Livforsakringsbolaget Skandia Omsesidigt maintained its stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) during the second quarter, Holdings Channel reports. The firm owned 5,418 shares of the semiconductor company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Maxim Integrated Products were worth $243,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Campbell Newman Asset Management Inc. purchased a new position in Maxim Integrated Products during the first quarter worth about $10,171,000. National Pension Service raised its position in Maxim Integrated Products by 1.7% in the first quarter. National Pension Service now owns 271,863 shares of the semiconductor company’s stock worth $12,212,000 after buying an additional 4,599 shares during the period. Gulf International Bank UK Ltd raised its position in Maxim Integrated Products by 4.8% in the first quarter. Gulf International Bank UK Ltd now owns 88,184 shares of the semiconductor company’s stock worth $3,964,000 after buying an additional 4,000 shares during the period. Weaver C. Barksdale & Associates Inc. raised its position in Maxim Integrated Products by 27.8% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 31,411 shares of the semiconductor company’s stock worth $1,412,000 after buying an additional 6,825 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Maxim Integrated Products during the fourth quarter worth about $1,656,000. Institutional investors and hedge funds own 89.40% of the company’s stock.

Shares of Maxim Integrated Products, Inc. (MXIM) opened at 47.10 on Monday. Maxim Integrated Products, Inc. has a 52-week low of $37.25 and a 52-week high of $49.70. The company has a market cap of $13.31 billion, a P/E ratio of 27.07 and a beta of 1.04. The stock’s 50 day moving average price is $46.83 and its 200-day moving average price is $44.29.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $581 million during the quarter, compared to analyst estimates of $575.83 million. Maxim Integrated Products had a return on equity of 26.73% and a net margin of 22.16%. Maxim Integrated Products’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. Equities analysts expect that Maxim Integrated Products, Inc. will post $2.12 EPS for the current year.

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A number of research analysts have issued reports on the stock. B. Riley restated a “neutral” rating and issued a $44.00 target price on shares of Maxim Integrated Products in a report on Friday, April 21st. BidaskClub downgraded shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $44.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $47.00 price objective (up previously from $45.00) on shares of Maxim Integrated Products in a research note on Monday, April 24th. Finally, Maxim Group initiated coverage on shares of Maxim Integrated Products in a research note on Friday, June 16th. They set a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $47.39.

In related news, VP Vivek Jain sold 616 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $46.85, for a total value of $28,859.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Neil sold 51,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $44.24, for a total value of $2,256,240.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,548 shares of company stock valued at $11,148,556. 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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