Private Advisor Group LLC lifted its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 40.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 8,937 shares of the semiconductor company’s stock after buying an additional 2,577 shares during the quarter. Private Advisor Group LLC’s holdings in Maxim Integrated Products were worth $528,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Maxim Integrated Products during the first quarter worth about $106,000. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Maxim Integrated Products during the second quarter worth about $117,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Maxim Integrated Products during the first quarter worth about $205,000. Cigna Investments Inc. New purchased a new stake in shares of Maxim Integrated Products during the first quarter worth about $209,000. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Maxim Integrated Products during the first quarter worth about $218,000. Institutional investors and hedge funds own 90.72% of the company’s stock.
A number of equities research analysts have recently commented on MXIM shares. Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a report on Thursday, June 14th. Loop Capital started coverage on shares of Maxim Integrated Products in a report on Friday, June 22nd. They set a “buy” rating and a $70.00 price target for the company. KeyCorp lifted their price target on shares of Maxim Integrated Products from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. BidaskClub downgraded shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Finally, Citigroup lifted their price target on shares of Maxim Integrated Products from $56.00 to $61.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and an average target price of $61.61.
MXIM opened at $60.39 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.67 and a current ratio of 4.03. Maxim Integrated Products Inc. has a 1 year low of $45.65 and a 1 year high of $74.94. The company has a market capitalization of $16.81 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.89 and a beta of 1.19.
Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 38.37%. The business had revenue of $633.10 million for the quarter, compared to analysts’ expectations of $630.39 million. During the same period last year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. equities research analysts anticipate that Maxim Integrated Products Inc. will post 3.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 30th will be given a $0.46 dividend. The ex-dividend date is Wednesday, August 29th. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 3.05%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 67.90%.
In other Maxim Integrated Products news, insider Bryan Preeshl sold 1,371 shares of Maxim Integrated Products stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $62.09, for a total transaction of $85,125.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $63.00, for a total transaction of $1,575,000.00. The disclosure for this sale can be found here. Insiders sold 44,756 shares of company stock worth $2,781,635 over the last three months. Corporate insiders own 1.11% of the company’s stock.
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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