Maxim Integrated Products Inc. (MXIM) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,719 shares of the semiconductor company’s stock after buying an additional 2,306 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Maxim Integrated Products were worth $2,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Artemis Investment Management LLP purchased a new position in shares of Maxim Integrated Products during the third quarter valued at approximately $6,879,000. American Century Companies Inc. lifted its stake in shares of Maxim Integrated Products by 17.2% during the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after buying an additional 2,087,911 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Maxim Integrated Products by 50.8% during the third quarter. Artisan Partners Limited Partnership now owns 2,477,908 shares of the semiconductor company’s stock valued at $118,221,000 after buying an additional 834,443 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Maxim Integrated Products by 240.9% during the fourth quarter. State of Alaska Department of Revenue now owns 127,577 shares of the semiconductor company’s stock valued at $6,668,000 after buying an additional 90,150 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Maxim Integrated Products by 33.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 71,123 shares of the semiconductor company’s stock valued at $3,393,000 after buying an additional 17,719 shares during the period.

Several brokerages recently issued reports on MXIM. Maxim Group reissued a “hold” rating and set a $67.00 price objective on shares of Maxim Integrated Products in a research note on Friday, January 26th. Morgan Stanley reissued an “equal weight” rating on shares of Maxim Integrated Products in a research note on Wednesday, January 31st. Oppenheimer reissued a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, January 26th. B. Riley reissued a “hold” rating and set a $54.00 price objective on shares of Maxim Integrated Products in a research note on Friday, January 26th. Finally, BMO Capital Markets upped their price objective on shares of Maxim Integrated Products to $55.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.29.

In other news, CEO Tunc Doluca sold 54,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $59.57, for a total value of $3,216,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $62.23, for a total transaction of $1,555,750.00. The disclosure for this sale can be found here. Insiders sold 234,749 shares of company stock valued at $13,647,197 in the last three months. Company insiders own 1.11% of the company’s stock.

Shares of Maxim Integrated Products Inc. (MXIM) opened at $57.95 on Friday. Maxim Integrated Products Inc. has a 52-week low of $43.35 and a 52-week high of $74.94. The stock has a market cap of $12,132.70, a price-to-earnings ratio of 22.79, a PEG ratio of 2.05 and a beta of 1.20. The company has a quick ratio of 4.14, a current ratio of 4.48 and a debt-to-equity ratio of 0.50.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Maxim Integrated Products had a net margin of 16.08% and a return on equity of 32.59%. The company had revenue of $623.00 million during the quarter, compared to analyst estimates of $620.46 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. research analysts forecast that Maxim Integrated Products Inc. will post 2.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.42 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.90%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. Maxim Integrated Products’s dividend payout ratio is presently 108.27%.

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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.

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

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