Accredited Investors Inc. Takes Position in Maxim Integrated Products Inc. (MXIM)

Accredited Investors Inc. bought a new position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,000 shares of the semiconductor company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Avitas Wealth Management LLC increased its position in Maxim Integrated Products by 4.5% during the third quarter. Avitas Wealth Management LLC now owns 57,193 shares of the semiconductor company’s stock worth $3,225,000 after buying an additional 2,454 shares during the period. Vanguard Group Inc increased its position in Maxim Integrated Products by 0.5% during the third quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock worth $1,580,346,000 after buying an additional 150,909 shares during the period. Conning Inc. increased its position in Maxim Integrated Products by 4.9% during the fourth quarter. Conning Inc. now owns 138,822 shares of the semiconductor company’s stock worth $7,059,000 after buying an additional 6,517 shares during the period. Kepos Capital LP acquired a new position in Maxim Integrated Products during the third quarter worth approximately $3,075,000. Finally, Davidson Investment Advisors increased its position in Maxim Integrated Products by 1.2% during the fourth quarter. Davidson Investment Advisors now owns 195,988 shares of the semiconductor company’s stock worth $9,966,000 after buying an additional 2,258 shares during the period. 93.69% of the stock is currently owned by institutional investors and hedge funds.

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In other Maxim Integrated Products news, CEO Tunc Doluca sold 2,500 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $54.96, for a total transaction of $137,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Bergman sold 14,210 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $56.46, for a total value of $802,296.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,520 shares of company stock worth $2,241,832. 0.85% of the stock is owned by company insiders.

MXIM has been the topic of several research analyst reports. BidaskClub raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Morgan Stanley cut their price target on Maxim Integrated Products from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 19th. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. Bank of America lowered Maxim Integrated Products from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. Finally, Evercore ISI cut their price target on Maxim Integrated Products from $60.00 to $55.00 in a research report on Monday, January 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Maxim Integrated Products presently has an average rating of “Hold” and a consensus target price of $59.67.

MXIM opened at $52.37 on Friday. The company has a current ratio of 6.54, a quick ratio of 5.85 and a debt-to-equity ratio of 0.57. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.95 and a beta of 1.35. Maxim Integrated Products Inc. has a one year low of $46.64 and a one year high of $64.40.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). The firm had revenue of $576.91 million for the quarter, compared to analysts’ expectations of $590.50 million. Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. On average, equities analysts anticipate that Maxim Integrated Products Inc. will post 2.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.84 dividend on an annualized basis and a yield of 3.51%. Maxim Integrated Products’s payout ratio is 67.90%.

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About Maxim Integrated Products

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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