Tower Research Capital LLC TRC Purchases Shares of 9,847 Maxim Integrated Products Inc. (MXIM)
Tower Research Capital LLC TRC purchased a new stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,847 shares of the semiconductor company’s stock, valued at approximately $578,000.
Other large investors also recently made changes to their positions in the company. Prudential Financial Inc. grew its stake in Maxim Integrated Products by 15.7% in the 1st quarter. Prudential Financial Inc. now owns 43,785 shares of the semiconductor company’s stock worth $2,637,000 after acquiring an additional 5,951 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Maxim Integrated Products by 13.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,928 shares of the semiconductor company’s stock worth $650,000 after acquiring an additional 1,308 shares in the last quarter. Glen Harbor Capital Management LLC bought a new position in Maxim Integrated Products in the 1st quarter worth about $705,000. BlackRock Inc. grew its stake in Maxim Integrated Products by 7.2% in the 1st quarter. BlackRock Inc. now owns 22,870,414 shares of the semiconductor company’s stock worth $1,377,257,000 after acquiring an additional 1,529,058 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its stake in Maxim Integrated Products by 1.6% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 91,065 shares of the semiconductor company’s stock worth $5,484,000 after acquiring an additional 1,402 shares in the last quarter. Hedge funds and other institutional investors own 90.69% of the company’s stock.
A number of equities analysts have commented on MXIM shares. BidaskClub downgraded shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a research note on Thursday, June 14th. Loop Capital started coverage on shares of Maxim Integrated Products in a research note on Friday, June 22nd. They issued a “buy” rating and a $70.00 target price on the stock. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Finally, KeyCorp upped their target price on shares of Maxim Integrated Products from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Fifteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and a consensus price target of $61.06.
NASDAQ MXIM opened at $59.52 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.67 and a current ratio of 4.03. Maxim Integrated Products Inc. has a 52-week low of $46.05 and a 52-week high of $74.94. The company has a market cap of $16.55 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.64 and a beta of 1.19.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 38.37%. The firm had revenue of $633.10 million for the quarter, compared to the consensus estimate of $630.39 million. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. equities analysts predict that Maxim Integrated Products Inc. will post 3.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were paid a dividend of $0.46 per share. The ex-dividend date was Wednesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.09%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 67.90%.
Maxim Integrated Products Company Profile
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the 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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