Schroder Investment Management Group lessened its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 40.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 279,112 shares of the semiconductor company’s stock after selling 188,211 shares during the period. Schroder Investment Management Group owned approximately 0.10% of Maxim Integrated Products worth $13,302,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MXIM. Principal Financial Group Inc. boosted its position in shares of Maxim Integrated Products by 483.2% during the second quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock valued at $100,403,000 after buying an additional 1,852,730 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Maxim Integrated Products by 1,402.5% during the second quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock valued at $16,307,000 after buying an additional 339,024 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Maxim Integrated Products by 9.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock valued at $8,572,000 after buying an additional 16,744 shares during the last quarter. Shelton Capital Management boosted its position in shares of Maxim Integrated Products by 24.6% during the second quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock valued at $958,000 after buying an additional 4,218 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of Maxim Integrated Products by 1,536.5% during the second quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock valued at $14,706,000 after buying an additional 307,509 shares during the last quarter. 90.48% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on MXIM shares. Loop Capital reaffirmed a “buy” rating and set a $43.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, August 22nd. Stifel Nicolaus lifted their price target on Maxim Integrated Products from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Credit Suisse Group lifted their price target on Maxim Integrated Products from $46.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a report on Monday, October 23rd. Finally, Maxim Group reiterated a “buy” rating on shares of Maxim Integrated Products in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.14.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $51.50 on Thursday. The stock has a market capitalization of $14,535.97, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. Maxim Integrated Products, Inc. has a one year low of $38.18 and a one year high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. equities research analysts predict that Maxim Integrated Products, Inc. will post 2.49 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.80%. Maxim Integrated Products’s payout ratio is presently 70.24%.

In other Maxim Integrated Products news, Director Mary Ann Wright sold 560 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $46.29, for a total value of $25,922.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Bruce E. Kiddoo sold 25,000 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $51.71, for a total value of $1,292,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,527 shares of company stock worth $10,587,830. Corporate insiders own 1.11% of the company’s stock.

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About Maxim Integrated Products

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

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

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