US Bancorp DE increased its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 14.6% during the second quarter, Holdings Channel.com reports. The firm owned 225,197 shares of the semiconductor company’s stock after acquiring an additional 28,766 shares during the quarter. US Bancorp DE’s holdings in Maxim Integrated Products were worth $13,470,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MXIM. Coastal Investment Advisors Inc. raised its position in Maxim Integrated Products by 97.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 559 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 276 shares during the period. Flagship Harbor Advisors LLC raised its position in Maxim Integrated Products by 175.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 736 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 469 shares during the period. AGF Investments LLC purchased a new position in Maxim Integrated Products in the 2nd quarter worth $53,000. Parallel Advisors LLC raised its position in Maxim Integrated Products by 43.8% in the 2nd quarter. Parallel Advisors LLC now owns 903 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 275 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Maxim Integrated Products in the 1st quarter worth $104,000. Institutional investors own 92.34% of the company’s stock.

NASDAQ:MXIM traded down $0.76 during mid-day trading on Monday, hitting $58.83. 44,044 shares of the company’s stock were exchanged, compared to its average volume of 1,721,514. Maxim Integrated Products Inc. has a one year low of $46.64 and a one year high of $65.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.84 and a quick ratio of 6.18. The business has a fifty day moving average price of $56.09 and a 200 day moving average price of $56.78. The company has a market cap of $16.22 billion, a PE ratio of 24.19, a P/E/G ratio of 2.33 and a beta of 1.39.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $559.97 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Maxim Integrated Products’s quarterly revenue was down 12.0% on a year-over-year basis. On average, equities analysts forecast that Maxim Integrated Products Inc. will post 2.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.92 annualized dividend and a yield of 3.26%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.46. Maxim Integrated Products’s payout ratio is presently 79.01%.

A number of equities research analysts have recently weighed in on MXIM shares. Benchmark started coverage on shares of Maxim Integrated Products in a research note on Thursday, August 1st. They set a “hold” rating on the stock. Stifel Nicolaus cut their target price on shares of Maxim Integrated Products from $61.00 to $56.00 in a research note on Thursday, August 29th. Deutsche Bank set a $70.00 target price on shares of Maxim Integrated Products and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research lowered shares of Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $69.00 target price on the stock. in a research note on Thursday, July 25th. Finally, Maxim Group reaffirmed a “sell” rating on shares of Maxim Integrated Products in a research note on Friday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Maxim Integrated Products presently has an average rating of “Hold” and an average target price of $61.44.

In other Maxim Integrated Products news, Director Robert Edward Grady sold 6,575 shares of Maxim Integrated Products stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $52.63, for a total value of $346,042.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edwin Medlin sold 22,500 shares of Maxim Integrated Products stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $59.77, for a total transaction of $1,344,825.00. The disclosure for this sale can be found here. Insiders have sold 114,568 shares of company stock worth $6,581,292 in the last three months. 0.85% of the stock is currently owned by insiders.

About Maxim Integrated Products

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

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