Goldman Sachs Group Inc. boosted its holdings in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 29.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,770,400 shares of the semiconductor company’s stock after purchasing an additional 866,278 shares during the quarter. Goldman Sachs Group Inc. owned about 1.33% of Maxim Integrated Products worth $169,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fiera Capital Corp boosted its stake in Maxim Integrated Products by 0.7% during the 2nd quarter. Fiera Capital Corp now owns 15,596 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 107 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in Maxim Integrated Products by 2.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,871 shares of the semiconductor company’s stock worth $398,000 after purchasing an additional 181 shares in the last quarter. Ropes Wealth Advisors LLC raised its stake in shares of Maxim Integrated Products by 5.8% in the second quarter. Ropes Wealth Advisors LLC now owns 4,248 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 234 shares during the last quarter. Weaver C. Barksdale & Associates Inc. raised its stake in shares of Maxim Integrated Products by 0.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 31,651 shares of the semiconductor company’s stock worth $1,421,000 after purchasing an additional 240 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Maxim Integrated Products by 4.5% in the first quarter. Foresters Investment Management Company Inc. now owns 7,000 shares of the semiconductor company’s stock worth $315,000 after purchasing an additional 300 shares during the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

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In other news, VP Christopher J. Neil sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $45.69, for a total transaction of $159,915.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tunc Doluca sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $46.88, for a total transaction of $984,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 121,443 shares of company stock worth $5,541,266 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up 0.82% during midday trading on Monday, hitting $48.10. 341,290 shares of the stock traded hands. The firm has a market capitalization of $13.57 billion, a PE ratio of 24.29 and a beta of 1.05. Maxim Integrated Products, Inc. has a 52 week low of $37.25 and a 52 week high of $49.70. The company’s 50-day moving average is $45.58 and its 200 day moving average is $45.73.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.44 annualized dividend and a yield of 3.02%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s dividend payout ratio is currently 72.36%.

Maxim Integrated Products announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Several brokerages recently issued reports on MXIM. B. Riley reaffirmed a “neutral” rating and set a $47.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, September 12th. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub raised Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Maxim Integrated Products in a research note on Friday, June 16th. Finally, Morgan Stanley restated an “underweight” rating and set a $40.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.80.

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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