Strs Ohio Grows Holdings in Maxim Integrated Products Inc. (MXIM)

Strs Ohio raised its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 4.1% in the 1st quarter, Holdings Channel reports. The firm owned 44,458 shares of the semiconductor company’s stock after buying an additional 1,744 shares during the quarter. Strs Ohio’s holdings in Maxim Integrated Products were worth $2,363,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. IMS Capital Management bought a new position in Maxim Integrated Products during the third quarter valued at $28,000. CWM LLC lifted its position in Maxim Integrated Products by 78.0% during the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 262 shares during the last quarter. TCI Wealth Advisors Inc. lifted its position in Maxim Integrated Products by 311.8% during the fourth quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 580 shares during the last quarter. Sun Life Financial INC bought a new position in Maxim Integrated Products during the fourth quarter valued at $39,000. Finally, Guardian Life Insurance Co. of America bought a new stake in shares of Maxim Integrated Products in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

NASDAQ MXIM opened at $59.53 on Monday. The company has a current ratio of 6.54, a quick ratio of 5.85 and a debt-to-equity ratio of 0.57. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.09 and a beta of 1.31. Maxim Integrated Products Inc. has a one year low of $46.64 and a one year high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $576.91 million for the quarter, compared to analysts’ expectations of $590.50 million. Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. On average, equities research analysts expect that Maxim Integrated Products Inc. will post 2.44 EPS for the current year.

In other news, CEO Tunc Doluca sold 5,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $54.55, for a total value of $272,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Bergman sold 14,210 shares of Maxim Integrated Products stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $56.46, for a total transaction of $802,296.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,316 shares of company stock worth $4,235,474. Insiders own 0.85% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. BidaskClub upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Cowen assumed coverage on shares of Maxim Integrated Products in a report on Friday, February 22nd. They issued a “market perform” rating and a $56.00 target price for the company. Finally, Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.67.

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

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