US Bancorp DE lifted its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 64.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,921 shares of the semiconductor company’s stock after purchasing an additional 43,841 shares during the period. US Bancorp DE’s holdings in Maxim Integrated Products were worth $5,852,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MXIM. Toronto Dominion Bank boosted its holdings in Maxim Integrated Products by 12.1% in the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 375 shares during the last quarter. Prudential PLC boosted its holdings in Maxim Integrated Products by 9.4% in the second quarter. Prudential PLC now owns 5,800 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Maxim Integrated Products by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,323 shares of the semiconductor company’s stock valued at $464,000 after acquiring an additional 617 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Maxim Integrated Products by 18.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,371 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 973 shares during the last quarter. Finally, Hallmark Capital Management Inc. boosted its holdings in Maxim Integrated Products by 3.2% in the third quarter. Hallmark Capital Management Inc. now owns 33,540 shares of the semiconductor company’s stock valued at $1,600,000 after acquiring an additional 1,025 shares during the last quarter.

Several research firms recently issued reports on MXIM. Maxim Group reiterated a “hold” rating and issued a $67.00 price target on shares of Maxim Integrated Products in a report on Friday, January 26th. Morgan Stanley reiterated an “equal weight” rating on shares of Maxim Integrated Products in a report on Wednesday, January 31st. B. Riley reiterated a “hold” rating and issued a $54.00 price target on shares of Maxim Integrated Products in a report on Friday, January 26th. BMO Capital Markets raised their price target on Maxim Integrated Products to $55.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Finally, Oppenheimer reiterated a “hold” rating on shares of Maxim Integrated Products in a report on Friday, January 26th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $54.29.

Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at $57.95 on Friday. Maxim Integrated Products Inc. has a one year low of $43.35 and a one year high of $74.94. The company has a quick ratio of 4.14, a current ratio of 4.48 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $12,645.50, a PE ratio of 23.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.20.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $620.46 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. equities research analysts expect that Maxim Integrated Products Inc. will post 2.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 108.27%.

In other news, Director William D. Watkins sold 19,650 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total transaction of $1,011,778.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tunc Doluca sold 31,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.16, for a total value of $1,895,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 234,749 shares of company stock worth $13,647,197. 1.11% of the stock is currently owned by insiders.

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Maxim Integrated Products Profile

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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