SG Americas Securities LLC lowered its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 48.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,932 shares of the semiconductor company’s stock after selling 30,721 shares during the quarter. SG Americas Securities LLC’s holdings in Maxim Integrated Products were worth $1,722,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Maxim Integrated Products during the 4th quarter valued at about $121,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Maxim Integrated Products during the 3rd quarter worth approximately $128,000. Toronto Dominion Bank increased its position in Maxim Integrated Products by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 375 shares in the last quarter. WFG Advisors LP increased its position in Maxim Integrated Products by 201.1% during the 2nd quarter. WFG Advisors LP now owns 3,962 shares of the semiconductor company’s stock worth $178,000 after purchasing an additional 2,646 shares in the last quarter. Finally, IBM Retirement Fund acquired a new stake in Maxim Integrated Products during the 3rd quarter worth approximately $200,000.
A number of research firms recently issued reports on MXIM. Maxim Group reissued a “hold” rating and set a $67.00 target price on shares of Maxim Integrated Products in a research report on Friday, January 26th. B. Riley reissued a “hold” rating and set a $54.00 target price on shares of Maxim Integrated Products in a research report on Friday, January 26th. SunTrust Banks reissued a “hold” rating and set a $63.00 target price on shares of Maxim Integrated Products in a research report on Friday, January 26th. Oppenheimer reissued a “hold” rating on shares of Maxim Integrated Products in a research report on Friday, January 26th. Finally, Morgan Stanley raised shares of Maxim Integrated Products from an “underweight” rating to an “equal” rating and set a $44.00 target price for the company in a research report on Tuesday, January 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.29.
Shares of Maxim Integrated Products Inc. (MXIM) traded up $2.07 during trading hours on Friday, reaching $61.21. 4,927,700 shares of the company’s stock traded hands, compared to its average volume of 3,295,666. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.48 and a quick ratio of 4.14. Maxim Integrated Products Inc. has a one year low of $43.35 and a one year high of $74.94. The firm has a market capitalization of $17,180.00, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. The company had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. Maxim Integrated Products had a net margin of 16.08% and a return on equity of 32.59%. Maxim Integrated Products’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. equities research analysts anticipate that Maxim Integrated Products Inc. will post 2.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.42 per share. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Wednesday, February 28th. Maxim Integrated Products’s dividend payout ratio is 64.86%.
In other news, Director James R. Bergman sold 30,300 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $62.40, for a total transaction of $1,890,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan Preeshl sold 945 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $54.23, for a total value of $51,247.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 232,396 shares of company stock valued at $13,521,543. Company insiders own 1.11% of the company’s stock.
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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.
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