Gateway Investment Advisers LLC Has $968,000 Holdings in Maxim Integrated Products Inc. (MXIM)

Gateway Investment Advisers LLC lessened its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,197 shares of the semiconductor company’s stock after selling 4,993 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Maxim Integrated Products were worth $968,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc raised its position in shares of Maxim Integrated Products by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock worth $1,580,346,000 after buying an additional 150,909 shares during the period. Bank of New York Mellon Corp raised its position in shares of Maxim Integrated Products by 897,788.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock worth $574,673,000 after buying an additional 10,189,895 shares during the period. American International Group Inc. raised its position in shares of Maxim Integrated Products by 27,390.1% in the 4th quarter. American International Group Inc. now owns 7,638,121 shares of the semiconductor company’s stock worth $388,398,000 after buying an additional 7,610,336 shares during the period. Geode Capital Management LLC raised its position in shares of Maxim Integrated Products by 37.6% in the 4th quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock worth $215,856,000 after buying an additional 1,160,574 shares during the period. Finally, Northern Trust Corp raised its position in shares of Maxim Integrated Products by 51.0% in the 4th quarter. Northern Trust Corp now owns 3,706,020 shares of the semiconductor company’s stock worth $188,452,000 after buying an additional 1,252,400 shares during the period. Hedge funds and other institutional investors own 98.56% of the company’s stock.

Several research analysts recently weighed in on MXIM shares. Evercore ISI cut their target price on Maxim Integrated Products from $60.00 to $55.00 in a research report on Monday, January 14th. BidaskClub raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Morgan Stanley cut their target price on Maxim Integrated Products from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 19th. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a research report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $59.67.

NASDAQ:MXIM opened at $59.89 on Wednesday. The stock has a market capitalization of $16.14 billion, a P/E ratio of 22.10, a PEG ratio of 2.07 and a beta of 1.31. Maxim Integrated Products Inc. has a one year low of $46.64 and a one year high of $63.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.54 and a quick ratio of 5.85.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. The company had revenue of $576.91 million during the quarter, compared to analyst estimates of $590.50 million. On average, analysts predict that Maxim Integrated Products Inc. will post 2.44 EPS for the current year.

In other news, Director James R. Bergman sold 14,210 shares of Maxim Integrated Products stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $56.46, for a total transaction of $802,296.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tunc Doluca sold 5,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $54.55, for a total value of $272,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,316 shares of company stock worth $3,395,474. Corporate insiders own 0.85% of the company’s stock.

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About Maxim Integrated Products

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

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