Maxim Integrated Products Inc. (NASDAQ:MXIM) Stake Lifted by FNY Investment Advisers LLC

FNY Investment Advisers LLC raised its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 6,800.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,800 shares of the semiconductor company’s stock after acquiring an additional 13,600 shares during the quarter. FNY Investment Advisers LLC’s holdings in Maxim Integrated Products were worth $733,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MXIM. Bank of New York Mellon Corp boosted its stake in Maxim Integrated Products by 897,788.1% in the third quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock valued at $574,673,000 after acquiring an additional 10,189,895 shares during the last quarter. American International Group Inc. boosted its stake in Maxim Integrated Products by 27,390.1% in the fourth quarter. American International Group Inc. now owns 7,638,121 shares of the semiconductor company’s stock valued at $388,398,000 after acquiring an additional 7,610,336 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Maxim Integrated Products by 8,495.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,356,863 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 3,317,811 shares during the last quarter. Norges Bank bought a new position in Maxim Integrated Products in the fourth quarter valued at approximately $142,906,000. Finally, Northern Trust Corp boosted its stake in Maxim Integrated Products by 51.0% in the fourth quarter. Northern Trust Corp now owns 3,706,020 shares of the semiconductor company’s stock valued at $188,452,000 after acquiring an additional 1,252,400 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Cowen reaffirmed a “market perform” rating and issued a $63.00 price objective (up from $56.00) on shares of Maxim Integrated Products in a research note on Wednesday, May 1st. Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Deutsche Bank raised their price objective on shares of Maxim Integrated Products from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Barclays raised their price objective on shares of Maxim Integrated Products from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $64.00 price objective on shares of Maxim Integrated Products in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and a consensus target price of $61.83.

In related news, VP David Loftus sold 13,614 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $53.81, for a total value of $732,569.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Vivek Jain sold 14,246 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $60.58, for a total transaction of $863,022.68. The disclosure for this sale can be found here. Insiders sold a total of 72,352 shares of company stock worth $4,172,270 over the last ninety days. 0.85% of the stock is currently owned by insiders.

Shares of NASDAQ MXIM opened at $57.10 on Friday. The firm has a market cap of $15.87 billion, a PE ratio of 21.07, a PEG ratio of 2.12 and a beta of 1.35. Maxim Integrated Products Inc. has a twelve month low of $46.64 and a twelve month high of $63.68. The company has a current ratio of 6.46, a quick ratio of 5.77 and a debt-to-equity ratio of 0.60.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $542.38 million for the quarter, compared to analysts’ expectations of $540.17 million. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 40.16%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. As a group, equities analysts anticipate that Maxim Integrated Products Inc. will post 2.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 30th will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.84 annualized dividend and a yield of 3.22%. Maxim Integrated Products’s dividend payout ratio is currently 67.90%.

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About Maxim Integrated Products

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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