Argent Capital Management LLC increased its position in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,500 shares of the semiconductor company’s stock after buying an additional 33,582 shares during the period. Argent Capital Management LLC owned 0.09% of Maxim Integrated Products worth $12,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Maxim Integrated Products by 483.2% during the second quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after buying an additional 1,852,730 shares during the last quarter. Aberdeen Asset Management PLC UK increased its holdings in Maxim Integrated Products by 1,402.5% during the second quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock worth $16,307,000 after buying an additional 339,024 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Maxim Integrated Products by 9.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock worth $8,572,000 after buying an additional 16,744 shares during the last quarter. Shelton Capital Management increased its holdings in Maxim Integrated Products by 24.6% during the second quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock worth $958,000 after buying an additional 4,218 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of Maxim Integrated Products by 1,536.5% in the second quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock valued at $14,706,000 after purchasing an additional 307,509 shares during the last quarter. Institutional investors and hedge funds own 90.48% of the company’s stock.

In related news, CEO Tunc Doluca sold 15,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Watkins sold 19,650 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total transaction of $1,011,778.50. The disclosure for this sale can be found here. In the last three months, insiders sold 222,617 shares of company stock valued at $11,573,687. 1.11% of the stock is currently owned by company insiders.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) opened at $52.19 on Tuesday. The stock has a market cap of $14,606.34, a PE ratio of 23.06, a PEG ratio of 2.05 and a beta of 1.10. Maxim Integrated Products, Inc. has a 52-week low of $38.18 and a 52-week high of $55.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. Maxim Integrated Products’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. sell-side analysts forecast that Maxim Integrated Products, Inc. will post 2.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.76%. Maxim Integrated Products’s payout ratio is presently 70.24%.

Several research firms have commented on MXIM. B. Riley reiterated a “neutral” rating and issued a $47.00 price objective on shares of Maxim Integrated Products in a report on Tuesday, September 12th. Drexel Hamilton upped their price objective on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. SunTrust Banks upped their price objective on shares of Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a report on Friday, October 20th. Citigroup upped their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.14.

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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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