Maxim Integrated Products Inc. (MXIM) Stake Lessened by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,100 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Macquarie Group Ltd.’s holdings in Maxim Integrated Products were worth $570,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of Maxim Integrated Products by 0.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 196,098 shares of the semiconductor company’s stock worth $11,058,000 after purchasing an additional 1,514 shares during the last quarter. Point72 Hong Kong Ltd lifted its position in shares of Maxim Integrated Products by 348.4% during the 3rd quarter. Point72 Hong Kong Ltd now owns 2,166 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 1,683 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC lifted its position in shares of Maxim Integrated Products by 4.2% during the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 393,804 shares of the semiconductor company’s stock worth $22,207,000 after purchasing an additional 15,888 shares during the last quarter. Verition Fund Management LLC raised its stake in Maxim Integrated Products by 119.8% during the 3rd quarter. Verition Fund Management LLC now owns 42,437 shares of the semiconductor company’s stock worth $2,393,000 after acquiring an additional 23,132 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in Maxim Integrated Products during the 3rd quarter worth $562,000. 91.77% of the stock is owned by institutional investors and hedge funds.

NASDAQ MXIM opened at $52.86 on Friday. The company has a current ratio of 3.57, a quick ratio of 3.27 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31. Maxim Integrated Products Inc. has a one year low of $46.64 and a one year high of $74.94.



Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $638.50 million for the quarter, compared to analyst estimates of $635.19 million. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. Maxim Integrated Products’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. Equities analysts anticipate that Maxim Integrated Products Inc. will post 2.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, November 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. Maxim Integrated Products’s dividend payout ratio is presently 67.90%.

Several equities research analysts recently commented on MXIM shares. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. BidaskClub upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Goldman Sachs Group lowered shares of Maxim Integrated Products from a “neutral” rating to a “sell” rating in a research note on Thursday, October 18th. Morgan Stanley cut their price target on shares of Maxim Integrated Products from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 31st. Finally, SunTrust Banks cut their price target on shares of Maxim Integrated Products to $51.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $60.71.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 7,500 shares of Maxim Integrated Products stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $56.98, for a total value of $427,350.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sumeet Gagneja sold 517 shares of Maxim Integrated Products stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $56.72, for a total transaction of $29,324.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,671 shares of company stock worth $2,448,005. 0.85% of the stock is currently owned by company insiders.

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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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