KBC Group NV Trims Holdings in Maxim Integrated Products, Inc. (MXIM)

KBC Group NV trimmed its position in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 33.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,652 shares of the semiconductor company’s stock after selling 21,185 shares during the period. KBC Group NV’s holdings in Maxim Integrated Products were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of Maxim Integrated Products by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after acquiring an additional 3,164,871 shares during the period. BlackRock Inc. boosted its holdings in shares of Maxim Integrated Products by 13.4% in the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after acquiring an additional 2,358,743 shares during the period. American Century Companies Inc. boosted its holdings in shares of Maxim Integrated Products by 17.2% in the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after acquiring an additional 2,087,911 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Maxim Integrated Products by 483.2% in the second quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after acquiring an additional 1,852,730 shares during the period. Finally, Artisan Partners Limited Partnership bought a new position in shares of Maxim Integrated Products in the second quarter worth $73,792,000. 90.48% of the stock is owned by institutional investors and hedge funds.

In other Maxim Integrated Products news, VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $47.50, for a total transaction of $166,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William D. Watkins sold 19,650 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total value of $1,011,778.50. The disclosure for this sale can be found here. Insiders have sold 222,617 shares of company stock worth $11,573,687 in the last 90 days. Company insiders own 1.11% of the company’s stock.

Shares of Maxim Integrated Products, Inc. (MXIM) opened at $51.89 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. Maxim Integrated Products, Inc. has a 12-month low of $38.18 and a 12-month high of $55.43. The stock has a market capitalization of $14,606.36, a price-to-earnings ratio of 23.06, a P/E/G ratio of 2.05 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The company had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. analysts expect that Maxim Integrated Products, Inc. will post 2.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 2.78%. Maxim Integrated Products’s payout ratio is 70.24%.

A number of equities analysts have recently commented on MXIM shares. Loop Capital reaffirmed a “buy” rating and issued a $43.00 price target on shares of Maxim Integrated Products in a report on Tuesday, August 22nd. B. Riley reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Drexel Hamilton reaffirmed a “buy” rating and issued a $52.00 price target on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Maxim Group reaffirmed a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday, September 6th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price target on shares of Maxim Integrated Products in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and an average target price of $52.14.

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About Maxim Integrated Products

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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