Today The BB&T Corp Boosts Position in Maxim Integrated Products, Inc. (MXIM)

Today The BB&T Corp Boosts Position in Maxim Integrated Products, Inc. (MXIM)

BB&T Corp increased its stake in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 406,475 shares of the company’s stock after buying an additional 5,518 shares during the period. BB&T Corp’s holdings in Maxim Integrated Products were worth $16,231,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MXIM. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Maxim Integrated Products by 1.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 192,713 shares of the company’s stock valued at $6,878,000 after buying an additional 2,394 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Maxim Integrated Products by 128.4% in the second quarter. Bank of New York Mellon Corp now owns 7,903,354 shares of the company’s stock valued at $282,070,000 after buying an additional 4,442,676 shares during the last quarter. Boston Private Wealth LLC raised its stake in shares of Maxim Integrated Products by 9.7% in the second quarter. Boston Private Wealth LLC now owns 32,976 shares of the company’s stock valued at $1,177,000 after buying an additional 2,919 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Maxim Integrated Products by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,758 shares of the company’s stock valued at $705,000 after buying an additional 356 shares during the last quarter. Finally, Trillium Asset Management LLC raised its stake in shares of Maxim Integrated Products by 382.9% in the second quarter. Trillium Asset Management LLC now owns 191,044 shares of the company’s stock valued at $6,818,000 after buying an additional 151,483 shares during the last quarter. 90.41% of the stock is owned by institutional investors.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded up 0.64% during mid-day trading on Wednesday, reaching $42.30. The company’s stock had a trading volume of 194,285 shares. The firm has a market cap of $11.98 billion, a PE ratio of 28.03 and a beta of 1.10. Maxim Integrated Products, Inc. has a 12-month low of $30.31 and a 12-month high of $42.65. The company has a 50-day moving average price of $39.70 and a 200-day moving average price of $39.58.

Several equities research analysts recently commented on MXIM shares. Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, December 21st. Drexel Hamilton increased their price target on Maxim Integrated Products from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Maxim Integrated Products in a report on Sunday, October 23rd. B. Riley reiterated a “neutral” rating and issued a $38.50 price target on shares of Maxim Integrated Products in a report on Thursday, October 27th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $37.00 price target (up previously from $30.50) on shares of Maxim Integrated Products in a report on Monday, October 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $41.60.

In related news, VP Vivek Jain sold 3,273 shares of the company’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $41.42, for a total value of $135,567.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Christopher J. Neil sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $40.00, for a total value of $400,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,273 shares of company stock worth $2,628,388. Insiders own 1.30% of the company’s stock.

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.

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