DekaBank Deutsche Girozentrale Buys 22,310 Shares of Maxim Integrated Products, Inc. (MXIM)

DekaBank Deutsche Girozentrale lifted its stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,351 shares of the semiconductor company’s stock after buying an additional 22,310 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of Maxim Integrated Products worth $8,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MXIM. Dimensional Fund Advisors LP raised its holdings in shares of Maxim Integrated Products by 15.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 716,933 shares of the semiconductor company’s stock worth $32,232,000 after buying an additional 96,467 shares in the last quarter. Capstone Asset Management Co. grew its position in Maxim Integrated Products by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 7,255 shares of the semiconductor company’s stock worth $326,000 after acquiring an additional 340 shares during the last quarter. Bank of Montreal Can grew its position in Maxim Integrated Products by 28.6% during the 2nd quarter. Bank of Montreal Can now owns 260,180 shares of the semiconductor company’s stock worth $11,683,000 after acquiring an additional 57,897 shares during the last quarter. Gateway Investment Advisers LLC grew its position in Maxim Integrated Products by 2.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,871 shares of the semiconductor company’s stock worth $398,000 after acquiring an additional 181 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. grew its position in Maxim Integrated Products by 1,075.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 25,783 shares of the semiconductor company’s stock worth $1,158,000 after acquiring an additional 23,589 shares during the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Tunc Doluca sold 21,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $46.88, for a total value of $984,480.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mary Ann Wright sold 560 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $46.29, for a total transaction of $25,922.40. The disclosure for this sale can be found here. Insiders have sold 232,706 shares of company stock worth $11,767,441 in the last quarter. Company insiders own 1.11% of the company’s stock.

A number of research analysts have commented on MXIM shares. Loop Capital reiterated a “buy” rating and issued a $57.00 price objective (up from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Zacks Investment Research lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Drexel Hamilton raised their price target on Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Maxim Group raised their price target on Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $52.14.

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Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded down $0.03 during midday trading on Friday, hitting $53.51. 1,086,732 shares of the stock traded hands, compared to its average volume of 2,079,046. Maxim Integrated Products, Inc. has a 52-week low of $37.32 and a 52-week high of $55.43. The firm has a market capitalization of $15,070.00, a price-to-earnings ratio of 23.85, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. sell-side analysts forecast that Maxim Integrated Products, Inc. will post 2.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.69%. Maxim Integrated Products’s dividend payout ratio is currently 70.24%.

Maxim Integrated Products Company Profile

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.

Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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