Today, Ancora Inverness LLC decides to keep it stake in Maxim Integrated Products Inc. (MXIM) to the level of $814,000

Today, Ancora Inverness LLC decides to keep it stake in Maxim Integrated Products Inc. (MXIM) to the level of $814,000

Ancora Inverness LLC increased its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 20,377 shares of the company’s stock after buying an additional 161 shares during the period. Ancora Inverness LLC’s holdings in Maxim Integrated Products were worth $814,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MXIM. Hamlin Capital Management LLC increased its stake in shares of Maxim Integrated Products by 1.9% in the second quarter. Hamlin Capital Management LLC now owns 1,505,164 shares of the company’s stock worth $53,719,000 after buying an additional 28,489 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Maxim Integrated Products by 5.1% in the second quarter. Gulf International Bank UK Ltd now owns 82,384 shares of the company’s stock worth $2,940,000 after buying an additional 4,000 shares in the last quarter. Boston Advisors LLC increased its stake in shares of Maxim Integrated Products by 16.3% in the second quarter. Boston Advisors LLC now owns 683,110 shares of the company’s stock worth $24,380,000 after buying an additional 95,582 shares in the last quarter. Hartford Investment Management Co. increased its stake in shares of Maxim Integrated Products by 28.6% in the second quarter. Hartford Investment Management Co. now owns 8,511 shares of the company’s stock worth $304,000 after buying an additional 1,895 shares in the last quarter. Finally, Capital Fund Management S.A. increased its stake in shares of Maxim Integrated Products by 155.5% in the second quarter. Capital Fund Management S.A. now owns 382,829 shares of the company’s stock worth $13,663,000 after buying an additional 232,968 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at 39.96 on Friday. The stock has a 50 day moving average price of $39.34 and a 200 day moving average price of $38.68. The firm has a market capitalization of $11.32 billion, a P/E ratio of 26.48 and a beta of 1.13. Maxim Integrated Products Inc. has a 52 week low of $30.28 and a 52 week high of $42.37.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, October 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. Maxim Integrated Products had a net margin of 19.93% and a return on equity of 22.94%. The company earned $561.40 million during the quarter, compared to analyst estimates of $560.84 million. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Analysts forecast that Maxim Integrated Products Inc. will post $1.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, November 29th. Maxim Integrated Products’s dividend payout ratio is presently 87.42%.

A number of equities research analysts recently issued reports on MXIM shares. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. Maxim Group downgraded Maxim Integrated Products from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 8th. Barclays PLC raised their target price on Maxim Integrated Products from $35.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 31st. Pacific Crest reaffirmed an “overweight” rating on shares of Maxim Integrated Products in a report on Thursday, September 15th. Finally, Royal Bank Of Canada downgraded Maxim Integrated Products from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. Maxim Integrated Products presently has an average rating of “Hold” and a consensus target price of $41.07.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 20,500 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $40.03, for a total value of $820,615.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

Want to see what other hedge funds are holding MXIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxim Integrated Products Inc. (NASDAQ:MXIM).

Receive News & Ratings for Maxim Integrated Products Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Maxim Integrated Products Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment