Capstone Asset Management Co. increased its stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,255 shares of the semiconductor company’s stock after buying an additional 340 shares during the period. Capstone Asset Management Co.’s holdings in Maxim Integrated Products were worth $326,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its position in Maxim Integrated Products by 0.3% in the first quarter. Shell Asset Management Co. now owns 18,656 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 54 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in Maxim Integrated Products by 2.5% in the first quarter. Gateway Investment Advisers LLC now owns 8,690 shares of the semiconductor company’s stock valued at $391,000 after buying an additional 216 shares in the last quarter. Foresters Investment Management Company Inc. boosted its position in Maxim Integrated Products by 4.5% in the first quarter. Foresters Investment Management Company Inc. now owns 7,000 shares of the semiconductor company’s stock valued at $315,000 after buying an additional 300 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in Maxim Integrated Products by 1.0% in the second quarter. Xact Kapitalforvaltning AB now owns 30,734 shares of the semiconductor company’s stock valued at $1,380,000 after buying an additional 315 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Maxim Integrated Products by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,555 shares of the semiconductor company’s stock valued at $318,000 after buying an additional 320 shares in the last quarter. 89.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded up 1.12% during mid-day trading on Friday, reaching $44.39. The company’s stock had a trading volume of 1,725,613 shares. The firm’s 50-day moving average price is $45.51 and its 200 day moving average price is $45.48. The firm has a market cap of $12.55 billion, a P/E ratio of 22.42 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.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.45% and a net margin of 24.90%. The company had revenue of $602 million for the quarter, compared to analyst estimates of $609.52 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

Maxim Integrated Products announced that its board has authorized a share repurchase program on Thursday, July 20th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s dividend payout ratio is currently 66.33%.

TRADEMARK VIOLATION WARNING: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/12/capstone-asset-management-co-has-326000-stake-in-maxim-integrated-products-inc-mxim.html.

Several research analysts have recently weighed in on MXIM shares. Drexel Hamilton restated a “buy” rating and issued a $52.00 price target (up previously from $46.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target (up previously from $44.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Jefferies Group LLC restated a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Loop Capital restated a “buy” rating and issued a $51.00 price target (up previously from $50.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Finally, Maxim Group restated a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and a consensus price target of $47.61.

In other news, VP Vivek Jain sold 47,700 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $47.91, for a total transaction of $2,285,307.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Edwin Medlin sold 30,646 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $46.99, for a total value of $1,440,055.54. The disclosure for this sale can be found here. Insiders have sold 167,548 shares of company stock worth $7,870,211 in the last ninety days. 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.

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).

Institutional Ownership by Quarter for Maxim Integrated Products (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.