Profund Advisors LLC Acquires 23,998 Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM)

Profund Advisors LLC increased its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 68.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 59,251 shares of the semiconductor company’s stock after purchasing an additional 23,998 shares during the quarter. Profund Advisors LLC’s holdings in Maxim Integrated Products were worth $3,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NuWave Investment Management LLC increased its stake in Maxim Integrated Products by 231.3% during the 4th quarter. NuWave Investment Management LLC now owns 424 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 296 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Maxim Integrated Products during the 4th quarter worth approximately $33,000. Rockefeller Capital Management L.P. grew its stake in shares of Maxim Integrated Products by 52.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 710 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 243 shares in the last quarter. Assetmark Inc. grew its stake in shares of Maxim Integrated Products by 35.0% during the 4th quarter. Assetmark Inc. now owns 779 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 202 shares in the last quarter. Finally, Allred Capital Management LLC bought a new position in shares of Maxim Integrated Products during the 4th quarter worth approximately $62,000. 91.19% of the stock is owned by institutional investors and hedge funds.

In other Maxim Integrated Products news, Director Mary Ann Wright sold 1,345 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $61.65, for a total transaction of $82,919.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tunc Doluca sold 19,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.00, for a total value of $1,178,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 36,760 shares of company stock valued at $2,244,751. 0.84% of the stock is currently owned by insiders.

Several equities analysts have recently weighed in on the stock. Barclays cut shares of Maxim Integrated Products from an “equal weight” rating to an “underweight” rating and set a $60.00 price target for the company. in a research note on Thursday, January 16th. Zacks Investment Research cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating and set a $56.00 price target for the company. in a research note on Wednesday, March 11th. Stifel Nicolaus raised their price target on shares of Maxim Integrated Products from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price target on shares of Maxim Integrated Products from $67.00 to $69.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Finally, Nomura assumed coverage on shares of Maxim Integrated Products in a research note on Friday, March 20th. They set a “neutral” rating and a $50.00 price target for the company. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.87.

Shares of NASDAQ MXIM traded up $1.57 during trading hours on Thursday, hitting $50.18. The company had a trading volume of 3,799,101 shares, compared to its average volume of 2,397,918. The stock has a market capitalization of $12.94 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The company has a quick ratio of 5.98, a current ratio of 6.60 and a debt-to-equity ratio of 0.58. Maxim Integrated Products Inc. has a 1-year low of $41.93 and a 1-year high of $65.73. The firm’s 50 day moving average is $55.70 and its 200-day moving average is $58.22.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Tuesday, January 28th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $551.07 million during the quarter, compared to the consensus estimate of $545.16 million. Maxim Integrated Products had a return on equity of 33.82% and a net margin of 35.93%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, sell-side analysts predict that Maxim Integrated Products Inc. will post 2.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, February 26th. Maxim Integrated Products’s payout ratio is presently 79.01%.

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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