Tdam USA Inc. reduced its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 6.2% during the first quarter, HoldingsChannel reports. The firm owned 116,589 shares of the semiconductor company’s stock after selling 7,681 shares during the period. Tdam USA Inc.’s holdings in Maxim Integrated Products were worth $6,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of Maxim Integrated Products by 328.1% during the first quarter. Quadrant Capital Group LLC now owns 488 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 374 shares in the last quarter. CWM LLC lifted its holdings in shares of Maxim Integrated Products by 78.0% during the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 262 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of Maxim Integrated Products by 76.9% during the first quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 297 shares in the last quarter. Sun Life Financial INC bought a new position in shares of Maxim Integrated Products during the fourth quarter valued at $39,000. Finally, Guardian Life Insurance Co. of America bought a new position in shares of Maxim Integrated Products during the fourth quarter valued at $40,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.
Maxim Integrated Products stock traded down $0.73 during mid-day trading on Monday, reaching $52.86. 58,167 shares of the stock traded hands, compared to its average volume of 1,684,671. The stock has a market cap of $14.65 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.77 and a current ratio of 6.46. Maxim Integrated Products Inc. has a 12-month low of $46.64 and a 12-month high of $63.68.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $542.38 million during the quarter, compared to analysts’ expectations of $540.17 million. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. As a group, sell-side analysts predict that Maxim Integrated Products Inc. will post 2.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, May 29th. Maxim Integrated Products’s payout ratio is 67.90%.
A number of brokerages have recently issued reports on MXIM. ValuEngine downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Friday, May 10th. BidaskClub upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Maxim Group reiterated a “sell” rating on shares of Maxim Integrated Products in a research report on Friday, February 8th. Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, Deutsche Bank upped their price objective on Maxim Integrated Products from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. Maxim Integrated Products has a consensus rating of “Hold” and a consensus price target of $61.83.
In other Maxim Integrated Products news, VP Vivek Jain sold 14,246 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $60.58, for a total value of $863,022.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bruce E. Kiddoo sold 8,062 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $55.60, for a total value of $448,247.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,352 shares of company stock valued at $4,172,270. Company insiders own 0.85% of the company’s stock.
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.
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