Nomura Asset Management Co. Ltd. lifted its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 21.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,193 shares of the semiconductor company’s stock after purchasing an additional 28,092 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Maxim Integrated Products worth $9,338,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new stake in Maxim Integrated Products in the first quarter worth about $106,000. Kiley Juergens Wealth Management LLC purchased a new stake in Maxim Integrated Products in the second quarter worth about $117,000. Dynamic Technology Lab Private Ltd purchased a new stake in Maxim Integrated Products in the first quarter worth about $205,000. Cigna Investments Inc. New purchased a new stake in Maxim Integrated Products in the first quarter worth about $209,000. Finally, Hilltop Holdings Inc. purchased a new stake in Maxim Integrated Products in the first quarter worth about $218,000. Institutional investors own 91.21% of the company’s stock.

Several brokerages have commented on MXIM. BidaskClub lowered shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Monday, April 30th. MKM Partners raised their target price on shares of Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, July 27th. Finally, Loop Capital assumed coverage on shares of Maxim Integrated Products in a research note on Friday, June 22nd. They set a “buy” rating and a $70.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.61.

Shares of NASDAQ MXIM opened at $61.38 on Friday. Maxim Integrated Products Inc. has a fifty-two week low of $43.42 and a fifty-two week high of $74.94. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The company has a quick ratio of 3.82, a current ratio of 4.16 and a debt-to-equity ratio of 0.51.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. The business had revenue of $633.10 million during the quarter, compared to the consensus estimate of $630.39 million. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 37.83%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. sell-side analysts anticipate that Maxim Integrated Products Inc. will post 3.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 30th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $1.84 annualized dividend and a dividend yield of 3.00%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.42. Maxim Integrated Products’s dividend payout ratio (DPR) is 61.99%.

In related news, Director Mary Ann Wright sold 440 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $57.51, for a total transaction of $25,304.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bruce E. Kiddoo sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $63.00, for a total transaction of $1,575,000.00. The disclosure for this sale can be found here. Insiders have sold 47,755 shares of company stock valued at $2,920,529 in the last three months. 1.11% of the stock is owned by insiders.

About Maxim Integrated Products

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 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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