GSA Capital Partners LLP purchased a new stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,281 shares of the semiconductor company’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MXIM. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 343 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Maxim Integrated Products in the third quarter valued at about $128,000. Acrospire Investment Management LLC raised its holdings in shares of Maxim Integrated Products by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,600 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Maxim Integrated Products in the second quarter valued at about $144,000. Finally, Toronto Dominion Bank raised its holdings in shares of Maxim Integrated Products by 12.1% in the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 375 shares during the last quarter. 90.27% of the stock is owned by hedge funds and other institutional investors.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $53.82 on Wednesday. The stock has a market cap of $15,150.00, a PE ratio of 26.25, a P/E/G ratio of 2.10 and a beta of 1.10. Maxim Integrated Products, Inc. has a 1-year low of $39.75 and a 1-year high of $55.43. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. analysts predict that Maxim Integrated Products, Inc. will post 2.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.44 annualized dividend and a yield of 2.68%. Maxim Integrated Products’s dividend payout ratio is currently 70.24%.

In other Maxim Integrated Products news, VP Christopher J. Neil sold 3,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.56, for a total transaction of $183,960.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Vivek Jain sold 6,793 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $52.18, for a total transaction of $354,458.74. The disclosure for this sale can be found here. Insiders have sold 230,819 shares of company stock valued at $12,093,336 over the last three months. 1.11% of the stock is currently owned by corporate insiders.

MXIM has been the subject of a number of research reports. Loop Capital reaffirmed a “buy” rating and issued a $57.00 target price (up from $53.00) on shares of Maxim Integrated Products in a report on Friday, October 20th. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Drexel Hamilton upped their target price on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Maxim Group upped their target price on shares of Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Citigroup upped their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $52.24.

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About Maxim Integrated Products

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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