Maxim Integrated Products, Inc. (MXIM) Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,347 shares of the semiconductor company’s stock after acquiring an additional 12,469 shares during the period. Russell Investments Group Ltd.’s holdings in Maxim Integrated Products were worth $3,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Maxim Integrated Products by 13.4% in the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock valued at $895,388,000 after acquiring an additional 2,358,743 shares in the last quarter. American Century Companies Inc. raised its holdings in Maxim Integrated Products by 17.2% in the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after acquiring an additional 2,087,911 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Maxim Integrated Products by 29.9% in 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. Wells Fargo & Company MN raised its holdings in Maxim Integrated Products by 1.0% in the second quarter. Wells Fargo & Company MN now owns 6,521,747 shares of the semiconductor company’s stock valued at $292,827,000 after acquiring an additional 63,877 shares in the last quarter. Finally, State Street Corp raised its holdings in Maxim Integrated Products by 0.5% in the second quarter. State Street Corp now owns 6,384,084 shares of the semiconductor company’s stock valued at $286,644,000 after acquiring an additional 28,762 shares in the last quarter. 90.48% of the stock is currently owned by hedge funds and other institutional investors.

MXIM has been the topic of a number of research reports. Loop Capital reissued a “buy” rating and set a $57.00 target price (up from $53.00) on shares of Maxim Integrated Products in a report on Friday, October 20th. Zacks Investment Research cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Drexel Hamilton increased their target price on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Maxim Group increased their target price on shares of Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Citigroup increased their target price on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.24.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at $52.46 on Friday. 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 twelve month low of $38.18 and a twelve month high of $55.43. The firm has a market cap of $14,434.63, a PE ratio of 22.79, a P/E/G ratio of 2.02 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. During the same quarter last year, the company earned $0.48 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. analysts expect that Maxim Integrated Products, Inc. will post 2.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.74%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 70.24%.

In related news, VP Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $51.71, for a total value of $1,292,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tunc Doluca sold 30,000 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $52.16, for a total transaction of $1,564,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,617 shares of company stock worth $11,573,687. 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.

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

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