Cullinan Associates Inc. Has $13.25 Million Holdings in Maxim Integrated Products, Inc. (NASDAQ:MXIM)


Share on StockTwits

Cullinan Associates Inc. lessened its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 4.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 145,020 shares of the semiconductor company’s stock after selling 7,400 shares during the period. Maxim Integrated Products makes up about 0.8% of Cullinan Associates Inc.’s holdings, making the stock its 27th largest position. Cullinan Associates Inc. owned 0.05% of Maxim Integrated Products worth $13,250,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Montag A & Associates Inc. bought a new stake in Maxim Integrated Products during the fourth quarter worth $25,000. Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Maxim Integrated Products in the fourth quarter valued at $25,000. Arkadios Wealth Advisors bought a new stake in shares of Maxim Integrated Products in the fourth quarter valued at $27,000. CX Institutional raised its stake in shares of Maxim Integrated Products by 50.6% in the fourth quarter. CX Institutional now owns 363 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 122 shares during the period. Finally, Veriti Management LLC purchased a new position in shares of Maxim Integrated Products in the fourth quarter valued at $45,000. 85.96% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:MXIM traded down $0.16 during mid-day trading on Thursday, reaching $94.71. 9,806 shares of the company were exchanged, compared to its average volume of 2,211,508. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.28 and a quick ratio of 4.69. The firm has a market cap of $25.39 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 3.38 and a beta of 1.27. The firm’s 50-day simple moving average is $91.78 and its 200 day simple moving average is $86.63. Maxim Integrated Products, Inc. has a 1 year low of $50.76 and a 1 year high of $98.44.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Monday, January 25th. The semiconductor company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The firm had revenue of $628.29 million during the quarter, compared to analysts’ expectations of $605.51 million. Maxim Integrated Products had a net margin of 30.03% and a return on equity of 39.85%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. On average, research analysts forecast that Maxim Integrated Products, Inc. will post 2.82 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Barclays lifted their price target on Maxim Integrated Products from $74.00 to $95.00 in a research note on Tuesday, January 26th. Deutsche Bank Aktiengesellschaft increased their price target on Maxim Integrated Products from $95.00 to $101.00 and gave the company a “buy” rating in a report on Monday, January 25th. Zacks Investment Research cut Maxim Integrated Products from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Tuesday, February 16th. Finally, Royal Bank of Canada raised their target price on Maxim Integrated Products from $73.00 to $97.00 in a report on Wednesday, January 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $76.86.

In related news, CEO Tunc Doluca sold 14,000 shares of the stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $93.91, for a total value of $1,314,740.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jon Imperato sold 1,251 shares of the stock in a transaction on Friday, February 19th. The shares were sold at an average price of $97.74, for a total transaction of $122,272.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,908 shares of company stock worth $1,588,463. 0.57% of the stock is owned by company insiders.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally. The company also provides various high-frequency process technologies and capabilities used in custom designs.

Featured Article: Buy-Side Analysts

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.