GSA Capital Partners LLP Sells 59,090 Shares of Maxim Integrated Products Inc. (MXIM)

GSA Capital Partners LLP reduced its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 85.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,311 shares of the semiconductor company’s stock after selling 59,090 shares during the quarter. GSA Capital Partners LLP’s holdings in Maxim Integrated Products were worth $605,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Swiss National Bank grew its stake in shares of Maxim Integrated Products by 3.3% during the 2nd quarter. Swiss National Bank now owns 931,371 shares of the semiconductor company’s stock worth $54,634,000 after purchasing an additional 30,000 shares during the period. FDx Advisors Inc. grew its stake in shares of Maxim Integrated Products by 46.4% during the 2nd quarter. FDx Advisors Inc. now owns 12,760 shares of the semiconductor company’s stock worth $749,000 after purchasing an additional 4,044 shares during the period. American Century Companies Inc. grew its stake in shares of Maxim Integrated Products by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 12,403,852 shares of the semiconductor company’s stock worth $727,610,000 after purchasing an additional 47,691 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Maxim Integrated Products by 2.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,347,688 shares of the semiconductor company’s stock worth $79,056,000 after purchasing an additional 33,083 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Maxim Integrated Products by 34.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 126,080 shares of the semiconductor company’s stock worth $7,375,000 after purchasing an additional 32,055 shares during the period. 90.72% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on MXIM. BMO Capital Markets upped their price target on shares of Maxim Integrated Products from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 27th. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, July 27th. ValuEngine cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, BidaskClub cut shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Fifteen investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Maxim Integrated Products currently has an average rating of “Hold” and a consensus target price of $61.06.

Maxim Integrated Products stock opened at $57.91 on Friday. Maxim Integrated Products Inc. has a 52 week low of $45.79 and a 52 week high of $74.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.67 and a current ratio of 4.03. The stock has a market capitalization of $16.01 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $633.10 million for the quarter, compared to analyst estimates of $630.39 million. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 38.37%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. analysts forecast that Maxim Integrated Products Inc. will post 3.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.18%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, August 29th. Maxim Integrated Products’s dividend payout ratio is 67.90%.

In other Maxim Integrated Products news, VP Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $63.00, for a total value of $1,575,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David Loftus sold 6,623 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $60.01, for a total transaction of $397,446.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,379 shares of company stock worth $3,473,981. 1.11% of the stock is owned by insiders.

About Maxim Integrated Products

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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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).

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

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