First Quadrant L P CA acquired a new stake in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 350,648 shares of the semiconductor company’s stock, valued at approximately $15,744,000. First Quadrant L P CA owned about 0.12% of Maxim Integrated Products at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Comerica Bank acquired a new position in Maxim Integrated Products during the fourth quarter worth $580,000. Dimensional Fund Advisors LP boosted its position in Maxim Integrated Products by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 620,466 shares of the semiconductor company’s stock worth $23,934,000 after buying an additional 40,207 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Maxim Integrated Products by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,555 shares of the semiconductor company’s stock worth $178,000 after buying an additional 12 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Maxim Integrated Products by 15.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,798,718 shares of the semiconductor company’s stock worth $107,946,000 after buying an additional 368,401 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Maxim Integrated Products by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 443,311 shares of the semiconductor company’s stock worth $17,099,000 after buying an additional 40,859 shares during the last quarter. 89.40% of the stock is owned by institutional investors and hedge funds.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up 1.4245% during mid-day trading on Thursday, hitting $47.7811. The stock had a trading volume of 483,172 shares. The stock has a market cap of $13.50 billion, a P/E ratio of 27.4604 and a beta of 1.04. Maxim Integrated Products, Inc. has a 12-month low of $37.25 and a 12-month high of $49.70. The company’s 50 day moving average price is $46.55 and its 200 day moving average price is $44.99.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $581 million for the quarter, compared to analyst estimates of $575.83 million. Maxim Integrated Products had a net margin of 22.16% and a return on equity of 26.73%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Equities research analysts predict that Maxim Integrated Products, Inc. will post $2.12 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on MXIM shares. MKM Partners started coverage on Maxim Integrated Products in a report on Friday, April 7th. They issued a “neutral” rating and a $48.00 price target for the company. Macquarie began coverage on Maxim Integrated Products in a report on Friday, March 31st. They issued an “outperform” rating and a $52.00 price target for the company. Drexel Hamilton reiterated a “buy” rating and set a $52.00 price objective (up from $46.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Citigroup Inc. reiterated a “neutral” rating and set a $44.00 price objective (up from $41.00) on shares of Maxim Integrated Products in a research note on Tuesday, April 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $51.00 price objective (up from $49.00) on shares of Maxim Integrated Products in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Maxim Integrated Products presently has an average rating of “Hold” and an average target price of $47.44.

In related news, CEO Tunc Doluca sold 6,000 shares of Maxim Integrated Products stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $49.00, for a total transaction of $294,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Vivek Jain sold 616 shares of Maxim Integrated Products stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $46.85, for a total transaction of $28,859.60. The disclosure for this sale can be found here. Insiders have sold a total of 241,548 shares of company stock worth $11,148,556 in the last 90 days. Company 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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Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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