Ropes Wealth Advisors LLC trimmed its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 85.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 535 shares of the semiconductor company’s stock after selling 3,267 shares during the period. Ropes Wealth Advisors LLC’s holdings in Maxim Integrated Products were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MXIM. Bank of New York Mellon Corp boosted its stake in Maxim Integrated Products by 897,788.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock valued at $574,673,000 after purchasing an additional 10,189,895 shares during the last quarter. American International Group Inc. boosted its stake in Maxim Integrated Products by 27,390.1% during the 4th quarter. American International Group Inc. now owns 7,638,121 shares of the semiconductor company’s stock valued at $388,398,000 after purchasing an additional 7,610,336 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Maxim Integrated Products by 8,495.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,356,863 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 3,317,811 shares during the last quarter. Norges Bank purchased a new stake in Maxim Integrated Products during the 4th quarter valued at $142,906,000. Finally, Northern Trust Corp boosted its stake in Maxim Integrated Products by 51.0% during the 4th quarter. Northern Trust Corp now owns 3,706,020 shares of the semiconductor company’s stock valued at $188,452,000 after purchasing an additional 1,252,400 shares during the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.

MXIM has been the topic of several recent analyst reports. Evercore ISI cut their target price on Maxim Integrated Products from $60.00 to $55.00 in a research note on Monday, January 14th. BidaskClub downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Cowen assumed coverage on Maxim Integrated Products in a research note on Friday, February 22nd. They issued a “market perform” rating and a $56.00 price target on the stock. Morgan Stanley dropped their price target on 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. Finally, Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.67.

In other news, Director James R. Bergman sold 14,210 shares of Maxim Integrated Products stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $56.46, for a total value of $802,296.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tunc Doluca sold 5,000 shares of Maxim Integrated Products stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $54.55, for a total value of $272,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,316 shares of company stock worth $3,395,474. Insiders own 0.85% of the company’s stock.

NASDAQ:MXIM opened at $59.89 on Wednesday. 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 stock has a market cap of $16.14 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.31. Maxim Integrated Products Inc. has a 52 week low of $46.64 and a 52 week high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). The business had revenue of $576.91 million for the quarter, compared to the consensus estimate of $590.50 million. Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. As a group, analysts predict that Maxim Integrated Products Inc. will post 2.44 earnings per share for the current fiscal year.

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Maxim Integrated Products 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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