AHL Partners LLP trimmed its holdings in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 52.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 116,240 shares of the semiconductor company’s stock after selling 128,175 shares during the quarter. AHL Partners LLP’s holdings in Maxim Integrated Products were worth $5,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Maxim Integrated Products by 29.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,770,400 shares of the semiconductor company’s stock worth $169,291,000 after acquiring an additional 866,278 shares during the last quarter. QCM Cayman Ltd. lifted its holdings in shares of Maxim Integrated Products by 38.0% in the 2nd quarter. QCM Cayman Ltd. now owns 6,201 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 1,708 shares during the last quarter. Clinton Group Inc. lifted its holdings in shares of Maxim Integrated Products by 135.9% in the 2nd quarter. Clinton Group Inc. now owns 166,217 shares of the semiconductor company’s stock worth $7,463,000 after acquiring an additional 95,742 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Maxim Integrated Products by 653.8% in the 2nd quarter. HighTower Advisors LLC now owns 177,804 shares of the semiconductor company’s stock worth $7,959,000 after acquiring an additional 154,216 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC bought a new stake in shares of Maxim Integrated Products in the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $44.00 price objective on shares of Maxim Integrated Products in a report on Monday, July 17th. BidaskClub upgraded shares of Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Morgan Stanley upped their price target on shares of Maxim Integrated Products from $37.00 to $40.00 and gave the company an “underweight” rating in a report on Monday, July 17th. Maxim Group began coverage on shares of Maxim Integrated Products in a report on Friday, June 16th. They set a “market perform” rating for the company. Finally, Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Maxim Integrated Products in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.29.

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Maxim Integrated Products, Inc. (MXIM) opened at 48.57 on Friday. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 24.53 and a beta of 1.05. The firm has a 50-day moving average of $46.50 and a 200 day moving average of $45.92. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $609.52 million. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that Maxim Integrated Products, Inc. will post $2.34 earnings per share for the current fiscal year.

Maxim Integrated Products announced that its board has authorized a stock repurchase program on Thursday, July 20th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.97%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is 72.36%.

In other news, Director Mary Ann Wright sold 560 shares of Maxim Integrated Products stock in a transaction on Monday, September 11th. The stock was sold at an average price of $46.29, for a total transaction of $25,922.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.50, for a total value of $166,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,943 shares of company stock valued at $6,426,166. Corporate insiders own 1.30% 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 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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