QS Investors LLC decreased its position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 306,993 shares of the semiconductor company’s stock after selling 30,483 shares during the period. QS Investors LLC’s holdings in Maxim Integrated Products were worth $16,050,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in MXIM. Cerebellum GP LLC acquired a new position in Maxim Integrated Products during the 4th quarter worth $121,000. Aviance Capital Management LLC grew its holdings in Maxim Integrated Products by 38,728.6% during the 4th quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock worth $142,000 after acquiring an additional 2,711 shares in the last quarter. NuWave Investment Management LLC acquired a new position in Maxim Integrated Products during the 4th quarter worth $169,000. IBM Retirement Fund acquired a new position in Maxim Integrated Products during the 3rd quarter worth $200,000. Finally, Rational Advisors LLC acquired a new position in Maxim Integrated Products during the 3rd quarter worth $210,000.
Maxim Integrated Products Inc. (NASDAQ MXIM) opened at $63.46 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.14 and a current ratio of 4.48. The stock has a market cap of $13,850.00, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14. Maxim Integrated Products Inc. has a one year low of $43.35 and a one year high of $74.94.
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 represents a $1.68 dividend on an annualized basis and a yield of 2.65%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 28th. Maxim Integrated Products’s payout ratio is presently 75.68%.
Several research analysts have weighed in on the stock. ValuEngine lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Wednesday. Macquarie lowered shares of Maxim Integrated Products from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $62.00 to $64.00 in a report on Wednesday, February 28th. B. Riley reissued a “hold” rating and set a $54.00 price objective on shares of Maxim Integrated Products in a report on Friday, January 26th. SunTrust Banks reissued a “hold” rating and set a $63.00 price objective on shares of Maxim Integrated Products in a report on Friday, January 26th. Finally, Oppenheimer reissued a “hold” rating on shares of Maxim Integrated Products in a report on Friday, January 26th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and a consensus price target of $54.86.
In other Maxim Integrated Products news, Director Mary Ann Wright sold 440 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $60.72, for a total transaction of $26,716.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Bergman sold 30,300 shares of the business’s stock in a transaction dated 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. Insiders have sold a total of 241,630 shares of company stock valued at $14,516,267 over the last three months. 1.11% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION WARNING: This news story was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2018/03/11/qs-investors-llc-has-16-05-million-position-in-maxim-integrated-products-inc-mxim.html.
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.
Want to see what other hedge funds are holding MXIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxim Integrated Products Inc. (NASDAQ:MXIM).
Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.