Elkfork Partners LLC Decreases Stock Position in Maxim Integrated Products Inc. (NASDAQ:MXIM)

Elkfork Partners LLC decreased its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,248 shares of the semiconductor company’s stock after selling 252 shares during the period. Elkfork Partners LLC’s holdings in Maxim Integrated Products were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MXIM. Geode Capital Management LLC raised its holdings in Maxim Integrated Products by 37.6% during the fourth quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock worth $215,856,000 after buying an additional 1,160,574 shares during the last quarter. FIL Ltd grew its stake in shares of Maxim Integrated Products by 29.8% in the 1st quarter. FIL Ltd now owns 3,507,107 shares of the semiconductor company’s stock worth $186,472,000 after acquiring an additional 804,734 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Maxim Integrated Products by 36.9% in the 1st quarter. First Trust Advisors LP now owns 1,718,292 shares of the semiconductor company’s stock worth $91,362,000 after acquiring an additional 462,950 shares in the last quarter. NN Investment Partners Holdings N.V. grew its stake in shares of Maxim Integrated Products by 311.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 514,154 shares of the semiconductor company’s stock worth $30,757,000 after acquiring an additional 389,252 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Maxim Integrated Products by 187.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 451,741 shares of the semiconductor company’s stock worth $27,023,000 after acquiring an additional 294,350 shares in the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.

Shares of NASDAQ MXIM opened at $57.22 on Friday. Maxim Integrated Products Inc. has a one year low of $46.64 and a one year high of $65.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.84 and a quick ratio of 6.18. The firm’s 50 day simple moving average is $55.67 and its two-hundred day simple moving average is $57.04. The stock has a market capitalization of $15.93 billion, a P/E ratio of 24.07, a PEG ratio of 2.29 and a beta of 1.39.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. The firm had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $559.97 million. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue was down 12.0% on a year-over-year basis. As a group, equities analysts expect that Maxim Integrated Products Inc. will post 2.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were issued a $0.48 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.92 annualized dividend and a yield of 3.36%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.46. Maxim Integrated Products’s payout ratio is 79.01%.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Maxim Integrated Products from $61.00 to $56.00 in a research report on Thursday, August 29th. ValuEngine upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. BidaskClub upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 3rd. Deutsche Bank set a $70.00 target price on shares of Maxim Integrated Products and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America lowered shares of Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $61.00.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 7,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $61.16, for a total transaction of $428,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Watkins sold 8,310 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $54.62, for a total value of $453,892.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,568 shares of company stock worth $6,461,292. 0.85% of the stock is currently owned by company insiders.

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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