Barings LLC Sells 29,900 Shares of Maxim Integrated Products, Inc. (MXIM)

Barings LLC cut its holdings in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 79.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,900 shares of the semiconductor company’s stock after selling 29,900 shares during the period. Barings LLC’s holdings in Maxim Integrated Products were worth $377,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MXIM. Fiera Capital Corp raised its holdings in Maxim Integrated Products by 0.7% during the 2nd quarter. Fiera Capital Corp now owns 15,596 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 107 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Maxim Integrated Products by 5.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,248 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 234 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Maxim Integrated Products by 4.9% in the 2nd quarter. Capstone Asset Management Co. now owns 7,255 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 340 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Maxim Integrated Products by 16.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 343 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Maxim Integrated Products by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 90.48% of the company’s stock.

Maxim Integrated Products, Inc. (MXIM) opened at $51.64 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. The stock has a market cap of $14,471.23, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. Maxim Integrated Products, Inc. has a fifty-two week low of $38.18 and a fifty-two week high of $55.43.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. sell-side analysts anticipate that Maxim Integrated Products, Inc. will post 2.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio is 70.24%.

MXIM has been the subject of several research analyst reports. Drexel Hamilton reiterated a “buy” rating and issued a $52.00 price objective on shares of Maxim Integrated Products in a research note on Wednesday, September 6th. Morgan Stanley lifted their price objective on shares of Maxim Integrated Products from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Friday, October 20th. Loop Capital reiterated a “buy” rating and issued a $53.00 price objective on shares of Maxim Integrated Products in a research note on Thursday, August 31st. Wells Fargo & Company lifted their price target on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. Maxim Integrated Products presently has a consensus rating of “Hold” and a consensus price target of $52.14.

In related news, VP Christopher J. Neil sold 3,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.50, for a total value of $166,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tunc Doluca sold 21,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $51.74, for a total transaction of $1,086,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 203,527 shares of company stock worth $10,587,830 over the last ninety days. Insiders own 1.11% of the company’s stock.

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Maxim Integrated Products 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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