Maxim Integrated Products Inc. (MXIM) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,428 shares of the semiconductor company’s stock after purchasing an additional 3,956 shares during the period. Janus Henderson Group PLC’s holdings in Maxim Integrated Products were worth $24,798,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc lifted its position in Maxim Integrated Products by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock valued at $1,580,346,000 after acquiring an additional 150,909 shares during the period. American International Group Inc. lifted its position in Maxim Integrated Products by 27,390.1% during the 4th 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 period. Geode Capital Management LLC lifted its position in Maxim Integrated Products by 37.6% during the 4th quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock valued at $215,856,000 after acquiring an additional 1,160,574 shares during the period. Northern Trust Corp lifted its position in Maxim Integrated Products by 51.0% during the 4th 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 period. Finally, Oregon Public Employees Retirement Fund lifted its position in Maxim Integrated Products by 8,495.9% during the 4th 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 period. 98.52% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Bruce E. Kiddoo sold 8,062 shares of Maxim Integrated Products stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $55.60, for a total value of $448,247.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David Loftus sold 13,614 shares of Maxim Integrated Products stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $53.81, for a total transaction of $732,569.34. The disclosure for this sale can be found here. Insiders sold 72,352 shares of company stock valued at $4,172,270 over the last ninety days. Corporate insiders own 0.85% of the company’s stock.

A number of brokerages recently issued reports on MXIM. ValuEngine cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. MKM Partners lifted their price target on shares of Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Deutsche Bank lifted their price target on shares of 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, Barclays lifted their price target on shares of Maxim Integrated Products from $58.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. Maxim Integrated Products presently has a consensus rating of “Hold” and an average price target of $61.83.

Shares of Maxim Integrated Products stock opened at $53.42 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.46 and a quick ratio of 5.77. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.00 and a beta of 1.35. Maxim Integrated Products Inc. has a 52-week low of $46.64 and a 52-week high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $542.38 million during 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 revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. As a group, research analysts predict that Maxim Integrated Products Inc. will post 2.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $1.84 annualized dividend and a yield of 3.44%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

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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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