Mn Services Vermogensbeheer B.V. increased its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 1.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 154,227 shares of the semiconductor company’s stock after purchasing an additional 1,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Maxim Integrated Products were worth $8,200,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MXIM. Nissay Asset Management Corp Japan ADV grew its stake in shares of Maxim Integrated Products by 3.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 26,521 shares of the semiconductor company’s stock valued at $1,410,000 after buying an additional 952 shares during the last quarter. Goelzer Investment Management Inc. grew its stake in shares of Maxim Integrated Products by 4.0% during the first quarter. Goelzer Investment Management Inc. now owns 121,874 shares of the semiconductor company’s stock valued at $6,480,000 after buying an additional 4,647 shares during the last quarter. Carillon Tower Advisers Inc. grew its stake in shares of Maxim Integrated Products by 10.0% during the first quarter. Carillon Tower Advisers Inc. now owns 963,671 shares of the semiconductor company’s stock valued at $51,238,000 after buying an additional 87,964 shares during the last quarter. Boston Partners grew its stake in shares of Maxim Integrated Products by 1.3% during the first quarter. Boston Partners now owns 47,795 shares of the semiconductor company’s stock valued at $2,541,000 after buying an additional 619 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Maxim Integrated Products during the first quarter valued at approximately $359,000. Institutional investors own 98.20% of the company’s stock.

Shares of NASDAQ:MXIM opened at $54.10 on Wednesday. Maxim Integrated Products Inc. has a 52-week low of $46.64 and a 52-week high of $63.68. The company has a market capitalization of $14.60 billion, a P/E ratio of 19.96, a PEG ratio of 1.87 and a beta of 1.35. The company has a current ratio of 6.46, a quick ratio of 5.77 and a debt-to-equity ratio of 0.60.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The company had revenue of $542.38 million for the quarter, compared to analysts’ expectations of $540.17 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Maxim Integrated Products’s revenue was down 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Maxim Integrated Products Inc. will post 2.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, May 29th. This represents a $1.84 annualized dividend and a yield of 3.40%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

A number of research analysts have recently commented on MXIM shares. Maxim Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, May 1st. BidaskClub cut Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Cowen started coverage on Maxim Integrated Products in a research note on Friday, February 22nd. They set a “market perform” rating and a $56.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $64.00 target price on shares of Maxim Integrated Products in a research note on Tuesday, April 30th. Finally, ValuEngine raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.83.

In other Maxim Integrated Products news, CFO Bruce E. Kiddoo sold 8,062 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $55.60, for a total transaction of $448,247.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tunc Doluca sold 2,500 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $54.96, for a total value of $137,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,352 shares of company stock worth $4,172,270 in the last ninety days. Insiders own 0.85% of the company’s stock.

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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, 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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Want to see what other hedge funds are holding MXIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxim Integrated Products Inc. (NASDAQ:MXIM).

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

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