.00 to $97.00 in a report on Wednesday, January 27th. Zacks Investment Research lowered Maxim Integrated Products from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a report on Tuesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Maxim Integrated Products from $95.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, January 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.86.
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, rest of Asia, Europe, and internationally. The company also provides various high-frequency process technologies and capabilities used in custom designs.
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