Alliancebernstein L.P. Sells 6,565 Shares of Maxim Integrated Products Inc. (MXIM)

Alliancebernstein L.P. lowered its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 205,767 shares of the semiconductor company’s stock after selling 6,565 shares during the period. Alliancebernstein L.P. owned 0.07% of Maxim Integrated Products worth $11,603,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MXIM. Raymond James Financial Services Advisors Inc. grew its position in shares of Maxim Integrated Products by 5.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,932 shares of the semiconductor company’s stock worth $3,457,000 after acquiring an additional 3,028 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Maxim Integrated Products during the second quarter worth about $527,000. Commonwealth Equity Services LLC grew its position in shares of Maxim Integrated Products by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 69,128 shares of the semiconductor company’s stock worth $4,055,000 after acquiring an additional 1,226 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Maxim Integrated Products by 53.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,731 shares of the semiconductor company’s stock worth $1,744,000 after acquiring an additional 10,400 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Maxim Integrated Products by 7.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 495,606 shares of the semiconductor company’s stock worth $29,074,000 after acquiring an additional 34,821 shares during the last quarter. Institutional investors and hedge funds own 91.80% of the company’s stock.

In other news, VP David Loftus sold 6,623 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $60.01, for a total transaction of $397,446.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sumeet Gagneja sold 517 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $56.72, for a total transaction of $29,324.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,540 shares of company stock valued at $3,221,251. Insiders own 0.85% of the company’s stock.

NASDAQ:MXIM opened at $52.90 on Friday. Maxim Integrated Products Inc. has a twelve month low of $46.85 and a twelve month high of $74.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.57 and a quick ratio of 3.27. The stock has a market cap of $15.19 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. The company had revenue of $638.50 million during the quarter, compared to analyst estimates of $635.19 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts expect that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, November 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.48%. Maxim Integrated Products’s dividend payout ratio (DPR) is 67.90%.

A number of brokerages recently issued reports on MXIM. Deutsche Bank decreased their target price on shares of Maxim Integrated Products from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Barclays decreased their target price on shares of Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. Citigroup decreased their target price on shares of Maxim Integrated Products from $61.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Goldman Sachs Group lowered shares of Maxim Integrated Products from a “neutral” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, BidaskClub lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and an average target price of $60.76.

TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/12/08/alliancebernstein-l-p-sells-6565-shares-of-maxim-integrated-products-inc-mxim.html.

Maxim Integrated Products 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.

Featured Story: Dollar Cost Averaging

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

Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply