Great West Life Assurance Co. Can grew its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,840 shares of the semiconductor company’s stock after acquiring an additional 3,273 shares during the period. Great West Life Assurance Co. Can owned 0.08% of Maxim Integrated Products worth $13,084,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Invesco Ltd. boosted its holdings in shares of Maxim Integrated Products by 183.1% during the 2nd quarter. Invesco Ltd. now owns 12,048,685 shares of the semiconductor company’s stock worth $720,753,000 after buying an additional 7,793,251 shares during the period. Nuveen Asset Management LLC boosted its holdings in Maxim Integrated Products by 19,703.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,213,541 shares of the semiconductor company’s stock valued at $72,593,000 after purchasing an additional 1,207,413 shares during the period. NN Investment Partners Holdings N.V. boosted its holdings in Maxim Integrated Products by 311.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 514,154 shares of the semiconductor company’s stock valued at $30,757,000 after purchasing an additional 389,252 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Maxim Integrated Products by 187.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 451,741 shares of the semiconductor company’s stock valued at $27,023,000 after purchasing an additional 294,350 shares during the period. Finally, Man Group plc boosted its holdings in Maxim Integrated Products by 63.4% in the 2nd quarter. Man Group plc now owns 755,451 shares of the semiconductor company’s stock valued at $45,191,000 after purchasing an additional 293,101 shares during the period. 92.72% of the stock is owned by institutional investors.
In related news, VP Vivek Jain sold 12,683 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $54.92, for a total value of $696,550.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Watkins sold 8,310 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $54.62, for a total value of $453,892.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,893 shares of company stock worth $6,800,543. 0.84% of the stock is owned by company insiders.
A number of analysts have weighed in on the stock. Maxim Group downgraded shares of Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their price objective on shares of Maxim Integrated Products from $69.00 to $72.00 in a research note on Wednesday, October 30th. BidaskClub cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Friday. Cowen increased their price objective on shares of Maxim Integrated Products from $57.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank increased their price objective on shares of Maxim Integrated Products from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and a consensus price target of $62.08.
Shares of NASDAQ:MXIM opened at $57.81 on Friday. The firm has a market cap of $15.82 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.25 and a beta of 1.41. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $65.73. The company’s 50-day moving average price is $58.11 and its two-hundred day moving average price is $57.49. The company has a quick ratio of 6.39, a current ratio of 7.08 and a debt-to-equity ratio of 0.56.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Maxim Integrated Products had a return on equity of 34.55% and a net margin of 34.87%. The firm had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $530.99 million. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, equities analysts predict that Maxim Integrated Products Inc. will post 2.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, November 26th. Maxim Integrated Products’s dividend payout ratio is currently 79.01%.
Maxim Integrated Products 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.
Further Reading: 52-Week High/Low Prices For Stock Selection
Receive News & Ratings for Maxim Integrated Products Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Maxim Integrated Products and related companies with MarketBeat.com’s FREE daily email newsletter.
