Maxim Integrated (MXIM) Position Boosted by Trillium Asset Management LLC

Trillium Asset Management LLC increased its position in Maxim Integrated (NASDAQ:MXIM) by 22.0% in the first quarter, HoldingsChannel.com reports. The firm owned 232,931 shares of the semiconductor company’s stock after acquiring an additional 42,077 shares during the period. Trillium Asset Management LLC’s holdings in Maxim Integrated were worth $14,027,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. KBC Group NV boosted its stake in Maxim Integrated by 1,126.1% in the 1st quarter. KBC Group NV now owns 436,276 shares of the semiconductor company’s stock worth $26,272,000 after purchasing an additional 400,693 shares during the period. KAMES CAPITAL plc boosted its stake in shares of Maxim Integrated by 8.0% during the 1st quarter. KAMES CAPITAL plc now owns 670,059 shares of the semiconductor company’s stock valued at $40,117,000 after buying an additional 49,586 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Maxim Integrated by 1,145.4% during the 1st quarter. Eagle Asset Management Inc. now owns 707,242 shares of the semiconductor company’s stock valued at $42,590,000 after buying an additional 650,454 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Maxim Integrated by 13.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,928 shares of the semiconductor company’s stock valued at $650,000 after buying an additional 1,308 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Maxim Integrated by 42.4% during the 1st quarter. Teacher Retirement System of Texas now owns 264,076 shares of the semiconductor company’s stock valued at $15,903,000 after buying an additional 78,568 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

MXIM has been the subject of a number of research reports. Maxim Group reissued a “hold” rating and set a $67.00 target price on shares of Maxim Integrated in a research note on Friday, January 26th. Drexel Hamilton reissued a “buy” rating and set a $63.00 target price (up previously from $60.00) on shares of Maxim Integrated in a research note on Friday, January 26th. Stifel Nicolaus lifted their target price on shares of Maxim Integrated from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 26th. B. Riley reissued a “hold” rating and set a $54.00 target price on shares of Maxim Integrated in a research note on Friday, January 26th. Finally, Oppenheimer reissued a “hold” rating on shares of Maxim Integrated in a research note on Friday, January 26th. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.38.

In other news, Director Mary Ann Wright sold 440 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $57.51, for a total transaction of $25,304.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tunc Doluca sold 31,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $60.76, for a total transaction of $1,883,560.00. The disclosure for this sale can be found here. Insiders have sold a total of 107,784 shares of company stock worth $6,379,997 in the last 90 days. 1.11% of the stock is owned by insiders.

Maxim Integrated stock opened at $57.93 on Monday. The firm has a market cap of $16.20 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16. The company has a current ratio of 4.16, a quick ratio of 3.82 and a debt-to-equity ratio of 0.51. Maxim Integrated has a 1-year low of $43.42 and a 1-year high of $74.94.

Maxim Integrated (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $648.60 million for the quarter, compared to the consensus estimate of $640.50 million. Maxim Integrated had a net margin of 17.82% and a return on equity of 35.78%. Maxim Integrated’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. research analysts expect that Maxim Integrated will post 2.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.90%. Maxim Integrated’s dividend payout ratio is currently 79.25%.

Maxim Integrated Company Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, 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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Institutional Ownership by Quarter for Maxim Integrated (NASDAQ:MXIM)

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