TD Asset Management Inc. decreased its holdings in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,668 shares of the semiconductor company’s stock after selling 1,886 shares during the quarter. TD Asset Management Inc.’s holdings in Maxim Integrated Products were worth $652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MXIM. Fiera Capital Corp lifted its position in shares of Maxim Integrated Products by 0.7% during the 2nd quarter. Fiera Capital Corp now owns 15,596 shares of the semiconductor company’s stock worth $700,000 after buying an additional 107 shares in the last quarter. Ropes Wealth Advisors LLC lifted its position in shares of Maxim Integrated Products by 5.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,248 shares of the semiconductor company’s stock worth $191,000 after buying an additional 234 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 buying an additional 343 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Maxim Integrated Products by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after buying an additional 375 shares in the last quarter. Finally, AXA lifted its position in shares of Maxim Integrated Products by 5.6% during the 2nd quarter. AXA now owns 7,583 shares of the semiconductor company’s stock worth $341,000 after buying an additional 400 shares in the last quarter. 90.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Vivek Jain sold 6,793 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $52.18, for a total value of $354,458.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. The disclosure for this sale can be found here. Insiders sold a total of 222,617 shares of company stock valued at $11,573,687 over the last quarter. 1.11% of the stock is owned by company insiders.

Several research firms have commented on MXIM. B. Riley reissued a “neutral” rating and set a $47.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. Morgan Stanley lifted their target price on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday. Drexel Hamilton lifted their target price on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. SunTrust Banks lifted their target price on shares of Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a research report on Friday, October 20th. Finally, Citigroup lifted their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Maxim Integrated Products presently has an average rating of “Hold” and a consensus target price of $52.24.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $51.28 on Friday. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68. The company has a market cap of $14,520.00, a P/E ratio of 22.87, a P/E/G ratio of 2.03 and a beta of 1.10. Maxim Integrated Products, Inc. has a 1-year low of $38.18 and a 1-year 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, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. Maxim Integrated Products’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. analysts expect that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 2.81%. Maxim Integrated Products’s dividend payout ratio is 70.24%.

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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.

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

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