Robeco Institutional Asset Management B.V. Has $22.96 Million Holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM)

Robeco Institutional Asset Management B.V. grew its stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 69.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 383,877 shares of the semiconductor company’s stock after buying an additional 157,799 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Maxim Integrated Products were worth $22,961,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of Maxim Integrated Products by 328.1% in the first quarter. Quadrant Capital Group LLC now owns 488 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 374 shares during the period. First Personal Financial Services boosted its holdings in shares of Maxim Integrated Products by 76.9% in the first quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 297 shares during the period. CWM LLC boosted its holdings in shares of Maxim Integrated Products by 38.5% in the first quarter. CWM LLC now owns 828 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 230 shares during the period. Tompkins Financial Corp boosted its holdings in shares of Maxim Integrated Products by 574.6% in the first quarter. Tompkins Financial Corp now owns 850 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 724 shares during the period. Finally, Ellis Investment Partners LLC acquired a new position in shares of Maxim Integrated Products in the first quarter valued at approximately $54,000. Institutional investors own 93.59% of the company’s stock.

MXIM traded down $1.11 during trading hours on Friday, hitting $55.90. 2,505,022 shares of the company’s stock were exchanged, compared to its average volume of 1,295,317. Maxim Integrated Products Inc. has a 1-year low of $46.64 and a 1-year high of $65.73. The firm has a 50-day moving average price of $60.56. The company has a market capitalization of $16.18 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.77 and a current ratio of 6.84.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. The firm had revenue of $557.00 million for the quarter, compared to analyst estimates of $559.97 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Maxim Integrated Products Inc. will post 2.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.48 per share. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, August 28th. Maxim Integrated Products’s dividend payout ratio is 75.72%.

In other Maxim Integrated Products news, VP Bruce E. Kiddoo sold 5,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $58.52, for a total transaction of $292,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tunc Doluca sold 2,500 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $57.00, for a total transaction of $142,500.00. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock worth $1,118,220 over the last ninety days. Insiders own 0.85% of the company’s stock.

Several research analysts have recently weighed in on MXIM shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $64.00 price target on shares of Maxim Integrated Products in a report on Tuesday, April 30th. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a report on Thursday, July 25th. Cowen restated a “market perform” rating and set a $57.00 target price (down previously from $63.00) on shares of Maxim Integrated Products in a report on Wednesday. MKM Partners increased their target price on shares of Maxim Integrated Products to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Citigroup set a $62.00 target price on shares of Maxim Integrated Products and gave the stock a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Maxim Integrated Products has a consensus rating of “Hold” and an average price target of $61.75.

Maxim Integrated Products 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, 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.

Read More: Return on Investment (ROI)

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

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