Bank of Hawaii Decreases Holdings in Maxim Integrated Products Inc. (MXIM)

Bank of Hawaii cut its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 18.9% in the third quarter, Holdings Channel reports. The institutional investor owned 5,520 shares of the semiconductor company’s stock after selling 1,290 shares during the quarter. Bank of Hawaii’s holdings in Maxim Integrated Products were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BSW Wealth Partners bought a new position in Maxim Integrated Products in the 3rd quarter worth $221,000. BBT Capital Management LLC bought a new position in Maxim Integrated Products in the 3rd quarter worth $1,079,000. BlackRock Inc. boosted its holdings in Maxim Integrated Products by 4.7% in the 3rd quarter. BlackRock Inc. now owns 24,164,756 shares of the semiconductor company’s stock worth $1,362,651,000 after buying an additional 1,077,289 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Maxim Integrated Products by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 244,610 shares of the semiconductor company’s stock worth $13,794,000 after buying an additional 1,026 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Maxim Integrated Products by 897,788.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock worth $574,673,000 after buying an additional 10,189,895 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

In other Maxim Integrated Products news, VP David Loftus sold 6,623 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph R. Bronson sold 5,000 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $58.98, for a total transaction of $294,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,023 shares of company stock valued at $1,210,602 in the last three months. Insiders own 0.85% of the company’s stock.

Several research analysts recently weighed in on MXIM shares. Morgan Stanley dropped their target price on shares of Maxim Integrated Products from $60.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Stifel Nicolaus downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $65.00 in a report on Wednesday, September 12th. ValuEngine downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, BidaskClub downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. Maxim Integrated Products currently has a consensus rating of “Hold” and a consensus price target of $60.76.

MXIM opened at $52.76 on Friday. Maxim Integrated Products Inc. has a 52 week low of $46.85 and a 52 week high of $74.94. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.66 and a beta of 1.28. The company has a quick ratio of 3.27, a current ratio of 3.57 and a debt-to-equity ratio of 0.52.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. The business had revenue of $638.50 million during the quarter, compared to the consensus estimate of $635.19 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that Maxim Integrated Products Inc. will post 2.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Wednesday, November 28th. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 67.90%.

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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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