Candriam Luxembourg S.C.A. Invests $647,000 in Maxim Integrated Products Inc. (MXIM) Stock

Candriam Luxembourg S.C.A. purchased a new position in Maxim Integrated Products Inc. (NASDAQ:MXIM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,469 shares of the semiconductor company’s stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of Maxim Integrated Products by 279.5% during the second quarter. Voya Investment Management LLC now owns 707,834 shares of the semiconductor company’s stock valued at $41,521,000 after buying an additional 521,306 shares during the last quarter. Ardevora Asset Management LLP grew its holdings in shares of Maxim Integrated Products by 804.5% during the second quarter. Ardevora Asset Management LLP now owns 580,078 shares of the semiconductor company’s stock valued at $34,027,000 after buying an additional 515,948 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Maxim Integrated Products by 25.4% during the second quarter. First Trust Advisors LP now owns 2,088,408 shares of the semiconductor company’s stock valued at $122,506,000 after buying an additional 422,378 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC purchased a new stake in shares of Maxim Integrated Products during the second quarter valued at $22,169,000. Finally, Robecosam AG grew its holdings in shares of Maxim Integrated Products by 29.8% during the second quarter. Robecosam AG now owns 1,350,000 shares of the semiconductor company’s stock valued at $78,651,000 after buying an additional 310,000 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on MXIM. BidaskClub raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Friday. Citigroup boosted their price objective on shares of Maxim Integrated Products from $56.00 to $61.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Goldman Sachs Group lowered shares of Maxim Integrated Products from a “neutral” rating to a “sell” rating in a report on Thursday, October 18th. Barclays dropped their price objective on shares of Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. Finally, SunTrust Banks dropped their price objective on shares of Maxim Integrated Products to $51.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.76.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 5,000 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $56.80, for a total value of $284,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Bergman sold 4,400 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $53.24, for a total transaction of $234,256.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,023 shares of company stock worth $1,210,602. 0.85% of the stock is owned by corporate insiders.

NASDAQ:MXIM opened at $52.76 on Friday. 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. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.28.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results 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 company had revenue of $638.50 million for the quarter, compared to analyst estimates of $635.19 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current year.

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

TRADEMARK VIOLATION NOTICE: This news story was posted by WKRB News and is owned by of WKRB News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.wkrb13.com/2018/11/25/candriam-luxembourg-s-c-a-invests-647000-in-maxim-integrated-products-inc-mxim-stock.html.

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.

Featured Story: What is systematic risk?

Institutional Ownership by Quarter for Maxim Integrated Products (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.

Leave a Reply