Maxim Integrated Products Inc. (MXIM) Position Raised by Moneta Group Investment Advisors LLC

Moneta Group Investment Advisors LLC increased its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 32.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,405 shares of the semiconductor company’s stock after purchasing an additional 1,587 shares during the period. Moneta Group Investment Advisors LLC’s holdings in Maxim Integrated Products were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MXIM. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Maxim Integrated Products by 4.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,719 shares of the semiconductor company’s stock worth $2,861,000 after purchasing an additional 2,306 shares during the last quarter. Aperio Group LLC increased its position in Maxim Integrated Products by 3.3% during the fourth quarter. Aperio Group LLC now owns 90,367 shares of the semiconductor company’s stock worth $4,724,000 after purchasing an additional 2,903 shares during the last quarter. US Bancorp DE increased its position in Maxim Integrated Products by 64.4% during the fourth quarter. US Bancorp DE now owns 111,921 shares of the semiconductor company’s stock worth $5,852,000 after purchasing an additional 43,841 shares during the last quarter. Teacher Retirement System of Texas increased its position in Maxim Integrated Products by 872.0% during the fourth quarter. Teacher Retirement System of Texas now owns 185,508 shares of the semiconductor company’s stock worth $9,698,000 after purchasing an additional 166,423 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Maxim Integrated Products by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 712,399 shares of the semiconductor company’s stock worth $37,244,000 after purchasing an additional 4,930 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Shares of MXIM opened at $61.39 on Thursday. Maxim Integrated Products Inc. has a 1-year low of $43.42 and a 1-year high of $74.94. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.23 and a beta of 1.19. The company has a quick ratio of 3.82, a current ratio of 4.16 and a debt-to-equity ratio of 0.51.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Maxim Integrated Products had a net margin of 17.82% and a return on equity of 35.78%. The business had revenue of $648.60 million during the quarter, compared to analysts’ expectations of $640.50 million. During the same period last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts predict that Maxim Integrated Products Inc. will post 2.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 31st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Wednesday, May 30th. Maxim Integrated Products’s payout ratio is 79.25%.

In other news, VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $57.96, for a total value of $202,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tunc Doluca sold 29,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $58.29, for a total transaction of $1,690,410.00. Following the completion of the transaction, the chief executive officer now directly owns 147,052 shares of the company’s stock, valued at approximately $8,571,661.08. The disclosure for this sale can be found here. In the last three months, insiders sold 62,755 shares of company stock valued at $3,617,434. Insiders own 1.11% of the company’s stock.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub upgraded shares of Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Monday, April 30th. Citigroup cut their price objective on shares of Maxim Integrated Products from $59.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, April 30th. Finally, Macquarie cut shares of Maxim Integrated Products from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $62.00 to $64.00 in a research report on Wednesday, February 28th. Twelve equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $57.38.

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, 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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