Cambridge Investment Research Advisors Inc. Boosts Stake in Maxim Integrated Products, Inc. (MXIM)

Cambridge Investment Research Advisors Inc. lifted its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 15.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,608 shares of the semiconductor company’s stock after purchasing an additional 2,697 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Maxim Integrated Products were worth $983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Maxim Integrated Products by 16.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 343 shares during the period. Highstreet Asset Management Inc. bought a new position in Maxim Integrated Products during the 2nd quarter valued at approximately $115,000. Benjamin F. Edwards & Company Inc. bought a new position in Maxim Integrated Products during the 3rd quarter valued at approximately $128,000. Acrospire Investment Management LLC raised its position in Maxim Integrated Products by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in Maxim Integrated Products by 21.1% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.

Maxim Integrated Products, Inc. (MXIM) opened at $53.52 on Thursday. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The firm has a market cap of $14,870.00, a P/E ratio of 24.09, a P/E/G ratio of 2.12 and a beta of 1.11. Maxim Integrated Products, Inc. has a 1 year low of $37.32 and a 1 year high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. analysts expect that Maxim Integrated Products, Inc. will post 2.49 earnings per share for the current fiscal year.

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

In related news, VP Bruce E. Kiddoo sold 25,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $51.71, for a total transaction of $1,292,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary Ann Wright sold 560 shares of the business’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 a total of 203,527 shares of company stock worth $10,468,235 over the last quarter. 1.11% of the stock is owned by company insiders.

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Several brokerages have recently issued reports on MXIM. B. Riley reissued a “neutral” rating and issued a $47.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. Zacks Investment Research downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Morgan Stanley reiterated an “underweight” rating and set a $40.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, September 20th. Barclays PLC raised their price target on Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, SunTrust Banks, Inc. raised their price target on Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.14.

Maxim Integrated Products 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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