Baldwin Brothers Inc. MA Sells 8,360 Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM)

Baldwin Brothers Inc. MA lessened its holdings in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,250 shares of the semiconductor company’s stock after selling 8,360 shares during the period. Baldwin Brothers Inc. MA’s holdings in Maxim Integrated Products were worth $5,696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MXIM. Orion Portfolio Solutions LLC increased its position in Maxim Integrated Products by 92.6% in the second quarter. Orion Portfolio Solutions LLC now owns 759 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 365 shares during the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in Maxim Integrated Products during the first quarter worth $49,000. Financial Management Professionals Inc. purchased a new position in Maxim Integrated Products during the second quarter worth $50,000. Flagship Harbor Advisors LLC boosted its stake in Maxim Integrated Products by 144.5% during the third quarter. Flagship Harbor Advisors LLC now owns 868 shares of the semiconductor company’s stock worth $58,000 after buying an additional 513 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in Maxim Integrated Products by 491.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,112 shares of the semiconductor company’s stock worth $67,000 after buying an additional 924 shares during the period. Institutional investors own 89.36% of the company’s stock.

Several research firms have commented on MXIM. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Tuesday, October 13th. Maxim Group lowered shares of Maxim Integrated Products from a “positive” rating to a “neutral” rating in a research note on Monday, July 13th. Barclays raised shares of Maxim Integrated Products from an “underweight” rating to a “hold” rating and set a $74.00 price objective for the company in a research note on Monday, July 13th. Credit Suisse Group boosted their target price on shares of Maxim Integrated Products from $60.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, 140166 lowered shares of Maxim Integrated Products from a “positive” rating to a “neutral” rating and boosted their target price for the company from $68.00 to $78.00 in a research note on Monday, July 13th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. Maxim Integrated Products presently has an average rating of “Hold” and a consensus target price of $65.88.

NASDAQ:MXIM traded down $0.58 during mid-day trading on Friday, reaching $73.09. The company’s stock had a trading volume of 2,252,150 shares, compared to its average volume of 3,037,472. Maxim Integrated Products, Inc. has a 1 year low of $41.93 and a 1 year high of $74.87. The stock has a fifty day moving average of $68.30 and a 200-day moving average of $62.03. The firm has a market capitalization of $19.54 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 3.01 and a beta of 1.32. The company has a quick ratio of 4.54, a current ratio of 5.11 and a debt-to-equity ratio of 0.60.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.02. Maxim Integrated Products had a net margin of 29.88% and a return on equity of 36.29%. The company had revenue of $545.37 million during the quarter, compared to analyst estimates of $542.66 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that Maxim Integrated Products, Inc. will post 2.48 earnings per share for the current year.

In other Maxim Integrated Products news, SVP Edwin Medlin sold 12,830 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $69.17, for a total value of $887,451.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jon Imperato sold 2,180 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $69.13, for a total transaction of $150,703.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,010 shares of company stock valued at $2,240,915. 0.57% of the stock is owned by insiders.

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, rest of Asia, Europe, and internationally. The company also provides various high-frequency process technologies and capabilities used in custom designs.

See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

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