US Bancorp DE trimmed its holdings in Maxim Integrated (NASDAQ:MXIM) by 24.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,511 shares of the semiconductor company’s stock after selling 27,410 shares during the period. US Bancorp DE’s holdings in Maxim Integrated were worth $5,089,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Maxim Integrated by 0.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,230,789 shares of the semiconductor company’s stock worth $64,346,000 after buying an additional 8,447 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Maxim Integrated in the fourth quarter worth about $1,615,000. Cerebellum GP LLC purchased a new stake in shares of Maxim Integrated in the fourth quarter worth about $121,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Maxim Integrated by 49.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 444,297 shares of the semiconductor company’s stock worth $23,229,000 after buying an additional 146,688 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its position in shares of Maxim Integrated by 10.2% in the fourth quarter. Eqis Capital Management Inc. now owns 34,457 shares of the semiconductor company’s stock worth $1,801,000 after buying an additional 3,199 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.
Maxim Integrated opened at $58.83 on Friday, according to Marketbeat Ratings. The company has a market cap of $16.48 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16. Maxim Integrated has a one year low of $43.42 and a one year high of $74.94. 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 (NASDAQ:MXIM) last released its earnings results on Thursday, April 26th. The semiconductor company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $648.60 million for the quarter, compared to analysts’ expectations of $640.50 million. Maxim Integrated had a return on equity of 35.78% and a net margin of 17.82%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. equities research analysts predict that Maxim Integrated will post 2.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.86%. Maxim Integrated’s dividend payout ratio is 79.25%.
A number of equities research analysts recently commented on the company. ValuEngine upgraded Maxim Integrated from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Drexel Hamilton reiterated a “buy” rating and issued a $63.00 target price (up from $60.00) on shares of Maxim Integrated in a research report on Friday, January 26th. SunTrust Banks reissued a “hold” rating and set a $63.00 price objective on shares of Maxim Integrated in a research note on Friday, January 26th. Barclays boosted their price objective on Maxim Integrated from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, BMO Capital Markets boosted their price objective on Maxim Integrated to $55.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Twelve investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Maxim Integrated presently has an average rating of “Hold” and an average price target of $57.38.
In other news, VP Sumeet Gagneja sold 796 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $58.59, for a total transaction of $46,637.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David Loftus sold 9,084 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $61.42, for a total value of $557,939.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,580 shares of company stock worth $5,803,934. Insiders own 1.11% of the company’s stock.
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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