Avalon Advisors LLC cut its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 277,887 shares of the semiconductor company’s stock after selling 8,720 shares during the period. Avalon Advisors LLC owned about 0.10% of Maxim Integrated Products worth $14,131,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Maxim Integrated Products by 897,788.1% in the third quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock worth $574,673,000 after purchasing an additional 10,189,895 shares during the last quarter. American International Group Inc. grew its stake in shares of Maxim Integrated Products by 27,390.1% in the fourth quarter. American International Group Inc. now owns 7,638,121 shares of the semiconductor company’s stock worth $388,398,000 after purchasing an additional 7,610,336 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Maxim Integrated Products by 8,495.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,356,863 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 3,317,811 shares during the last quarter. Northern Trust Corp grew its stake in shares of Maxim Integrated Products by 51.0% in the fourth quarter. Northern Trust Corp now owns 3,706,020 shares of the semiconductor company’s stock worth $188,452,000 after purchasing an additional 1,252,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Maxim Integrated Products by 37.6% in the fourth quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock worth $215,856,000 after purchasing an additional 1,160,574 shares during the last quarter. Institutional investors own 97.68% of the company’s stock.

Shares of MXIM opened at $52.88 on Friday. The company has a current ratio of 6.54, a quick ratio of 5.85 and a debt-to-equity ratio of 0.57. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.86 and a beta of 1.32. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). The company had revenue of $576.91 million for the quarter, compared to the consensus estimate of $590.50 million. Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. As a group, sell-side analysts predict that Maxim Integrated Products Inc. will post 2.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.48%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

In other news, Director Joseph R. Bronson sold 5,000 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $54.67, for a total transaction of $273,350.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tunc Doluca sold 2,500 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $54.96, for a total transaction of $137,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock worth $2,038,732 in the last three months. Insiders own 0.85% of the company’s stock.

MXIM has been the topic of several analyst reports. Evercore ISI reduced their price objective on shares of Maxim Integrated Products from $60.00 to $55.00 in a research note on Monday, January 14th. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Morgan Stanley reduced their price objective on shares of Maxim Integrated Products from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 19th. Zacks Investment Research raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Finally, Maxim Group reissued a “hold” rating on shares of Maxim Integrated Products in a research note on Wednesday, January 30th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Maxim Integrated Products presently has an average rating of “Hold” and a consensus target price of $59.67.

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Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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

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