Rhumbline Advisers decreased its stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,580 shares of the semiconductor company’s stock after selling 4,976 shares during the period. Rhumbline Advisers owned approximately 0.16% of Maxim Integrated Products worth $18,015,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Maxim Integrated Products during the fourth quarter worth $121,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Maxim Integrated Products during the third quarter worth $128,000. Aviance Capital Management LLC boosted its stake in Maxim Integrated Products by 38,728.6% during the fourth quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock worth $142,000 after buying an additional 2,711 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in Maxim Integrated Products during the fourth quarter worth $169,000. Finally, IBM Retirement Fund acquired a new stake in Maxim Integrated Products during the third quarter worth $200,000.
Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at $62.00 on Friday. The stock has a market capitalization of $13,529.27, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20. Maxim Integrated Products Inc. has a twelve month low of $43.35 and a twelve month high of $74.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.65. The company had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $620.46 million. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. equities research analysts anticipate that Maxim Integrated Products Inc. will post 2.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.71%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 108.27%.
In related news, CEO Tunc Doluca sold 21,000 shares of Maxim Integrated Products stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $51.74, for a total value of $1,086,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William D. Watkins sold 19,650 shares of Maxim Integrated Products stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total value of $1,011,778.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 245,256 shares of company stock valued at $14,327,565. Company insiders own 1.11% of the company’s stock.
A number of research firms have weighed in on MXIM. Morgan Stanley upgraded shares of Maxim Integrated Products from an “underweight” rating to an “equal” rating and set a $44.00 price target on the stock in a research note on Tuesday, January 30th. Barclays lifted their price target on shares of Maxim Integrated Products from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. BMO Capital Markets lifted their price target on shares of Maxim Integrated Products to $55.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Finally, SunTrust Banks reiterated a “hold” rating and set a $63.00 price target on shares of Maxim Integrated Products in a research note on Friday, January 26th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Maxim Integrated Products has a consensus rating of “Hold” and an average target price of $54.29.
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About Maxim Integrated Products
Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.
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