Maxim Integrated Products Inc. (MXIM) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,766,421 shares of the semiconductor company’s stock after purchasing an additional 196,139 shares during the quarter. Wells Fargo & Company MN’s holdings in Maxim Integrated Products were worth $353,748,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MXIM. Cerebellum GP LLC bought a new position in shares of Maxim Integrated Products in the 4th quarter worth approximately $121,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Maxim Integrated Products in the 3rd quarter worth approximately $128,000. Aviance Capital Management LLC lifted its stake in shares of Maxim Integrated Products by 38,728.6% in the 4th quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 2,711 shares during the period. NuWave Investment Management LLC bought a new position in shares of Maxim Integrated Products in the 4th quarter worth approximately $169,000. Finally, Toronto Dominion Bank lifted 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 worth $156,000 after purchasing an additional 375 shares during the period.

Shares of Maxim Integrated Products Inc. (NASDAQ MXIM) opened at $59.14 on Thursday. Maxim Integrated Products Inc. has a one year low of $43.35 and a one year high of $74.94. The company has a market cap of $12,730.61, a P/E ratio of 44.47, a price-to-earnings-growth ratio of 2.15 and a beta of 1.20. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.50.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, January 25th. The semiconductor company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. Maxim Integrated Products had a net margin of 16.08% and a return on equity of 32.59%. The company had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $620.46 million. During the same quarter last year, the business earned $0.46 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. equities analysts forecast that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.42 per share. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.84%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 108.27%.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 31,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $61.16, for a total transaction of $1,895,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James R. Bergman sold 30,300 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $62.40, for a total transaction of $1,890,720.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 232,956 shares of company stock worth $13,551,666. 1.11% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on MXIM shares. Barclays increased their price objective on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Maxim Group increased their price objective on shares of Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Drexel Hamilton increased their price objective on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Stifel Nicolaus increased their price objective on shares of Maxim Integrated Products from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, B. Riley increased their price objective on shares of Maxim Integrated Products from $47.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.29.

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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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