Robecosam AG Boosts Stock Holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM)

Robecosam AG increased its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 11.1% during the 4th quarter, HoldingsChannel reports. The fund owned 1,615,000 shares of the semiconductor company’s stock after buying an additional 161,000 shares during the period. Maxim Integrated Products accounts for approximately 3.7% of Robecosam AG’s portfolio, making the stock its 4th biggest holding. Robecosam AG’s holdings in Maxim Integrated Products were worth $99,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in shares of Maxim Integrated Products in the fourth quarter worth approximately $115,187,000. Bank of New York Mellon Corp lifted its stake in shares of Maxim Integrated Products by 9.0% in the fourth quarter. Bank of New York Mellon Corp now owns 11,769,518 shares of the semiconductor company’s stock worth $723,944,000 after buying an additional 975,455 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Maxim Integrated Products by 110.6% in the fourth quarter. Janus Henderson Group PLC now owns 1,330,631 shares of the semiconductor company’s stock worth $81,851,000 after buying an additional 698,668 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Maxim Integrated Products by 164.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,026,000 shares of the semiconductor company’s stock worth $63,109,000 after buying an additional 638,022 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Maxim Integrated Products by 135.3% in the fourth quarter. AQR Capital Management LLC now owns 839,518 shares of the semiconductor company’s stock worth $51,639,000 after buying an additional 482,796 shares in the last quarter. 91.19% of the stock is currently owned by institutional investors and hedge funds.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 19,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.00, for a total transaction of $1,178,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bryan Preeshl sold 1,050 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $63.14, for a total transaction of $66,297.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,760 shares of company stock valued at $2,244,751. 0.84% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on MXIM shares. Credit Suisse Group upped their target price on shares of Maxim Integrated Products from $62.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Cowen upped their target price on shares of Maxim Integrated Products from $62.00 to $65.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Nomura started coverage on shares of Maxim Integrated Products in a research report on Friday, March 20th. They set a “neutral” rating and a $50.00 price objective on the stock. Barclays downgraded shares of Maxim Integrated Products from an “equal weight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research report on Thursday, January 16th. Finally, Loop Capital increased their price objective on shares of Maxim Integrated Products to and gave the company a “buy” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $63.87.

Maxim Integrated Products stock traded up $1.57 during midday trading on Thursday, reaching $50.18. 3,799,101 shares of the company traded hands, compared to its average volume of 2,397,918. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The business has a 50 day moving average of $55.70 and a two-hundred day moving average of $58.22. Maxim Integrated Products Inc. has a 12 month low of $41.93 and a 12 month high of $65.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.60 and a quick ratio of 5.98.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Tuesday, January 28th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. Maxim Integrated Products had a net margin of 35.93% and a return on equity of 33.82%. The company had revenue of $551.07 million for the quarter, compared to the consensus estimate of $545.16 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Maxim Integrated Products Inc. will post 2.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.92 dividend on an annualized basis and a yield of 3.83%. Maxim Integrated Products’s dividend payout ratio is currently 79.01%.

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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