Yorktown Management & Research Co Inc continued to hold its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,800 shares of the semiconductor company’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in Maxim Integrated Products were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MXIM. BT Investment Management Ltd purchased a new stake in shares of Maxim Integrated Products during the second quarter worth about $11,336,000. BlueMountain Capital Management LLC increased its stake in shares of Maxim Integrated Products by 36.5% during the second quarter. BlueMountain Capital Management LLC now owns 46,373 shares of the semiconductor company’s stock worth $2,082,000 after purchasing an additional 12,398 shares in the last quarter. Amalgamated Bank increased its stake in shares of Maxim Integrated Products by 70.6% during the second quarter. Amalgamated Bank now owns 28,859 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 11,946 shares in the last quarter. BlackRock Inc. increased its stake in shares of Maxim Integrated Products by 13.4% during the second quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after purchasing an additional 2,358,743 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Maxim Integrated Products by 28.3% during the second quarter. Nationwide Fund Advisors now owns 674,048 shares of the semiconductor company’s stock worth $30,265,000 after purchasing an additional 148,882 shares in the last quarter. 89.38% of the stock is owned by institutional investors.

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A number of analysts have recently commented on MXIM shares. Loop Capital reissued a “buy” rating and set a $43.00 target price on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. BidaskClub cut shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, June 9th. Drexel Hamilton reissued a “buy” rating and set a $52.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Finally, Maxim Group reissued a “buy” rating on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $48.06.

In other news, Director Mary Ann Wright sold 560 shares of Maxim Integrated Products stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $46.29, for a total transaction of $25,922.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $45.28, for a total transaction of $1,132,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,443 shares of company stock valued at $6,077,906. Insiders own 1.30% of the company’s stock.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at 47.00 on Monday. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 23.74 and a beta of 1.04. Maxim Integrated Products, Inc. has a 12-month low of $37.25 and a 12-month high of $49.70. The firm has a 50-day moving average of $45.48 and a 200 day moving average of $45.67.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. On average, equities analysts predict that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.06%. Maxim Integrated Products’s payout ratio is 72.36%.

Maxim Integrated Products announced that its Board of Directors has approved a share repurchase program on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Maxim Integrated Products 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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