Maxim Integrated Products, Inc. (MXIM) Stake Lessened by OxFORD Asset Management LLP
OxFORD Asset Management LLP lowered its stake in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 71.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,804 shares of the semiconductor company’s stock after selling 42,389 shares during the quarter. OxFORD Asset Management LLP’s holdings in Maxim Integrated Products were worth $803,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of MXIM. Bank of New York Mellon Corp increased its holdings in shares of Maxim Integrated Products by 29.9% during the third quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock valued at $656,409,000 after acquiring an additional 3,164,871 shares in the last quarter. BlackRock Inc. increased its holdings in Maxim Integrated Products by 13.4% in the 2nd quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after buying an additional 2,358,743 shares during the period. American Century Companies Inc. increased its holdings in Maxim Integrated Products by 17.2% in the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after buying an additional 2,087,911 shares during the period. Principal Financial Group Inc. increased its holdings in Maxim Integrated Products by 483.2% in the 2nd quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after buying an additional 1,852,730 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in Maxim Integrated Products in the 2nd quarter worth approximately $73,792,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.
Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $53.15 on Friday. Maxim Integrated Products, Inc. has a 52-week low of $38.18 and a 52-week high of $55.43. The stock has a market capitalization of $14,990.00, a P/E ratio of 25.93, a PEG ratio of 2.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.71%. Maxim Integrated Products’s dividend payout ratio (DPR) is 70.24%.
Several equities analysts recently weighed in on the stock. B. Riley reiterated a “neutral” rating and issued a $47.00 price target on shares of Maxim Integrated Products in a report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley increased their price target on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. SunTrust Banks increased their price target on shares of Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a report on Friday, October 20th. Finally, Barclays increased their price target on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Maxim Integrated Products has a consensus rating of “Hold” and an average price target of $52.24.
In other news, VP Christopher J. Neil sold 3,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $47.50, for a total transaction of $166,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William D. Watkins sold 19,650 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total value of $1,011,778.50. The disclosure for this sale can be found here. Insiders have sold a total of 224,617 shares of company stock worth $11,679,687 in the last quarter. 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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