Quantbot Technologies LP reduced its position in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 62.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,173 shares of the semiconductor company’s stock after selling 50,406 shares during the period. Quantbot Technologies LP’s holdings in Maxim Integrated Products were worth $1,439,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Maxim Integrated Products by 13.4% in the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after buying an additional 2,358,743 shares during the period. American Century Companies Inc. increased its position in Maxim Integrated Products by 17.2% in the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after buying an additional 2,087,911 shares during the period. Bank of New York Mellon Corp increased its position in Maxim Integrated Products by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after buying an additional 3,164,871 shares during the period. Wells Fargo & Company MN increased its position in Maxim Integrated Products by 1.0% in the second quarter. Wells Fargo & Company MN now owns 6,521,747 shares of the semiconductor company’s stock worth $292,827,000 after buying an additional 63,877 shares during the period. Finally, State Street Corp increased its position in Maxim Integrated Products by 0.5% in the second quarter. State Street Corp now owns 6,384,084 shares of the semiconductor company’s stock worth $286,644,000 after buying an additional 28,762 shares during the period. 90.21% of the stock is currently owned by institutional investors and hedge funds.

Maxim Integrated Products, Inc. (NASDAQ MXIM) opened at $53.51 on Monday. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. Maxim Integrated Products, Inc. has a 52 week low of $37.32 and a 52 week high of $55.43. The firm has a market capitalization of $15,062.35, a PE ratio of 23.78, a P/E/G ratio of 2.10 and a beta of 1.11.

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

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

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In related news, Director Robert Edward Grady sold 30,849 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $45.04, for a total value of $1,389,438.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Vivek Jain sold 1,793 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $53.28, for a total value of $95,531.04. The disclosure for this sale can be found here. Insiders sold a total of 232,706 shares of company stock valued at $11,767,441 in the last quarter. 1.11% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on MXIM shares. Loop Capital reaffirmed a “buy” rating and issued a $43.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, August 22nd. Stifel Nicolaus increased their target price on Maxim Integrated Products from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Credit Suisse Group increased their target price on Maxim Integrated Products from $46.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Maxim Group reissued a “buy” rating on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $52.00 price target on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and an average target price of $52.14.

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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