Epoch Investment Partners Inc. lessened its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 4.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 331,798 shares of the semiconductor company’s stock after selling 15,148 shares during the period. Epoch Investment Partners Inc. owned 0.12% of Maxim Integrated Products worth $18,710,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC purchased a new stake in shares of Maxim Integrated Products in the third quarter worth $114,000. Legacy Advisors LLC purchased a new stake in shares of Maxim Integrated Products in the third quarter worth $116,000. Steward Partners Investment Advisory LLC raised its position in shares of Maxim Integrated Products by 91.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,073 shares of the semiconductor company’s stock worth $117,000 after buying an additional 989 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Maxim Integrated Products in the third quarter worth $119,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Maxim Integrated Products in the third quarter worth $133,000. Institutional investors own 91.80% of the company’s stock.
In related news, VP David Loftus sold 6,623 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $60.01, for a total value of $397,446.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph R. Bronson sold 5,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $58.98, for a total value of $294,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 56,540 shares of company stock worth $3,221,251. 0.85% of the stock is owned by insiders.
MXIM has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on Maxim Integrated Products in a research report on Tuesday, September 25th. They issued a “sector weight” rating and a $68.00 price objective on the stock. Stifel Nicolaus downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $65.00 in a research report on Wednesday, September 12th. ValuEngine downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Morgan Stanley lowered their price objective on Maxim Integrated Products from $60.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 3rd. Finally, BidaskClub upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. 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 currently has a consensus rating of “Hold” and a consensus price target of $60.76.
MXIM opened at $52.90 on Friday. The firm has a market capitalization of $15.19 billion, a P/E ratio of 19.52, a PEG ratio of 1.74 and a beta of 1.34. The company has a current ratio of 3.57, a quick ratio of 3.27 and a debt-to-equity ratio of 0.52. Maxim Integrated Products Inc. has a 52 week low of $46.85 and a 52 week high of $74.94.
Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.75. The business had revenue of $638.50 million for the quarter, compared to analysts’ expectations of $635.19 million. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. Maxim Integrated Products’s dividend payout ratio is presently 67.90%.
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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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