Maxim Integrated Products Inc. (MXIM) Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. lifted its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,469 shares of the semiconductor company’s stock after buying an additional 7,102 shares during the period. Shell Asset Management Co.’s holdings in Maxim Integrated Products were worth $4,468,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its holdings in shares of Maxim Integrated Products by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after buying an additional 375 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Maxim Integrated Products by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,323 shares of the semiconductor company’s stock valued at $464,000 after purchasing an additional 617 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Maxim Integrated Products by 18.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,371 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 973 shares in the last quarter. Hallmark Capital Management Inc. increased its holdings in Maxim Integrated Products by 3.2% in the 3rd quarter. Hallmark Capital Management Inc. now owns 33,540 shares of the semiconductor company’s stock valued at $1,600,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Jackson Wealth Management LLC increased its holdings in Maxim Integrated Products by 2.4% in the 4th quarter. Jackson Wealth Management LLC now owns 44,659 shares of the semiconductor company’s stock valued at $2,404,000 after purchasing an additional 1,036 shares in the last quarter.

Shares of Maxim Integrated Products Inc. (NASDAQ MXIM) opened at $61.26 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48. The firm has a market capitalization of $13,367.79, a PE ratio of 25.11, a PEG ratio of 2.26 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.

Maxim Integrated Products (NASDAQ:MXIM) last announced 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. The company had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. sell-side analysts predict that Maxim Integrated Products Inc. will post 2.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 28th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 2.74%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 108.27%.

In other news, CEO Tunc Doluca sold 21,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $51.74, for a total transaction of $1,086,540.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Neil sold 3,500 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $51.77, for a total transaction of $181,195.00. The disclosure for this sale can be found here. Insiders have sold 235,256 shares of company stock valued at $13,704,865 over the last 90 days. Insiders own 1.11% of the company’s stock.

Several analysts recently issued reports on MXIM shares. Stifel Nicolaus increased their price target on Maxim Integrated Products from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 26th. Drexel Hamilton reiterated a “buy” rating and issued a $63.00 price target (up from $60.00) on shares of Maxim Integrated Products in a report on Friday, January 26th. Morgan Stanley upgraded Maxim Integrated Products from an “underweight” rating to an “equal” rating and set a $44.00 price target for the company in a report on Tuesday, January 30th. Barclays increased their price target on Maxim Integrated Products from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $63.00 price target on shares of Maxim Integrated Products in a report on Friday, January 26th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and an average target price of $54.29.

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Maxim Integrated Products Company 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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