Strs Ohio trimmed its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 49.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,692 shares of the semiconductor company’s stock after selling 21,766 shares during the quarter. Strs Ohio’s holdings in Maxim Integrated Products were worth $1,357,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MXIM. Geode Capital Management LLC lifted its stake 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 valued at $215,856,000 after purchasing an additional 1,160,574 shares during the period. Chartwell Investment Partners LLC lifted its stake in shares of Maxim Integrated Products by 128.1% in the 1st quarter. Chartwell Investment Partners LLC now owns 53,558 shares of the semiconductor company’s stock valued at $2,848,000 after purchasing an additional 30,078 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Maxim Integrated Products in the 1st quarter valued at about $292,000. Virtu Financial LLC acquired a new position in shares of Maxim Integrated Products in the 1st quarter valued at about $533,000. Finally, Ridgewood Investments LLC lifted its stake in shares of Maxim Integrated Products by 19.5% in the 1st quarter. Ridgewood Investments LLC now owns 13,485 shares of the semiconductor company’s stock valued at $717,000 after purchasing an additional 2,199 shares during the period. Institutional investors own 93.69% of the company’s stock.
Shares of MXIM opened at $54.13 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.84 and a quick ratio of 6.18. The business’s 50 day moving average is $59.96. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 2.09 and a beta of 1.38. Maxim Integrated Products Inc. has a 52 week low of $46.64 and a 52 week high of $65.73.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $557.00 million during the quarter, compared to analyst estimates of $559.97 million. Maxim Integrated Products had a return on equity of 37.75% and a net margin of 35.76%. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. On average, analysts expect that Maxim Integrated Products Inc. will post 2.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be issued 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 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Wednesday, August 28th. Maxim Integrated Products’s payout ratio is currently 75.72%.
A number of research analysts have recently issued reports on MXIM shares. Citigroup set a $62.00 price objective on Maxim Integrated Products and gave the company a “hold” rating in a research note on Wednesday, July 31st. Deutsche Bank set a $70.00 price target on Maxim Integrated Products and gave the stock a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research note on Thursday, July 25th. BidaskClub downgraded Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, ValuEngine raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and an average target price of $61.75.
In other Maxim Integrated Products news, CEO Tunc Doluca sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bruce E. Kiddoo sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $58.52, for a total value of $292,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,100 shares of company stock valued at $1,964,877 over the last three months. Corporate 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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