Banco de Sabadell S.A Acquires New Position in Maxim Integrated Products Inc. (MXIM)

Banco de Sabadell S.A acquired a new position in Maxim Integrated Products Inc. (NASDAQ:MXIM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,590 shares of the semiconductor company’s stock, valued at approximately $1,087,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in shares of Maxim Integrated Products by 15.7% in the first quarter. Prudential Financial Inc. now owns 43,785 shares of the semiconductor company’s stock worth $2,637,000 after buying an additional 5,951 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of Maxim Integrated Products by 10.5% in the first quarter. State of Wisconsin Investment Board now owns 329,336 shares of the semiconductor company’s stock worth $19,833,000 after buying an additional 31,180 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Maxim Integrated Products by 6.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,314,605 shares of the semiconductor company’s stock worth $79,166,000 after buying an additional 83,816 shares in the last quarter. Aperio Group LLC lifted its position in shares of Maxim Integrated Products by 30.7% in the first quarter. Aperio Group LLC now owns 118,110 shares of the semiconductor company’s stock worth $7,113,000 after buying an additional 27,743 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Maxim Integrated Products by 120.5% in the first quarter. Thrivent Financial for Lutherans now owns 167,550 shares of the semiconductor company’s stock worth $10,090,000 after buying an additional 91,570 shares in the last quarter. 90.72% of the stock is owned by hedge funds and other institutional investors.

Shares of MXIM stock opened at $57.72 on Friday. Maxim Integrated Products Inc. has a 1 year low of $45.79 and a 1 year high of $74.94. The company has a current ratio of 4.03, a quick ratio of 3.67 and a debt-to-equity ratio of 0.51. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 1.66 and a beta of 1.19.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Maxim Integrated Products had a return on equity of 38.37% and a net margin of 18.84%. The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $630.39 million. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts anticipate that Maxim Integrated Products Inc. will post 3.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.19%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, August 29th. Maxim Integrated Products’s dividend payout ratio is presently 67.90%.

In other news, Director Mary Ann Wright sold 440 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $60.43, for a total value of $26,589.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $63.00, for a total value of $1,575,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,379 shares of company stock worth $3,473,981. Company insiders own 1.11% of the company’s stock.

A number of equities research analysts recently commented on MXIM shares. Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research report on Thursday, June 14th. Stifel Nicolaus downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $65.00 in a research report on Wednesday. ValuEngine downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Loop Capital began coverage on Maxim Integrated Products in a research report on Friday, June 22nd. They set a “buy” rating and a $70.00 price objective on the stock. Finally, KeyCorp upped their price objective on Maxim Integrated Products from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Fifteen analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $61.06.

About Maxim Integrated Products

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

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