Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,669 shares of the semiconductor company’s stock after buying an additional 1,128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Maxim Integrated Products were worth $3,689,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MXIM. Geode Capital Management LLC grew its stake in 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 valued at $215,856,000 after purchasing an additional 1,160,574 shares during the last quarter. FIL Ltd grew its stake in Maxim Integrated Products by 29.8% in the first quarter. FIL Ltd now owns 3,507,107 shares of the semiconductor company’s stock valued at $186,472,000 after purchasing an additional 804,734 shares during the last quarter. First Trust Advisors LP grew its stake in Maxim Integrated Products by 36.9% in the first quarter. First Trust Advisors LP now owns 1,718,292 shares of the semiconductor company’s stock valued at $91,362,000 after purchasing an additional 462,950 shares during the last quarter. NN Investment Partners Holdings N.V. grew its stake in Maxim Integrated Products by 311.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 514,154 shares of the semiconductor company’s stock valued at $30,757,000 after purchasing an additional 389,252 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in Maxim Integrated Products by 187.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 451,741 shares of the semiconductor company’s stock valued at $27,023,000 after purchasing an additional 294,350 shares during the last quarter. Hedge funds and other institutional investors own 93.69% of the company’s stock.

Shares of MXIM stock traded down $1.07 during trading hours on Wednesday, reaching $52.96. 9,808 shares of the company’s stock were exchanged, compared to its average volume of 1,882,665. Maxim Integrated Products Inc. has a 1 year low of $46.64 and a 1 year high of $65.73. The stock has a market cap of $14.74 billion, a PE ratio of 21.81, a PEG ratio of 2.09 and a beta of 1.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 6.18 and a current ratio of 6.84. The firm has a fifty day moving average price of $59.87.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.57. Maxim Integrated Products had a return on equity of 37.75% and a net margin of 35.76%. The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $559.97 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was down 12.0% on a year-over-year basis. On average, equities analysts expect that Maxim Integrated Products Inc. will post 2.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 29th will be issued a dividend of $0.48 per share. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.63%. Maxim Integrated Products’s payout ratio is 75.72%.

In related news, Director Joseph R. Bronson sold 12,600 shares of Maxim Integrated Products stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $56.07, for a total transaction of $706,482.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tunc Doluca sold 2,500 shares of Maxim Integrated Products stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $56.07, for a total value of $140,175.00. The disclosure for this sale can be found here. Insiders have sold 34,100 shares of company stock valued at $1,964,877 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.

Several equities analysts have issued reports on the company. Deutsche Bank set a $70.00 target price on Maxim Integrated Products and gave the company a “buy” rating in a research note on Friday, July 26th. BidaskClub lowered Maxim Integrated Products from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays lifted their target price on Maxim Integrated Products from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Maxim Group reiterated a “buy” rating and issued a $70.00 target price on shares of Maxim Integrated Products in a research note on Wednesday, May 1st. Finally, Benchmark assumed coverage on Maxim Integrated Products in a research note on Thursday, August 1st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $61.75.

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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