Sowell Financial Services LLC raised its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,746 shares of the semiconductor company’s stock after purchasing an additional 676 shares during the period. Sowell Financial Services LLC’s holdings in Maxim Integrated Products were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Plimoth Trust Co. LLC grew its stake in Maxim Integrated Products by 2.5% during the 3rd quarter. Plimoth Trust Co. LLC now owns 7,925 shares of the semiconductor company’s stock worth $446,000 after buying an additional 190 shares during the last quarter. CWM LLC grew its stake in Maxim Integrated Products by 78.0% during the 4th 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 last quarter. Stanley Laman Group Ltd. grew its stake in Maxim Integrated Products by 1.6% during the 4th 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 last quarter. Trust Co. of Vermont grew its stake in Maxim Integrated Products by 0.5% during the 4th 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 last quarter. Finally, ETF Managers Group LLC grew its stake in Maxim Integrated Products by 19.0% during the 4th 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 last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.
In other Maxim Integrated Products news, CFO Bruce E. Kiddoo sold 8,062 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $55.60, for a total value of $448,247.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tunc Doluca sold 2,500 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $54.96, for a total value of $137,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,316 shares of company stock worth $4,235,474. Insiders own 0.85% of the company’s stock.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $576.91 million during the quarter, compared to analysts’ expectations of $590.50 million. Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. Equities research analysts predict that Maxim Integrated Products Inc. will post 2.44 EPS for the current fiscal year.
Several analysts have weighed in on MXIM shares. Evercore ISI dropped their price target on Maxim Integrated Products from $60.00 to $55.00 in a research note on Monday, January 14th. BidaskClub cut Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Cowen started coverage on Maxim Integrated Products in a report on Friday, February 22nd. They issued a “market perform” rating and a $56.00 price objective for the company. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a report on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.67.
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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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