Janney Montgomery Scott LLC increased its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 158.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,391 shares of the semiconductor company’s stock after acquiring an additional 12,494 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Maxim Integrated Products were worth $1,150,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Investment Partners LTD. acquired a new position in shares of Maxim Integrated Products in the third quarter worth about $314,000. Capital Advisors Ltd. LLC acquired a new position in shares of Maxim Integrated Products in the third quarter worth about $114,000. Legacy Advisors LLC acquired a new position in shares of Maxim Integrated Products in the third quarter worth about $116,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Maxim Integrated Products by 91.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,073 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 989 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Maxim Integrated Products in the third quarter worth about $119,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Several research firms recently commented on MXIM. BidaskClub upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup boosted their price target on Maxim Integrated Products from $56.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. Goldman Sachs Group cut Maxim Integrated Products from a “neutral” rating to a “sell” rating in a research note on Thursday, October 18th. Barclays cut their price target on Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Finally, SunTrust Banks cut their price target on Maxim Integrated Products to $51.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.76.
Shares of Maxim Integrated Products stock opened at $52.76 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.57 and a quick ratio of 3.27. The stock has a market capitalization of $14.54 billion, a P/E ratio of 19.47, a PEG ratio of 1.66 and a beta of 1.28. Maxim Integrated Products Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $74.94.
Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $638.50 million during 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%. Maxim Integrated Products’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. Equities research analysts anticipate 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. Investors 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 is Wednesday, November 28th. Maxim Integrated Products’s dividend payout ratio is currently 67.90%.
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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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