Tiaa Fsb trimmed its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,671 shares of the semiconductor company’s stock after selling 1,118 shares during the period. Tiaa Fsb’s holdings in Maxim Integrated Products were worth $567,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MXIM. Bank of New York Mellon Corp lifted its holdings in 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 valued at $574,673,000 after buying an additional 10,189,895 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Maxim Integrated Products by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 878,083 shares of the semiconductor company’s stock valued at $49,514,000 after buying an additional 36,692 shares during the period. LPL Financial LLC lifted its holdings in Maxim Integrated Products by 45.0% in the third quarter. LPL Financial LLC now owns 29,060 shares of the semiconductor company’s stock valued at $1,639,000 after buying an additional 9,020 shares during the period. Pacer Advisors Inc. lifted its holdings in Maxim Integrated Products by 18.5% in the third quarter. Pacer Advisors Inc. now owns 10,760 shares of the semiconductor company’s stock valued at $607,000 after buying an additional 1,678 shares during the period. Finally, Point72 Hong Kong Ltd lifted its holdings in Maxim Integrated Products by 348.4% in the third quarter. Point72 Hong Kong Ltd now owns 2,166 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 1,683 shares during the period. Institutional investors own 98.56% of the company’s stock.

Shares of NASDAQ:MXIM opened at $59.77 on Friday. Maxim Integrated Products Inc. has a 52 week low of $46.64 and a 52 week high of $63.68. The company has a quick ratio of 5.85, a current ratio of 6.54 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.07 and a beta of 1.31.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. The firm had revenue of $576.91 million during the quarter, compared to the consensus estimate of $590.50 million. On average, research analysts anticipate that Maxim Integrated Products Inc. will post 2.44 EPS for the current year.

In other news, Director Joseph R. Bronson sold 5,000 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $54.67, for a total transaction of $273,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David Loftus sold 13,614 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $53.81, for a total transaction of $732,569.34. The disclosure for this sale can be found here. Insiders sold 75,316 shares of company stock valued at $4,235,474 in the last ninety days. Insiders own 0.85% of the company’s stock.

Several brokerages recently weighed in on MXIM. Zacks Investment Research lowered shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America lowered shares of Maxim Integrated Products from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. Cowen began coverage on shares of Maxim Integrated Products in a report on Friday, February 22nd. They issued a “market perform” rating and a $56.00 price objective on the stock. BidaskClub upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Maxim Group reaffirmed a “sell” rating on shares of Maxim Integrated Products in a research note on Friday, February 8th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.67.

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About Maxim Integrated Products

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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