Ladenburg Thalmann Financial Services Inc. Raises Stake in Maxim Integrated Products, Inc. (MXIM)

Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 18.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,371 shares of the semiconductor company’s stock after purchasing an additional 973 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Maxim Integrated Products were worth $305,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in 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 valued at $100,403,000 after acquiring an additional 1,852,730 shares in the last quarter. Aberdeen Asset Management PLC UK raised its holdings in Maxim Integrated Products by 1,402.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock valued at $16,307,000 after acquiring an additional 339,024 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Maxim Integrated Products by 9.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock valued at $8,572,000 after acquiring an additional 16,744 shares in the last quarter. Shelton Capital Management raised its holdings in Maxim Integrated Products by 24.6% in the second quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock valued at $958,000 after acquiring an additional 4,218 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in Maxim Integrated Products in the third quarter valued at approximately $6,879,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Maxim Integrated Products, Inc. (MXIM) opened at $52.83 on Friday. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. Maxim Integrated Products, Inc. has a 1-year low of $38.18 and a 1-year high of $55.43. The firm has a market cap of $14,830.00, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 2.73%. Maxim Integrated Products’s payout ratio is currently 70.24%.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Morgan Stanley raised their target price on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Citigroup raised their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. SunTrust Banks raised their target price on shares of Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a report on Friday, October 20th. Finally, BMO Capital Markets raised their target price on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Maxim Integrated Products has a consensus rating of “Hold” and a consensus target price of $52.24.

In other news, VP Vivek Jain sold 6,793 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $52.18, for a total transaction of $354,458.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tunc Doluca sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $52.16, for a total transaction of $1,564,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 224,617 shares of company stock worth $11,679,687. 1.11% of the stock is owned by corporate insiders.

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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.

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

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