29,340 Shares in Maxim Integrated Products Inc. (MXIM) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) in the 4th quarter, HoldingsChannel.com reports. The firm bought 29,340 shares of the semiconductor company’s stock, valued at approximately $1,573,000.

Other hedge funds have also added to or reduced their stakes in the company. Avitas Wealth Management LLC lifted its holdings in shares of Maxim Integrated Products by 4.5% during the third quarter. Avitas Wealth Management LLC now owns 57,193 shares of the semiconductor company’s stock valued at $3,225,000 after purchasing an additional 2,454 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Maxim Integrated Products by 0.5% during the third quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock valued at $1,580,346,000 after purchasing an additional 150,909 shares during the last quarter. Kepos Capital LP purchased a new position in shares of Maxim Integrated Products during the third quarter valued at approximately $3,075,000. Cullinan Associates Inc. lifted its holdings in shares of Maxim Integrated Products by 5.3% during the third quarter. Cullinan Associates Inc. now owns 262,400 shares of the semiconductor company’s stock valued at $14,797,000 after purchasing an additional 13,120 shares during the last quarter. Finally, Conning Inc. lifted its holdings in shares of Maxim Integrated Products by 4.9% during the fourth quarter. Conning Inc. now owns 138,822 shares of the semiconductor company’s stock valued at $7,059,000 after purchasing an additional 6,517 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Deutsche Bank lowered their target price on shares of Maxim Integrated Products from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Barclays lowered 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. Maxim Group reiterated a “sell” rating on shares of Maxim Integrated Products in a report on Friday. Finally, Citigroup lowered their target price on shares of Maxim Integrated Products from $61.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Maxim Integrated Products has a consensus rating of “Hold” and an average price target of $60.20.



Shares of NASDAQ MXIM opened at $54.72 on Friday. Maxim Integrated Products Inc. has a twelve month low of $46.64 and a twelve month high of $64.40. The company has a market capitalization of $15.00 billion, a P/E ratio of 20.19, a PEG ratio of 1.92 and a beta of 1.35. The company has a quick ratio of 3.27, a current ratio of 6.54 and a debt-to-equity ratio of 0.57.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. The firm had revenue of $576.91 million during the quarter, compared to analysts’ expectations of $590.50 million. Sell-side analysts expect that Maxim Integrated Products Inc. will post 2.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 28th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.84 dividend on an annualized basis and a yield of 3.36%. Maxim Integrated Products’s payout ratio is currently 67.90%.

In related news, VP Sumeet Gagneja sold 517 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $56.72, for a total value of $29,324.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tunc Doluca sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $55.79, for a total transaction of $139,475.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,445 shares of company stock valued at $3,877,229. 0.85% of the stock is owned by company insiders.

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Maxim Integrated Products 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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