Affinity Wealth Management purchased a new position in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) during the first quarter, Holdings Channel reports. The firm purchased 5,932 shares of the semiconductor company’s stock, valued at approximately $267,000.

A number of other large investors have also recently added to or reduced their stakes in MXIM. Dodge & Cox purchased a new stake in Maxim Integrated Products during the fourth quarter worth $738,528,000. Norges Bank purchased a new stake in Maxim Integrated Products during the fourth quarter worth $130,287,000. Marshall Wace LLP raised its stake in Maxim Integrated Products by 213.0% in the fourth quarter. Marshall Wace LLP now owns 1,157,828 shares of the semiconductor company’s stock worth $44,657,000 after buying an additional 787,962 shares during the last quarter. Two Sigma Advisers LP raised its stake in Maxim Integrated Products by 68.6% in the third quarter. Two Sigma Advisers LP now owns 1,855,802 shares of the semiconductor company’s stock worth $74,102,000 after buying an additional 755,078 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Maxim Integrated Products by 510.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 564,674 shares of the semiconductor company’s stock worth $21,813,000 after buying an additional 472,110 shares during the last quarter. 90.38% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

Maxim Integrated Products Inc. (NASDAQ:MXIM) traded up 0.27% during mid-day trading on Tuesday, hitting $44.23. 840,837 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $44.85 and a 200 day moving average of $41.70. The stock has a market capitalization of $12.50 billion, a P/E ratio of 25.63 and a beta of 1.14. Maxim Integrated Products Inc. has a 52 week low of $33.38 and a 52 week high of $46.22.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings results on Thursday, January 26th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $551 million for the quarter, compared to the consensus estimate of $542.69 million. Maxim Integrated Products had a net margin of 22.39% and a return on equity of 24.82%. Maxim Integrated Products’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. Equities analysts forecast that Maxim Integrated Products Inc. will post $2.04 earnings per share for the current fiscal year.

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MXIM has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Bank of America Corp raised shares of Maxim Integrated Products from a “neutral” rating to a “buy” rating and lowered their price target for the company from $51.00 to $43.00 in a report on Friday, January 27th. Drexel Hamilton raised their price target on shares of Maxim Integrated Products from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, January 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $49.00 price target (up from $45.00) on shares of Maxim Integrated Products in a report on Tuesday, January 31st. Finally, Stifel Nicolaus raised their price target on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.89.

In related news, insider Anthony Stratakos sold 14,762 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $44.32, for a total value of $654,251.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $44.90, for a total transaction of $1,122,500.00. The disclosure for this sale can be found here. Insiders sold a total of 202,058 shares of company stock worth $8,933,685 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NASDAQ:MXIM

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