UBS Asset Management Americas Inc. Grows Holdings in Maxim Integrated Products Inc. (MXIM)

UBS Asset Management Americas Inc. raised its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 16.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,971,469 shares of the semiconductor company’s stock after acquiring an additional 278,743 shares during the period. UBS Asset Management Americas Inc. owned about 0.90% of Maxim Integrated Products worth $103,068,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Maxim Integrated Products by 11.0% in the 4th quarter. BlackRock Inc. now owns 21,341,356 shares of the semiconductor company’s stock valued at $1,115,726,000 after acquiring an additional 2,108,322 shares in the last quarter. American Century Companies Inc. lifted its stake in 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 valued at $678,189,000 after acquiring an additional 2,087,911 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Maxim Integrated Products by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 14,143,312 shares of the semiconductor company’s stock valued at $739,411,000 after acquiring an additional 384,987 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Maxim Integrated Products by 3.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 10,144,296 shares of the semiconductor company’s stock valued at $484,652,000 after acquiring an additional 319,169 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Maxim Integrated Products by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,766,421 shares of the semiconductor company’s stock valued at $353,748,000 after acquiring an additional 196,139 shares in the last quarter.

Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at $62.12 on Wednesday. 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 $13,367.79, a P/E ratio of 46.71, a P/E/G ratio of 2.26 and a beta of 1.20. Maxim Integrated Products Inc. has a 1-year low of $43.35 and a 1-year high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. The business had revenue of $623.00 million for the quarter, compared to analyst estimates of $620.46 million. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. analysts anticipate that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current fiscal 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 issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.70%. Maxim Integrated Products’s payout ratio is presently 108.27%.

Several research firms have commented on MXIM. Morgan Stanley restated an “equal weight” rating on shares of Maxim Integrated Products in a research note on Wednesday, January 31st. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. BMO Capital Markets boosted their price target on Maxim Integrated Products to $55.00 and gave the stock a “market perform” rating 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, SunTrust Banks reaffirmed a “hold” rating and set a $63.00 price target on shares of Maxim Integrated Products in a research report on Friday, January 26th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and an average price target of $54.29.

In related news, CEO Tunc Doluca sold 54,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $59.57, for a total transaction of $3,216,780.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Bergman sold 30,300 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $62.40, for a total value of $1,890,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 235,256 shares of company stock worth $13,704,865 over the last three months. 1.11% of the stock is owned by insiders.

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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.

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

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