Maxim Integrated Products, Inc. (MXIM) Shares Bought by Fiera Capital Corp

Fiera Capital Corp lifted its stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,596 shares of the semiconductor company’s stock after acquiring an additional 107 shares during the quarter. Fiera Capital Corp’s holdings in Maxim Integrated Products were worth $700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MXIM. Proficio Capital Partners LLC grew its stake in shares of Maxim Integrated Products by 51.4% in the first quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 764 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 343 shares during the period. Highstreet Asset Management Inc. bought a new stake in shares of Maxim Integrated Products in the second quarter worth approximately $115,000. Duncker Streett & Co. Inc. grew its stake in shares of Maxim Integrated Products by 21.1% in the second quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 500 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of Maxim Integrated Products by 26.1% in the first quarter. Toronto Dominion Bank now owns 3,099 shares of the semiconductor company’s stock worth $139,000 after acquiring an additional 642 shares during the period. Hedge funds and other institutional investors own 89.38% of the company’s stock.

Maxim Integrated Products, Inc. (NASDAQ MXIM) opened at 47.16 on Wednesday. The firm has a 50 day moving average of $45.58 and a 200-day moving average of $45.73. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 23.82 and a beta of 1.04. Maxim Integrated Products, Inc. has a 52-week low of $37.25 and a 52-week high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Equities analysts expect that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

Maxim Integrated Products announced that its board has initiated a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.36 per share. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.05%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 72.36%.

MXIM has been the subject of a number of research analyst reports. Loop Capital reiterated a “buy” rating and issued a $43.00 price target on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, June 9th. Drexel Hamilton reiterated a “buy” rating and issued a $52.00 price target on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Finally, Maxim Group reiterated a “buy” rating on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.06.

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In other news, VP Christopher J. Neil sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $46.76, for a total transaction of $163,660.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Wright sold 560 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $46.29, for a total transaction of $25,922.40. The disclosure for this sale can be found here. Insiders have sold a total of 133,443 shares of company stock worth $6,077,906 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

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Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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