113,349 Shares in Maxim Integrated Products Inc. (NASDAQ:MXIM) Purchased by W.E. Donoghue & Co. LLC

W.E. Donoghue & Co. LLC acquired a new position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 113,349 shares of the semiconductor company’s stock, valued at approximately $6,781,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ETF Managers Group LLC grew its position in Maxim Integrated Products by 8.5% in the 1st quarter. ETF Managers Group LLC now owns 2,414 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 190 shares during the last quarter. Valley National Advisers Inc. grew its position in Maxim Integrated Products by 1.2% in the 1st quarter. Valley National Advisers Inc. now owns 17,053 shares of the semiconductor company’s stock worth $907,000 after purchasing an additional 197 shares during the last quarter. CWM LLC grew its position in Maxim Integrated Products by 38.5% in the 1st quarter. CWM LLC now owns 828 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 230 shares during the last quarter. O Shares Investment Advisers LLC grew its position in Maxim Integrated Products by 1.6% in the 1st quarter. O Shares Investment Advisers LLC now owns 17,564 shares of the semiconductor company’s stock worth $934,000 after purchasing an additional 274 shares during the last quarter. Finally, First Personal Financial Services grew its position in Maxim Integrated Products by 76.9% in the 1st quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

NASDAQ:MXIM traded down $0.95 during trading hours on Friday, reaching $56.06. 96,020 shares of the company’s stock were exchanged, compared to its average volume of 1,126,697. The stock has a market cap of $17.53 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.07 and a beta of 1.42. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $65.73. 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 50-day moving average price of $60.59.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.57. The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $559.97 million. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 40.16%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. On average, sell-side analysts forecast that Maxim Integrated Products Inc. will post 2.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 29th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.42%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, August 28th. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 75.72%.

MXIM has been the subject of several recent analyst reports. Bank of America restated a “neutral” rating and issued a $67.00 target price (up previously from $60.00) on shares of Maxim Integrated Products in a research report on Wednesday, May 1st. Maxim Group reiterated a “buy” rating and issued a $70.00 price objective on shares of Maxim Integrated Products in a report on Wednesday, May 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $64.00 price objective on shares of Maxim Integrated Products in a report on Tuesday, April 30th. Benchmark started coverage on shares of Maxim Integrated Products in a report on Thursday. They issued a “hold” rating for the company. Finally, Stifel Nicolaus set a $61.00 price objective on shares of Maxim Integrated Products and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and an average target price of $61.75.

In related news, CEO Tunc Doluca sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $54.00, for a total value of $135,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bruce E. Kiddoo sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $58.52, for a total transaction of $292,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,000 shares of company stock valued at $1,118,220. 0.85% of the stock is owned by insiders.

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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