Ridgewood Investments LLC Grows Position in Maxim Integrated Products Inc. (MXIM)

Ridgewood Investments LLC increased its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 19.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,485 shares of the semiconductor company’s stock after acquiring an additional 2,199 shares during the quarter. Ridgewood Investments LLC’s holdings in Maxim Integrated Products were worth $717,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc lifted its stake in Maxim Integrated Products by 0.5% in the third quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock worth $1,580,346,000 after acquiring an additional 150,909 shares during the period. Bank of New York Mellon Corp raised its holdings in Maxim Integrated Products by 897,788.1% in the third quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock worth $574,673,000 after purchasing an additional 10,189,895 shares in the last quarter. American International Group Inc. raised its holdings in Maxim Integrated Products by 27,390.1% in the fourth quarter. American International Group Inc. now owns 7,638,121 shares of the semiconductor company’s stock worth $388,398,000 after purchasing an additional 7,610,336 shares in the last quarter. Geode Capital Management LLC raised its holdings in Maxim Integrated Products by 37.6% in the fourth quarter. Geode Capital Management LLC now owns 4,250,844 shares of the semiconductor company’s stock worth $215,856,000 after purchasing an additional 1,160,574 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Maxim Integrated Products by 51.0% in the fourth quarter. Northern Trust Corp now owns 3,706,020 shares of the semiconductor company’s stock worth $188,452,000 after purchasing an additional 1,252,400 shares in the last quarter. 98.56% of the stock is owned by institutional investors.

In related news, VP David Loftus sold 13,614 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $53.81, for a total value of $732,569.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bruce E. Kiddoo sold 8,062 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $55.60, for a total transaction of $448,247.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,880 shares of company stock worth $3,476,301. Corporate insiders own 0.85% of the company’s stock.

Shares of MXIM traded down $0.20 during mid-day trading on Monday, hitting $59.10. 807,652 shares of the company traded hands, compared to its average volume of 1,714,880. Maxim Integrated Products Inc. has a 1-year low of $46.64 and a 1-year high of $63.68. The company has a quick ratio of 5.85, a current ratio of 6.54 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.21 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.02). Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%. The company had revenue of $576.91 million for the quarter, compared to analyst estimates of $590.50 million. On average, research analysts anticipate that Maxim Integrated Products Inc. will post 2.44 EPS for the current fiscal year.

A number of equities analysts have commented on MXIM shares. Morgan Stanley reduced their target price on shares of Maxim Integrated Products from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, December 19th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Bank of America downgraded shares of Maxim Integrated Products from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. Evercore ISI reduced their target price on shares of Maxim Integrated Products from $60.00 to $55.00 in a report on Monday, January 14th. Finally, BidaskClub upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.67.

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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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