Maxim Integrated Products Inc. (MXIM) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 42.1% during the 1st quarter, HoldingsChannel reports. The fund owned 50,554 shares of the semiconductor company’s stock after purchasing an additional 14,979 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Maxim Integrated Products were worth $2,688,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MXIM. Nordea Investment Management AB increased its position in shares of Maxim Integrated Products by 5.2% during the third quarter. Nordea Investment Management AB now owns 154,009 shares of the semiconductor company’s stock worth $8,684,000 after acquiring an additional 7,655 shares during the period. Legal & General Group Plc increased its position in shares of Maxim Integrated Products by 2.6% during the third quarter. Legal & General Group Plc now owns 1,364,669 shares of the semiconductor company’s stock worth $76,949,000 after acquiring an additional 34,184 shares during the period. Morgan Stanley boosted its stake in shares of Maxim Integrated Products by 21.0% during the third quarter. Morgan Stanley now owns 673,401 shares of the semiconductor company’s stock valued at $37,973,000 after purchasing an additional 116,958 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Maxim Integrated Products by 0.5% during the third quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock valued at $1,580,346,000 after purchasing an additional 150,909 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Maxim Integrated Products by 14,671.7% during the third quarter. Federated Investors Inc. PA now owns 226,303 shares of the semiconductor company’s stock valued at $12,761,000 after purchasing an additional 224,771 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. Cowen reiterated a “market perform” rating and set a $63.00 price objective (up from $56.00) on shares of Maxim Integrated Products in a research note on Wednesday, May 1st. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Deutsche Bank increased their price objective on shares of Maxim Integrated Products from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Barclays increased their price objective on shares of Maxim Integrated Products from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $64.00 price objective on shares of Maxim Integrated Products in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.83.

In other Maxim Integrated Products news, Director James R. Bergman sold 14,210 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $56.46, for a total value of $802,296.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tunc Doluca sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $54.96, for a total transaction of $137,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,316 shares of company stock valued at $3,689,374. 0.85% of the stock is owned by insiders.

Shares of MXIM opened at $59.11 on Tuesday. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.12 and a beta of 1.35. Maxim Integrated Products Inc. has a twelve month low of $46.64 and a twelve month high of $63.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.46 and a quick ratio of 5.85.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $542.38 million during the quarter, compared to the consensus estimate of $540.17 million. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 40.16%. Maxim Integrated Products’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. On average, equities analysts predict that Maxim Integrated Products Inc. will post 2.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $1.84 annualized dividend and a yield of 3.11%. Maxim Integrated Products’s dividend payout ratio (DPR) is 67.90%.

TRADEMARK VIOLATION WARNING: This article was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2019/05/07/maxim-integrated-products-inc-mxim-shares-bought-by-fjarde-ap-fonden-fourth-swedish-national-pension-fund.html.

About Maxim Integrated Products

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.

Recommended Story: Diversification

Want to see what other hedge funds are holding MXIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxim Integrated Products Inc. (NASDAQ:MXIM).

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

Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.