Maxim Integrated Products Inc. (MXIM) Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 114.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,400 shares of the semiconductor company’s stock after acquiring an additional 13,000 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Maxim Integrated Products were worth $1,376,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Maxim Integrated Products by 5.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 58,932 shares of the semiconductor company’s stock valued at $3,457,000 after purchasing an additional 3,028 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Maxim Integrated Products during the 2nd quarter valued at about $527,000. Commonwealth Equity Services LLC boosted its stake in shares of Maxim Integrated Products by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 69,128 shares of the semiconductor company’s stock valued at $4,055,000 after purchasing an additional 1,226 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Maxim Integrated Products by 53.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,731 shares of the semiconductor company’s stock valued at $1,744,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Maxim Integrated Products by 7.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 495,606 shares of the semiconductor company’s stock valued at $29,074,000 after purchasing an additional 34,821 shares in the last quarter. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ MXIM opened at $52.90 on Friday. Maxim Integrated Products Inc. has a 1 year low of $46.85 and a 1 year high of $74.94. The stock has a market cap of $15.19 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.57 and a quick ratio of 3.27.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $638.50 million during the quarter, compared to analysts’ expectations of $635.19 million. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, research analysts forecast that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $1.84 annualized dividend and a yield of 3.48%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

A number of research analysts recently issued reports on MXIM shares. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. KeyCorp started coverage on shares of Maxim Integrated Products in a research report on Tuesday, September 25th. They set a “sector weight” rating and a $68.00 price target for the company. ValuEngine cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research cut shares of Maxim Integrated Products from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Stifel Nicolaus cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $65.00 in a research report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. Maxim Integrated Products presently has an average rating of “Hold” and a consensus price target of $60.76.

In other Maxim Integrated Products news, Director James R. Bergman sold 4,400 shares of Maxim Integrated Products stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $53.24, for a total value of $234,256.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph R. Bronson sold 5,000 shares of Maxim Integrated Products stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $58.98, for a total transaction of $294,900.00. The disclosure for this sale can be found here. Insiders sold 56,540 shares of company stock valued at $3,221,251 over the last ninety days. Corporate insiders own 0.85% of the company’s stock.

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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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