OLD National Bancorp IN increased its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,684 shares of the semiconductor company’s stock after acquiring an additional 1,961 shares during the quarter. OLD National Bancorp IN’s holdings in Maxim Integrated Products were worth $2,440,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in Maxim Integrated Products in the 4th quarter worth approximately $121,000. Benjamin F. Edwards & Company Inc. bought a new position in Maxim Integrated Products in the 3rd quarter worth approximately $128,000. Toronto Dominion Bank boosted its stake in Maxim Integrated Products by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 375 shares during the period. WFG Advisors LP boosted its stake in Maxim Integrated Products by 201.1% in the 2nd quarter. WFG Advisors LP now owns 3,962 shares of the semiconductor company’s stock worth $178,000 after purchasing an additional 2,646 shares during the period. Finally, IBM Retirement Fund bought a new position in Maxim Integrated Products in the 3rd quarter worth approximately $200,000.
Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at $57.95 on Monday. The stock has a market capitalization of $12,645.50, a price-to-earnings ratio of 23.75, a P/E/G ratio of 2.14 and a beta of 1.20. Maxim Integrated Products Inc. has a 52-week low of $43.35 and a 52-week high of $74.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.48 and a quick ratio of 4.14.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.42 dividend. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.90%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 108.27%.
In other Maxim Integrated Products news, VP Vivek Jain sold 1,793 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $53.28, for a total value of $95,531.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tunc Doluca sold 31,000 shares of the stock in a transaction on 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 quarter, insiders sold 234,749 shares of company stock worth $13,647,197. Insiders own 1.11% of the company’s stock.
MXIM has been the subject of several recent analyst reports. Morgan Stanley upped their price target on Maxim Integrated Products from $42.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Stifel Nicolaus upped their price target on Maxim Integrated Products from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Credit Suisse Group upped their price target on Maxim Integrated Products from $46.00 to $53.00 and gave the stock a “neutral” rating in a research note 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 for the company in a research note on Monday, October 23rd. Finally, Maxim Group upped their price target on Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $54.29.
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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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