Cerebellum GP LLC lifted its stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 30.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,205 shares of the semiconductor company’s stock after purchasing an additional 2,126 shares during the period. Cerebellum GP LLC’s holdings in Maxim Integrated Products were worth $566,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AE Wealth Management LLC increased its stake in Maxim Integrated Products by 58.2% in the 4th quarter. AE Wealth Management LLC now owns 9,346 shares of the semiconductor company’s stock worth $575,000 after buying an additional 3,440 shares in the last quarter. Donaldson Capital Management LLC increased its stake in Maxim Integrated Products by 48.5% in the 4th quarter. Donaldson Capital Management LLC now owns 8,467 shares of the semiconductor company’s stock worth $521,000 after buying an additional 2,767 shares in the last quarter. DNB Asset Management AS increased its stake in Maxim Integrated Products by 43.7% in the 4th quarter. DNB Asset Management AS now owns 42,167 shares of the semiconductor company’s stock worth $2,594,000 after buying an additional 12,832 shares in the last quarter. Allred Capital Management LLC purchased a new stake in Maxim Integrated Products in the 4th quarter worth $62,000. Finally, Manning & Napier Group LLC increased its stake in Maxim Integrated Products by 3.6% in the 4th quarter. Manning & Napier Group LLC now owns 83,754 shares of the semiconductor company’s stock worth $5,150,000 after buying an additional 2,938 shares in the last quarter. Hedge funds and other institutional investors own 91.89% of the company’s stock.

MXIM opened at $61.45 on Thursday. The firm has a 50-day simple moving average of $59.94 and a two-hundred day simple moving average of $58.41. Maxim Integrated Products Inc. has a 52 week low of $51.17 and a 52 week high of $65.73. The company has a market capitalization of $16.83 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.41. The company has a quick ratio of 6.39, a current ratio of 7.08 and a debt-to-equity ratio of 0.56.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Maxim Integrated Products had a net margin of 34.87% and a return on equity of 34.55%. The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $530.99 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Maxim Integrated Products Inc. will post 2.22 earnings per share for the current year.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 19,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $60.83, for a total transaction of $1,155,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jon Imperato sold 2,204 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $55.29, for a total transaction of $121,859.16. The disclosure for this sale can be found here. Insiders have sold a total of 70,204 shares of company stock valued at $4,211,979 in the last three months. Insiders own 0.84% of the company’s stock.

A number of brokerages have issued reports on MXIM. Bank of America increased their price target on Maxim Integrated Products from $60.00 to $65.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Cowen increased their price target on Maxim Integrated Products from $57.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Maxim Integrated Products from $69.00 to $72.00 in a research note on Wednesday, October 30th. BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Maxim Group lowered Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a research note on Friday, September 27th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Maxim Integrated Products presently has an average rating of “Hold” and an average target price of $63.82.

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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