Maxim Integrated Products Inc. (NASDAQ:MXIM) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,337,261 shares of the semiconductor company’s stock after selling 81,052 shares during the period. Maxim Integrated Products accounts for 0.6% of American Century Companies Inc.’s holdings, making the stock its 26th largest position. American Century Companies Inc. owned 3.78% of Maxim Integrated Products worth $525,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Plimoth Trust Co. LLC grew its stake in shares of Maxim Integrated Products by 2.5% in the third quarter. Plimoth Trust Co. LLC now owns 7,925 shares of the semiconductor company’s stock worth $446,000 after purchasing an additional 190 shares during the last quarter. CWM LLC raised its holdings in shares of Maxim Integrated Products by 78.0% during the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 262 shares during the period. Stanley Laman Group Ltd. raised its holdings in shares of Maxim Integrated Products by 1.6% during the fourth quarter. Stanley Laman Group Ltd. now owns 16,431 shares of the semiconductor company’s stock valued at $836,000 after purchasing an additional 262 shares during the period. Trust Co. of Vermont raised its holdings in shares of Maxim Integrated Products by 0.5% during the fourth quarter. Trust Co. of Vermont now owns 68,036 shares of the semiconductor company’s stock valued at $3,459,000 after purchasing an additional 319 shares during the period. Finally, ETF Managers Group LLC raised its holdings in shares of Maxim Integrated Products by 19.0% during the fourth quarter. ETF Managers Group LLC now owns 2,224 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 355 shares during the period. Institutional investors own 98.56% of the company’s stock.

Shares of MXIM traded up $0.20 during trading hours on Friday, reaching $59.77. 1,070,106 shares of the company traded hands, compared to its average volume of 1,453,175. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.10 and a beta of 1.31. The company has a current ratio of 6.54, a quick ratio of 5.85 and a debt-to-equity ratio of 0.57. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. The business had revenue of $576.91 million for the quarter, compared to analysts’ expectations of $590.50 million. On average, research analysts forecast that Maxim Integrated Products Inc. will post 2.44 EPS for the current fiscal year.

In other Maxim Integrated Products news, Director Joseph R. Bronson sold 5,000 shares of Maxim Integrated Products stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $54.67, for a total value of $273,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $840,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,316 shares of company stock valued at $4,235,474. 0.85% of the stock is currently owned by corporate insiders.

MXIM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Bank of America cut shares of Maxim Integrated Products from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. Evercore ISI lowered their price objective on shares of Maxim Integrated Products from $60.00 to $55.00 in a research report on Monday, January 14th. BidaskClub upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Finally, Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a research report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $59.67.

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

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