First Trust Advisors LP Decreases Position in Maxim Integrated Products Inc. (MXIM)

First Trust Advisors LP trimmed its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 26.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,541,880 shares of the semiconductor company’s stock after selling 546,528 shares during the period. First Trust Advisors LP’s holdings in Maxim Integrated Products were worth $86,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MXIM. Capital Advisors Ltd. LLC purchased a new stake in Maxim Integrated Products during the 3rd quarter worth $114,000. Legacy Advisors LLC purchased a new stake in Maxim Integrated Products during the 3rd quarter worth $116,000. Kiley Juergens Wealth Management LLC purchased a new stake in Maxim Integrated Products during the 2nd quarter worth $117,000. Steward Partners Investment Advisory LLC boosted its position in Maxim Integrated Products by 91.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,073 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 989 shares during the period. Finally, First Hawaiian Bank purchased a new stake in Maxim Integrated Products during the 3rd quarter worth $148,000. 90.89% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:MXIM opened at $48.26 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.03 and a quick ratio of 3.67. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.36 and a beta of 1.18. Maxim Integrated Products Inc. has a 1-year low of $46.85 and a 1-year high of $74.94.



Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $630.39 million. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 37.83%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. As a group, sell-side analysts expect that Maxim Integrated Products Inc. will post 3.03 earnings per share for the current fiscal year.

In other news, VP Vivek Jain sold 10,474 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $61.87, for a total transaction of $648,026.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $63.00, for a total transaction of $1,575,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,879 shares of company stock valued at $3,553,301. 0.85% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on MXIM. BMO Capital Markets upped their price target on shares of Maxim Integrated Products from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 27th. Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a research report on Friday, July 27th. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Barclays decreased their price objective on shares of Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. Finally, MKM Partners upped their price objective on shares of Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.47.

About Maxim Integrated Products

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

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