Susquehanna began coverage on shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) in a research report sent to investors on Tuesday. The firm issued a positive rating on the stock.

MXIM has been the subject of a number of other reports. Maxim Group downgraded Maxim Integrated Products from an outperform rating to a sector perform rating in a report on Thursday, September 8th. Barclays PLC increased their price target on Maxim Integrated Products from $35.00 to $42.00 and gave the stock an equal weight rating in a report on Wednesday, August 31st. Pacific Crest restated an overweight rating on shares of Maxim Integrated Products in a research note on Thursday, September 15th. Zacks Investment Research downgraded Maxim Integrated Products from a hold rating to a sell rating in a research note on Thursday, June 23rd. Finally, Jefferies Group restated a buy rating and issued a $42.00 target price (up from $41.00) on shares of Maxim Integrated Products in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $40.14.

Maxim Integrated Products (NASDAQ:MXIM) traded up 0.23% during mid-day trading on Tuesday, reaching $38.75. The company had a trading volume of 322,871 shares. The stock has a 50 day moving average price of $40.23 and a 200 day moving average price of $37.59. Maxim Integrated Products has a one year low of $30.28 and a one year high of $42.37. The company has a market capitalization of $10.99 billion, a P/E ratio of 49.05 and a beta of 1.02.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Maxim Integrated Products had a return on equity of 22.15% and a net margin of 10.36%. The firm earned $566 million during the quarter, compared to the consensus estimate of $575.46 million. On average, equities analysts expect that Maxim Integrated Products will post $1.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were given a dividend of $0.33 per share. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, August 16th. Maxim Integrated Products’s payout ratio is 169.23%.

In related news, VP Vivek Jain sold 3,273 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $41.42, for a total value of $135,567.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tunc Doluca sold 22,500 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $40.86, for a total transaction of $919,350.00. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MXIM. KAMES CAPITAL plc raised its position in shares of Maxim Integrated Products by 4.1% in the second quarter. KAMES CAPITAL plc now owns 570,500 shares of the company’s stock valued at $20,361,000 after buying an additional 22,232 shares during the period. Royal Bank of Canada raised its position in shares of Maxim Integrated Products by 29.6% in the second quarter. Royal Bank of Canada now owns 141,738 shares of the company’s stock valued at $5,059,000 after buying an additional 32,403 shares during the period. IFP Advisors Inc raised its position in shares of Maxim Integrated Products by 31.3% in the second quarter. IFP Advisors Inc now owns 2,874 shares of the company’s stock valued at $103,000 after buying an additional 685 shares during the period. Calvert Investment Management Inc. bought a new position in shares of Maxim Integrated Products during the second quarter valued at about $559,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Maxim Integrated Products by 60.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,265,569 shares of the company’s stock valued at $45,169,000 after buying an additional 477,796 shares during the period. Institutional investors own 90.28% of the company’s stock.

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’s products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers.

5 Day Chart for NASDAQ:MXIM

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