KAMES CAPITAL plc lessened its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 441,386 shares of the semiconductor company’s stock after selling 78,069 shares during the quarter. KAMES CAPITAL plc owned approximately 0.16% of Maxim Integrated Products worth $23,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MXIM. IMS Capital Management purchased a new position in shares of Maxim Integrated Products during the 3rd quarter worth $28,000. CWM LLC lifted its stake in shares of Maxim Integrated Products by 78.0% during the 4th quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 262 shares in the last quarter. TCI Wealth Advisors Inc. lifted its stake in shares of Maxim Integrated Products by 311.8% during the 4th quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 580 shares in the last quarter. Sun Life Financial INC purchased a new position in shares of Maxim Integrated Products during the 4th quarter valued at $39,000. Finally, Guardian Life Insurance Co. of America purchased a new position in shares of Maxim Integrated Products during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 98.56% of the company’s stock.

In other news, Director James R. Bergman sold 14,210 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $56.46, for a total value of $802,296.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tunc Doluca sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $57.00, for a total transaction of $570,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,880 shares of company stock worth $3,476,301. Insiders own 0.85% of the company’s stock.

NASDAQ MXIM traded up $0.44 on Wednesday, reaching $57.69. The company had a trading volume of 14,034 shares, compared to its average volume of 2,122,265. The company has a debt-to-equity ratio of 0.57, a quick ratio of 5.85 and a current ratio of 6.54. The company has a market cap of $15.84 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.00 and a beta of 1.31. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. The business had revenue of $576.91 million during the quarter, compared to the consensus estimate of $590.50 million. As a group, analysts forecast that Maxim Integrated Products Inc. will post 2.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.19%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

A number of research analysts recently weighed in on MXIM shares. Evercore ISI lowered their target price on shares of Maxim Integrated Products from $60.00 to $55.00 in a research note on Monday, January 14th. Bank of America cut shares of Maxim Integrated Products from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a research note on Wednesday, January 30th. Cowen started coverage on shares of Maxim Integrated Products in a research note on Friday, February 22nd. They set a “market perform” rating and a $56.00 target price on the stock. Finally, BidaskClub cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Maxim Integrated Products presently has a consensus rating of “Hold” and an average target price of $59.67.

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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, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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