Advisory Services Network LLC Buys 4,676 Shares of Maxim Integrated Products Inc. (MXIM)

Advisory Services Network LLC lifted its stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 48.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,244 shares of the semiconductor company’s stock after acquiring an additional 4,676 shares during the period. Advisory Services Network LLC’s holdings in Maxim Integrated Products were worth $745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in shares of Maxim Integrated Products by 240.9% in the 4th quarter. State of Alaska Department of Revenue now owns 127,577 shares of the semiconductor company’s stock worth $6,668,000 after acquiring an additional 90,150 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Maxim Integrated Products in the 3rd quarter worth $6,879,000. American Century Companies Inc. raised its position in shares of Maxim Integrated Products by 17.2% in the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after acquiring an additional 2,087,911 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Maxim Integrated Products by 50.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,477,908 shares of the semiconductor company’s stock worth $118,221,000 after acquiring an additional 834,443 shares in the last quarter. Finally, Highstreet Asset Management Inc. raised its position in shares of Maxim Integrated Products by 79.5% in the 4th quarter. Highstreet Asset Management Inc. now owns 17,677 shares of the semiconductor company’s stock worth $924,000 after acquiring an additional 7,830 shares in the last quarter.

Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at $61.26 on Monday. Maxim Integrated Products Inc. has a one year low of $43.35 and a one year high of $74.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48. The firm has a market capitalization of $17,240.00, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.26 and a beta of 1.19.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The firm had revenue of $623.00 million for the quarter, compared to the consensus estimate of $620.46 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. analysts predict that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.74%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, February 28th. Maxim Integrated Products’s payout ratio is 64.86%.

Several research firms have recently commented on MXIM. Morgan Stanley reissued an “equal weight” rating on shares of Maxim Integrated Products in a research report on Wednesday, January 31st. Drexel Hamilton reissued a “buy” rating and issued a $63.00 price target (up from $60.00) on shares of Maxim Integrated Products in a research report on Friday, January 26th. B. Riley reissued a “hold” rating and issued a $54.00 price target on shares of Maxim Integrated Products in a research report on Friday, January 26th. Barclays boosted their price target on Maxim Integrated Products from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Maxim Integrated Products currently has a consensus rating of “Hold” and a consensus price target of $54.29.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 21,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $51.74, for a total transaction of $1,086,540.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William D. Watkins sold 19,650 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total value of $1,011,778.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 236,201 shares of company stock worth $13,756,112. 1.11% of the stock is owned by company insiders.

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Maxim Integrated Products Company Profile

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

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