Parametric Portfolio Associates LLC Sells 43,757 Shares of Maxim Integrated Products, Inc. (MXIM)

Parametric Portfolio Associates LLC lowered its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 318,991 shares of the semiconductor company’s stock after selling 43,757 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.11% of Maxim Integrated Products worth $14,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisor Group Inc. boosted its position in Maxim Integrated Products by 237.5% in the second quarter. Advisor Group Inc. now owns 15,204 shares of the semiconductor company’s stock valued at $671,000 after buying an additional 10,699 shares during the last quarter. Cibc World Markets Corp boosted its position in Maxim Integrated Products by 5.8% in the second quarter. Cibc World Markets Corp now owns 380,000 shares of the semiconductor company’s stock valued at $17,062,000 after buying an additional 21,000 shares during the last quarter. Quantbot Technologies LP boosted its position in Maxim Integrated Products by 516.8% in the second quarter. Quantbot Technologies LP now owns 80,579 shares of the semiconductor company’s stock valued at $3,617,000 after buying an additional 67,514 shares during the last quarter. California Public Employees Retirement System boosted its position in Maxim Integrated Products by 0.5% in the second quarter. California Public Employees Retirement System now owns 686,900 shares of the semiconductor company’s stock valued at $30,842,000 after buying an additional 3,400 shares during the last quarter. Finally, TIAA FSB purchased a new stake in Maxim Integrated Products in the second quarter valued at approximately $651,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Maxim Integrated Products, Inc. (MXIM) opened at 48.57 on Monday. Maxim Integrated Products, Inc. has a 52 week low of $37.25 and a 52 week high of $49.70. The stock’s 50 day moving average price is $46.50 and its 200 day moving average price is $45.92. The firm has a market capitalization of $13.70 billion, a P/E ratio of 24.53 and a beta of 1.05.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The firm had revenue of $602.00 million for the quarter, compared to the consensus estimate of $609.52 million. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts expect that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a $0.36 dividend. The ex-dividend date was Tuesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.96%. Maxim Integrated Products’s payout ratio is 72.36%.

Maxim Integrated Products declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/parametric-portfolio-associates-llc-sells-43757-shares-of-maxim-integrated-products-inc-mxim.html.

A number of equities research analysts recently commented on MXIM shares. BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Drexel Hamilton reiterated a “buy” rating and issued a $52.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Loop Capital reiterated a “buy” rating and issued a $43.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, August 22nd. B. Riley reiterated a “neutral” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $40.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and a consensus target price of $47.29.

In related news, VP Vivek Jain sold 10,000 shares of Maxim Integrated Products stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $45.21, for a total value of $452,100.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Edward Grady sold 30,849 shares of Maxim Integrated Products stock

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisor Group Inc. boosted its position in Maxim Integrated Products by 237.5% in the second quarter. Advisor Group Inc. now owns 15,204 shares of the semiconductor company’s stock valued at $671,000 after buying an additional 10,699 shares during the last quarter. Cibc World Markets Corp boosted its position in Maxim Integrated Products by 5.8% in the second quarter. Cibc World Markets Corp now owns 380,000 shares of the semiconductor company’s stock valued at $17,062,000 after buying an additional 21,000 shares during the last quarter. Quantbot Technologies LP boosted its position in Maxim Integrated Products by 516.8% in the second quarter. Quantbot Technologies LP now owns 80,579 shares of the semiconductor company’s stock valued at $3,617,000 after buying an additional 67,514 shares during the last quarter. California Public Employees Retirement System boosted its position in Maxim Integrated Products by 0.5% in the second quarter. California Public Employees Retirement System now owns 686,900 shares of the semiconductor company’s stock valued at $30,842,000 after buying an additional 3,400 shares during the last quarter. Finally, TIAA FSB purchased a new stake in Maxim Integrated Products in the second quarter valued at approximately $651,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Maxim Integrated Products, Inc. (MXIM) opened at 48.57 on Monday. Maxim Integrated Products, Inc. has a 52 week low of $37.25 and a 52 week high of $49.70. The stock’s 50 day moving average price is $46.50 and its 200 day moving average price is $45.92. The firm has a market capitalization of $13.70 billion, a P/E ratio of 24.53 and a beta of 1.05.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The firm had revenue of $602.00 million for the quarter, compared to the consensus estimate of $609.52 million. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts expect that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a $0.36 dividend. The ex-dividend date was Tuesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.96%. Maxim Integrated Products’s payout ratio is 72.36%.

Maxim Integrated Products declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/parametric-portfolio-associates-llc-sells-43757-shares-of-maxim-integrated-products-inc-mxim.html.

A number of equities research analysts recently commented on MXIM shares. BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Drexel Hamilton reiterated a “buy” rating and issued a $52.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Loop Capital reiterated a “buy” rating and issued a $43.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, August 22nd. B. Riley reiterated a “neutral” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $40.00 target price on shares of Maxim Integrated Products in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and a consensus target price of $47.29.

In related news, VP Vivek Jain sold 10,000 shares of Maxim Integrated Products stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $45.21, for a total value of $452,100.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Edward Grady sold 30,849 shares of Maxim Integrated Products stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.04, for a total value of $1,389,438.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,443 shares of company stock worth $6,266,251. Company insiders own 1.11% of the company’s stock.

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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