Alps Advisors Inc. lifted its position in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,981 shares of the semiconductor company’s stock after acquiring an additional 1,297 shares during the period. Alps Advisors Inc.’s holdings in Maxim Integrated Products were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Maxim Integrated Products by 16.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 343 shares during the period. Highstreet Asset Management Inc. bought a new stake in shares of Maxim Integrated Products during the 2nd quarter worth approximately $115,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Maxim Integrated Products during the 3rd quarter worth approximately $128,000. Acrospire Investment Management LLC lifted its holdings in shares of Maxim Integrated Products by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,600 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Maxim Integrated Products by 21.1% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 500 shares during the period. 90.94% of the stock is owned by institutional investors.

In related news, VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $46.76, for a total transaction of $163,660.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Grady sold 30,849 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $45.04, for a total transaction of $1,389,438.96. The disclosure for this sale can be found here. Insiders sold 242,447 shares of company stock worth $12,198,614 over the last ninety days. Insiders own 1.11% of the company’s stock.

Maxim Integrated Products, Inc. (NASDAQ MXIM) opened at $53.46 on Tuesday. The stock has a market cap of $15,070.79, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.11 and a beta of 1.11. Maxim Integrated Products, Inc. has a 12 month low of $37.32 and a 12 month high of $55.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. During the same period last year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. analysts predict that Maxim Integrated Products, Inc. will post 2.48 EPS for the current year.

Maxim Integrated Products declared that its board has authorized a share repurchase plan on Thursday, July 20th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is 70.24%.

A number of analysts have recently weighed in on MXIM shares. Drexel Hamilton reaffirmed a “buy” rating and set a $52.00 price target on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Morgan Stanley increased their price objective on shares of Maxim Integrated Products from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Friday, October 20th. Loop Capital reissued a “buy” rating and issued a $53.00 price objective on shares of Maxim Integrated Products in a research note on Thursday, August 31st. Wells Fargo & Company increased their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Finally, KeyCorp increased their price objective on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and an average price target of $52.14.

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About Maxim Integrated Products

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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