Maxim Integrated Products, Inc. (MXIM) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 116.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,573 shares of the semiconductor company’s stock after buying an additional 2,459 shares during the period. Tower Research Capital LLC TRC’s holdings in Maxim Integrated Products were worth $206,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MXIM. Duncker Streett & Co. Inc. increased its position in Maxim Integrated Products by 57.8% in the first quarter. Duncker Streett & Co. Inc. now owns 2,374 shares of the semiconductor company’s stock worth $107,000 after buying an additional 870 shares in the last quarter. TrimTabs Asset Management LLC increased its position in Maxim Integrated Products by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,854 shares of the semiconductor company’s stock worth $128,000 after buying an additional 1,344 shares in the last quarter. Toronto Dominion Bank increased its position in Maxim Integrated Products by 26.1% in the first quarter. Toronto Dominion Bank now owns 3,099 shares of the semiconductor company’s stock worth $139,000 after buying an additional 642 shares in the last quarter. WFG Advisors LP increased its position in Maxim Integrated Products by 119.5% in the fourth quarter. WFG Advisors LP now owns 3,854 shares of the semiconductor company’s stock worth $221,000 after buying an additional 2,098 shares in the last quarter. Finally, Tompkins Financial Corp increased its position in Maxim Integrated Products by 31.3% in the first quarter. Tompkins Financial Corp now owns 3,962 shares of the semiconductor company’s stock worth $146,000 after buying an additional 944 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Maxim Integrated Products, Inc. (NASDAQ MXIM) traded down 0.81% during mid-day trading on Monday, reaching $45.55. The company had a trading volume of 439,473 shares. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 26.18 and a beta of 1.02. The company’s 50 day moving average is $46.85 and its 200 day moving average is $44.04. Maxim Integrated Products, Inc. has a 52-week low of $33.38 and a 52-week high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $581 million for the quarter, compared to the consensus estimate of $575.83 million. Maxim Integrated Products had a return on equity of 26.73% and a net margin of 22.16%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. Equities analysts predict that Maxim Integrated Products, Inc. will post $2.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Tuesday, May 30th. Maxim Integrated Products’s payout ratio is 75.86%.

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A number of research analysts have commented on the company. B. Riley reaffirmed a “neutral” rating and set a $44.00 target price on shares of Maxim Integrated Products in a report on Friday, April 21st. Zacks Investment Research downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub raised Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Maxim Group assumed coverage on Maxim Integrated Products in a report on Friday, June 16th. They set a “market perform” rating on the stock. Finally, Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Maxim Integrated Products in a report on Friday, June 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $47.39.

In other Maxim Integrated Products news, VP Vivek Jain sold 616 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $46.85, for a total transaction of $28,859.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher J. Neil sold 51,000 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $44.24, for a total value of $2,256,240.00. The disclosure for this sale can be found here. Insiders have sold 250,548 shares of company stock worth $11,544,456 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

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

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