Tiaa Fsb Decreases Stake in Maxim Integrated Products Inc. (NASDAQ:MXIM)

TIAA FSB reduced its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,671 shares of the semiconductor company’s stock after selling 1,118 shares during the period. TIAA FSB’s holdings in Maxim Integrated Products were worth $567,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MXIM. CWM LLC raised its holdings in shares of Maxim Integrated Products by 78.0% during the 4th quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 262 shares in the last quarter. Stanley Laman Group Ltd. increased its position in shares of 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 increased its position in shares of 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. ETF Managers Group LLC increased its position in shares of 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. Finally, Global Retirement Partners LLC increased its position in shares of Maxim Integrated Products by 66.8% during the 4th quarter. Global Retirement Partners LLC now owns 899 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 360 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MXIM stock traded down $0.14 during mid-day trading on Friday, hitting $56.96. The stock had a trading volume of 1,724,894 shares, compared to its average volume of 1,568,627. Maxim Integrated Products Inc. has a 12-month low of $46.64 and a 12-month high of $63.68. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.00 and a beta of 1.35. 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 issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $542.38 million during the quarter, compared to analysts’ expectations of $540.17 million. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. Research analysts predict that Maxim Integrated Products Inc. will post 2.44 EPS 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 paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Wednesday, May 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 67.90%.

In other Maxim Integrated Products news, VP Vivek Jain sold 14,246 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $60.58, for a total value of $863,022.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tunc Doluca sold 2,500 shares of the stock in a transaction dated 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. Insiders have sold a total of 72,352 shares of company stock valued at $4,172,270 over the last 90 days. 0.85% of the stock is currently owned by company insiders.

MXIM has been the topic of several analyst reports. Evercore ISI cut their target price on Maxim Integrated Products from $60.00 to $55.00 in a research report on Monday, January 14th. BidaskClub raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Maxim Group reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Maxim Integrated Products in a research report on Wednesday, May 1st. Deutsche Bank upped their price objective on Maxim Integrated Products from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, ValuEngine raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $61.83.

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

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