Maxim Integrated Products, Inc. (MXIM) Position Boosted by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,754 shares of the semiconductor company’s stock after buying an additional 12,830 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.07% of Maxim Integrated Products worth $9,721,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Maxim Integrated Products by 13.4% in the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock valued at $895,388,000 after buying an additional 2,358,743 shares during the period. American Century Companies Inc. lifted its holdings in Maxim Integrated Products by 17.2% in the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after buying an additional 2,087,911 shares during the period. Bank of New York Mellon Corp lifted its holdings in Maxim Integrated Products by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 10,593,454 shares of the semiconductor company’s stock valued at $475,645,000 after buying an additional 167,748 shares during the period. Wells Fargo & Company MN lifted its holdings in Maxim Integrated Products by 1.0% in the second quarter. Wells Fargo & Company MN now owns 6,521,747 shares of the semiconductor company’s stock valued at $292,827,000 after buying an additional 63,877 shares during the period. Finally, State Street Corp lifted its holdings in Maxim Integrated Products by 0.5% in the second quarter. State Street Corp now owns 6,384,084 shares of the semiconductor company’s stock valued at $286,644,000 after buying an additional 28,762 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

MXIM has been the topic of several recent analyst reports. Maxim Group restated a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Drexel Hamilton reiterated a “buy” rating and set a $52.00 price objective on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Loop Capital reiterated a “buy” rating and set a $53.00 price objective on shares of Maxim Integrated Products in a report on Thursday, August 31st. Stifel Nicolaus upped their price objective on shares of Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Bank of America Corporation upped their price objective on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.14.

Shares of Maxim Integrated Products, Inc. (MXIM) opened at $53.51 on Friday. Maxim Integrated Products, Inc. has a 52-week low of $37.32 and a 52-week high of $55.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. The stock has a market cap of $15,070.00, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same period in the prior year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. equities analysts predict that Maxim Integrated Products, Inc. will post 2.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, November 29th. Maxim Integrated Products’s payout ratio is 70.24%.

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In other Maxim Integrated Products news, Director Mary Ann Wright sold 560 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $46.29, for a total value of $25,922.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Vivek Jain sold 1,793 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $53.28, for a total transaction of $95,531.04. The disclosure for this sale can be found here. Insiders sold a total of 232,706 shares of company stock valued at $11,767,441 over the last ninety days. 1.11% of the stock is currently owned by insiders.

Maxim Integrated Products Company Profile

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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