Unigestion Holding SA acquired a new position in Maxim Integrated Products Inc. (NASDAQ:MXIM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,906 shares of the semiconductor company’s stock, valued at approximately $747,000.
A number of other large investors have also modified their holdings of MXIM. Invesco Ltd. boosted its holdings in Maxim Integrated Products by 183.1% in the second quarter. Invesco Ltd. now owns 12,048,685 shares of the semiconductor company’s stock worth $720,753,000 after purchasing an additional 7,793,251 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Maxim Integrated Products by 19,703.2% in the second quarter. Nuveen Asset Management LLC now owns 1,213,541 shares of the semiconductor company’s stock worth $72,593,000 after purchasing an additional 1,207,413 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its holdings in Maxim Integrated Products by 311.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 514,154 shares of the semiconductor company’s stock worth $30,757,000 after purchasing an additional 389,252 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Maxim Integrated Products by 187.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 451,741 shares of the semiconductor company’s stock worth $27,023,000 after purchasing an additional 294,350 shares in the last quarter. Finally, Man Group plc boosted its holdings in Maxim Integrated Products by 63.4% in the second quarter. Man Group plc now owns 755,451 shares of the semiconductor company’s stock worth $45,191,000 after purchasing an additional 293,101 shares in the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.
In other Maxim Integrated Products news, VP Vivek Jain sold 12,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $54.92, for a total value of $696,550.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William D. Watkins sold 8,310 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $54.62, for a total transaction of $453,892.20. The disclosure for this sale can be found here. Insiders have sold 116,893 shares of company stock worth $6,800,543 over the last three months. 0.84% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on the stock. Cowen upped their price objective on shares of Maxim Integrated Products from $57.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Stifel Nicolaus decreased their price objective on shares of Maxim Integrated Products from $61.00 to $56.00 in a report on Thursday, August 29th. Deutsche Bank upped their price target on shares of Maxim Integrated Products from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BidaskClub cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Friday. Finally, Maxim Group cut shares of Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $62.08.
MXIM stock traded up $0.03 during mid-day trading on Friday, reaching $57.81. 3,462,100 shares of the stock traded hands, compared to its average volume of 1,971,247. Maxim Integrated Products Inc. has a 52 week low of $46.64 and a 52 week high of $65.73. The company has a quick ratio of 6.39, a current ratio of 7.08 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $58.11 and a two-hundred day moving average of $57.49. The firm has a market capitalization of $15.64 billion, a PE ratio of 23.79, a P/E/G ratio of 2.23 and a beta of 1.41.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Maxim Integrated Products had a net margin of 34.87% and a return on equity of 34.55%. The business 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 firm earned $0.75 earnings per share. Maxim Integrated Products’s revenue was down 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Maxim Integrated Products Inc. will post 2.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.92 annualized dividend and a dividend yield of 3.32%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 79.01%.
About Maxim Integrated Products
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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