PineBridge Investments L.P. decreased its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 20.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,488 shares of the company’s stock after selling 2,988 shares during the period. PineBridge Investments L.P.’s holdings in Maxim Integrated Products were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gulf International Bank UK Ltd boosted its position in shares of Maxim Integrated Products by 5.1% in the second quarter. Gulf International Bank UK Ltd now owns 82,384 shares of the company’s stock worth $2,940,000 after buying an additional 4,000 shares during the last quarter. National Pension Service boosted its position in shares of Maxim Integrated Products by 4.6% in the first quarter. National Pension Service now owns 207,359 shares of the company’s stock worth $7,627,000 after buying an additional 9,056 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Maxim Integrated Products by 67.6% in the first quarter. OLD National Bancorp IN now owns 26,025 shares of the company’s stock worth $957,000 after buying an additional 10,494 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Maxim Integrated Products by 1,822.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 30,641 shares of the company’s stock worth $1,094,000 after buying an additional 29,047 shares during the last quarter. Finally, Moore Capital Management LP bought a new position in shares of Maxim Integrated Products during the first quarter worth about $3,678,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at 38.68 on Tuesday. The company has a market cap of $10.97 billion, a PE ratio of 48.96 and a beta of 1.02. The company has a 50-day moving average price of $40.30 and a 200 day moving average price of $37.56. Maxim Integrated Products Inc. has a 52 week low of $30.28 and a 52 week high of $42.37.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Maxim Integrated Products had a net margin of 10.36% and a return on equity of 22.15%. The business earned $566 million during the quarter, compared to analyst estimates of $575.46 million. On average, equities research analysts forecast that Maxim Integrated Products Inc. will post $1.96 EPS for the current fiscal year.

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

A number of research firms have commented on MXIM. Maxim Group lowered Maxim Integrated Products from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 8th. Barclays PLC lifted their target price 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 reissued an “overweight” rating on shares of Maxim Integrated Products in a report on Thursday, September 15th. Zacks Investment Research lowered Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Thursday, June 23rd. Finally, Jefferies Group reissued a “buy” rating and issued a $42.00 target price (up previously from $41.00) on shares of Maxim Integrated Products in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Maxim Integrated Products presently has a consensus rating of “Hold” and an average price target of $39.68.

In other news, VP Edwin Medlin sold 26,552 shares of Maxim Integrated Products stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $40.07, for a total value of $1,063,938.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tunc Doluca sold 22,500 shares of Maxim Integrated Products stock in a transaction dated Thursday, September 1st. The shares were 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. 1.50% of the stock is currently owned by insiders.

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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