Aviva PLC boosted its stake in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,413 shares of the semiconductor company’s stock after buying an additional 80 shares during the period. Aviva PLC owned 0.06% of Maxim Integrated Products worth $7,962,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MXIM. California Public Employees Retirement System increased its stake in Maxim Integrated Products by 2.0% in the first quarter. California Public Employees Retirement System now owns 683,500 shares of the semiconductor company’s stock worth $30,730,000 after buying an additional 13,300 shares during the period. Martingale Asset Management L P increased its stake in Maxim Integrated Products by 247.1% in the first quarter. Martingale Asset Management L P now owns 438,194 shares of the semiconductor company’s stock worth $19,702,000 after buying an additional 311,939 shares during the period. United Services Automobile Association increased its stake in Maxim Integrated Products by 7.7% in the first quarter. United Services Automobile Association now owns 1,222,229 shares of the semiconductor company’s stock worth $54,951,000 after buying an additional 87,250 shares during the period. Pacer Advisors Inc. increased its stake in Maxim Integrated Products by 4.3% in the first quarter. Pacer Advisors Inc. now owns 8,419 shares of the semiconductor company’s stock worth $379,000 after buying an additional 344 shares during the period. Finally, Nomura Holdings Inc. increased its stake in Maxim Integrated Products by 5.8% in the first quarter. Nomura Holdings Inc. now owns 7,119 shares of the semiconductor company’s stock worth $320,000 after buying an additional 389 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Maxim Integrated Products, Inc. (MXIM) opened at 45.14 on Tuesday. The stock has a market capitalization of $12.73 billion, a P/E ratio of 22.80 and a beta of 1.04. Maxim Integrated Products, Inc. has a 52-week low of $37.25 and a 52-week high of $49.70. The stock has a 50 day moving average of $45.44 and a 200 day moving average of $45.54.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $602 million for the quarter, compared to analyst estimates of $609.52 million. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, equities research analysts forecast that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

Maxim Integrated Products declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, August 29th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 3.19%. Maxim Integrated Products’s payout ratio is 66.33%.

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MXIM has been the topic of a number of recent analyst reports. Loop Capital restated a “buy” rating and set a $43.00 price target on shares of Maxim Integrated Products in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Maxim Integrated Products in a research report on Friday, June 16th. BidaskClub upgraded shares of Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $54.00 price target (up from $52.00) on shares of Maxim Integrated Products in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $47.17.

In other Maxim Integrated Products news, VP Vivek Jain sold 47,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $47.91, for a total value of $2,285,307.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tunc Doluca sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $49.00, for a total value of $294,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 192,729 shares of company stock worth $8,923,206. Insiders own 1.30% of the company’s stock.

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

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