Nomura Asset Management Co. Ltd. Has $9.17 Million Position in Maxim Integrated Products Inc. (MXIM)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 2.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 162,555 shares of the semiconductor company’s stock after acquiring an additional 3,362 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.06% of Maxim Integrated Products worth $9,167,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MXIM. Investment Partners LTD. bought a new stake in Maxim Integrated Products during the 3rd quarter valued at approximately $314,000. Kiley Juergens Wealth Management LLC bought a new stake in Maxim Integrated Products during the 2nd quarter valued at approximately $117,000. Capital Advisors Ltd. LLC bought a new stake in Maxim Integrated Products during the 3rd quarter valued at approximately $114,000. Legacy Advisors LLC bought a new stake in Maxim Integrated Products during the 3rd quarter valued at approximately $116,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Maxim Integrated Products by 91.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,073 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 989 shares during the period. Institutional investors own 90.14% of the company’s stock.

Several brokerages recently weighed in on MXIM. JPMorgan Chase & Co. increased their target price on Maxim Integrated Products from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Deutsche Bank decreased their target price on Maxim Integrated Products from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Barclays decreased their target price on Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd. Citigroup decreased their target price on Maxim Integrated Products from $61.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Finally, BMO Capital Markets increased their target price on Maxim Integrated Products from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Maxim Integrated Products presently has a consensus rating of “Hold” and a consensus target price of $60.76.

NASDAQ MXIM opened at $53.43 on Friday. The company has a market cap of $14.25 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28. Maxim Integrated Products Inc. has a one year low of $46.85 and a one year high of $74.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.27 and a current ratio of 3.57.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.75. The firm had revenue of $638.50 million for the quarter, compared to analyst estimates of $635.19 million. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. Analysts forecast that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be given a $0.46 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.44%. Maxim Integrated Products’s payout ratio is 67.90%.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 5,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $56.80, for a total value of $284,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bryan Preeshl sold 1,371 shares of the stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $62.09, for a total value of $85,125.39. The disclosure for this sale can be found here. Insiders sold a total of 17,994 shares of company stock worth $1,061,472 over the last quarter. Corporate insiders own 0.85% of the company’s stock.

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Maxim Integrated Products Company 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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