Janus Henderson Group PLC Acquires 15,380 Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM)

Janus Henderson Group PLC lifted its holdings in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 42.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,310 shares of the semiconductor company’s stock after acquiring an additional 15,380 shares during the period. Janus Henderson Group PLC’s holdings in Maxim Integrated Products were worth $2,303,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Maxim Integrated Products by 483.2% during the second quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after acquiring an additional 1,852,730 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in shares of Maxim Integrated Products by 1,402.5% during the second quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock worth $16,307,000 after acquiring an additional 339,024 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Maxim Integrated Products by 9.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock worth $8,572,000 after acquiring an additional 16,744 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Maxim Integrated Products by 1,536.5% during the second quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock worth $14,706,000 after acquiring an additional 307,509 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Maxim Integrated Products by 51.6% during the second quarter. Teachers Advisors LLC now owns 691,447 shares of the semiconductor company’s stock worth $31,046,000 after acquiring an additional 235,221 shares in the last quarter. 89.45% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on MXIM shares. Drexel Hamilton reissued a “buy” rating and set a $52.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Morgan Stanley upped their price objective on shares of Maxim Integrated Products from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Friday, October 20th. Loop Capital reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Maxim Integrated Products in a research report on Thursday, August 31st. Wells Fargo & Company upped their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, KeyCorp upped their price objective on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.14.

In other Maxim Integrated Products news, VP Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $51.71, for a total value of $1,292,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tunc Doluca sold 14,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $55.00, for a total transaction of $770,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 277,447 shares of company stock worth $13,782,714 over the last 90 days. 1.11% of the stock is currently owned by corporate insiders.

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Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded down $0.27 during mid-day trading on Friday, hitting $53.54. 2,038,900 shares of the company were exchanged, compared to its average volume of 2,091,760. The stock has a market cap of $15,146.79, a PE ratio of 23.92, a P/E/G ratio of 2.12 and a beta of 1.11. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68. Maxim Integrated Products, Inc. has a 12 month low of $37.32 and a 12 month high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. Maxim Integrated Products’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. sell-side analysts anticipate that Maxim Integrated Products, Inc. will post 2.48 EPS for the current fiscal year.

Maxim Integrated Products announced that its board has initiated a stock buyback program on Thursday, July 20th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, November 29th. Maxim Integrated Products’s payout ratio is currently 70.24%.

About Maxim Integrated Products

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.

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

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