Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 819,155 shares of the semiconductor company’s stock after purchasing an additional 38,119 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of Maxim Integrated Products worth $39,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Maxim Integrated Products by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock valued at $656,409,000 after purchasing an additional 3,164,871 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Maxim Integrated Products by 14.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 180,351 shares of the semiconductor company’s stock valued at $8,207,000 after purchasing an additional 22,310 shares during the last quarter. Sigma Planning Corp boosted its stake in Maxim Integrated Products by 10.5% during the 3rd quarter. Sigma Planning Corp now owns 19,129 shares of the semiconductor company’s stock valued at $913,000 after purchasing an additional 1,810 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Maxim Integrated Products by 6.7% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 203,754 shares of the semiconductor company’s stock valued at $9,721,000 after purchasing an additional 12,830 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in Maxim Integrated Products by 243.5% during the 3rd quarter. Toronto Dominion Bank now owns 11,932 shares of the semiconductor company’s stock valued at $569,000 after purchasing an additional 8,458 shares during the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.

Several brokerages have commented on MXIM. B. Riley reiterated a “neutral” rating and set a $47.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Drexel Hamilton increased their target price on Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 20th. SunTrust Banks, Inc. increased their target price on Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a research note on Friday, October 20th. Citigroup Inc. increased their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. Maxim Integrated Products presently has an average rating of “Hold” and an average target price of $52.14.

In other news, CEO Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $55.00, for a total value of $770,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Vivek Jain sold 6,793 shares of Maxim Integrated Products stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $52.18, for a total value of $354,458.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 233,266 shares of company stock worth $11,797,563. Insiders own 1.11% of the company’s stock.

Shares of Maxim Integrated Products, Inc. (MXIM) opened at $54.21 on Wednesday. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15,166.50, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11. Maxim Integrated Products, Inc. has a twelve month low of $37.32 and a twelve month high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. equities research analysts predict that Maxim Integrated Products, Inc. will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 2.66%. Maxim Integrated Products’s dividend payout ratio is presently 70.24%.

ILLEGAL ACTIVITY WARNING: “Maxim Integrated Products, Inc. (MXIM) Holdings Increased by Sumitomo Mitsui Trust Holdings Inc.” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/maxim-integrated-products-inc-mxim-holdings-increased-by-sumitomo-mitsui-trust-holdings-inc/1719553.html.

Maxim Integrated Products 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.

Want to see what other hedge funds are holding MXIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxim Integrated Products, Inc. (NASDAQ:MXIM).

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

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.