Today The Prudential Financial Inc. Has $1,032,000 Position in Maxim Integrated Products, Inc. (MXIM)

Today The Prudential Financial Inc. Has $1,032,000 Position in Maxim Integrated Products, Inc. (MXIM)

Prudential Financial Inc. boosted its position in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,857 shares of the company’s stock after buying an additional 830 shares during the period. Prudential Financial Inc.’s holdings in Maxim Integrated Products were worth $1,032,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MXIM. FMR LLC raised its stake in Maxim Integrated Products by 0.3% in the second quarter. FMR LLC now owns 21,422,164 shares of the company’s stock worth $764,557,000 after buying an additional 71,389 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Maxim Integrated Products by 35.7% in the third quarter. Bank of New York Mellon Corp now owns 10,722,906 shares of the company’s stock worth $428,165,000 after buying an additional 2,819,552 shares in the last quarter. American Century Companies Inc. raised its stake in Maxim Integrated Products by 18.1% in the second quarter. American Century Companies Inc. now owns 9,717,183 shares of the company’s stock worth $346,806,000 after buying an additional 1,486,323 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Maxim Integrated Products by 8.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,948,197 shares of the company’s stock worth $283,671,000 after buying an additional 637,569 shares in the last quarter. Finally, State Street Corp raised its stake in Maxim Integrated Products by 0.8% in the second quarter. State Street Corp now owns 5,757,705 shares of the company’s stock worth $205,485,000 after buying an additional 45,084 shares in the last quarter. Institutional investors own 90.41% of the company’s stock.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded up 0.10% during midday trading on Wednesday, reaching $42.07. 1,567,397 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $39.70 and its 200 day moving average price is $39.58. Maxim Integrated Products, Inc. has a 52-week low of $30.31 and a 52-week high of $42.65. The firm has a market capitalization of $11.92 billion, a P/E ratio of 27.88 and a beta of 1.10.

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

In other Maxim Integrated Products news, VP Christopher J. Neil sold 10,000 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tunc Doluca sold 18,500 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $39.46, for a total value of $730,010.00. The disclosure for this sale can be found here. Insiders have sold 66,273 shares of company stock valued at $2,628,388 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

About Maxim Integrated Products

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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