Xact Kapitalforvaltning AB Has $2.75 Million Holdings in Maxim Integrated Products Inc. (MXIM)

Xact Kapitalforvaltning AB raised its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,762 shares of the semiconductor company’s stock after buying an additional 4,003 shares during the period. Xact Kapitalforvaltning AB’s holdings in Maxim Integrated Products were worth $2,750,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MXIM. Legacy Advisors LLC purchased a new stake in Maxim Integrated Products during the third quarter valued at about $116,000. Kiley Juergens Wealth Management LLC purchased a new stake in Maxim Integrated Products during the second quarter valued at about $117,000. First Hawaiian Bank purchased a new stake in Maxim Integrated Products during the third quarter valued at about $148,000. Dynamic Technology Lab Private Ltd purchased a new stake in Maxim Integrated Products during the first quarter valued at about $205,000. Finally, Hartford Investment Management Co. purchased a new stake in Maxim Integrated Products during the second quarter valued at about $270,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Maxim Integrated Products stock opened at $49.78 on Wednesday. The company has a quick ratio of 3.67, a current ratio of 4.03 and a debt-to-equity ratio of 0.51. The stock has a market cap of $13.40 billion, a PE ratio of 18.37, a PEG ratio of 1.37 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 earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 37.83%. The company had revenue of $638.50 million during the quarter, compared to analyst estimates of $635.19 million. During the same period in the prior year, the business posted $0.60 earnings per share. Maxim Integrated Products’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts predict that Maxim Integrated Products Inc. will post 3.03 earnings per share for the current year.

In other Maxim Integrated Products news, Director Mary Ann Wright sold 440 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $60.43, for a total value of $26,589.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tunc Doluca sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $56.80, for a total transaction of $284,000.00. The disclosure for this sale can be found here. Insiders sold 54,379 shares of company stock valued at $3,339,696 over the last 90 days. 0.85% of the stock is currently owned by company insiders.

MXIM has been the subject of several analyst reports. BidaskClub upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Stifel Nicolaus increased their target price on shares of Maxim Integrated Products from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Morgan Stanley dropped their target price on shares of Maxim Integrated Products from $60.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Barclays dropped their target price on shares of Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, October 23rd. Finally, ValuEngine lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Maxim Integrated Products currently has an average rating of “Hold” and a consensus price target of $63.47.

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

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