Bainco International Investors maintained its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,500 shares of the semiconductor company’s stock at the close of the 2nd quarter. Bainco International Investors’ holdings in Maxim Integrated Products were worth $606,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in Maxim Integrated Products by 1,536.5% during the second quarter. Federated Investors Inc. PA now owns 327,522 shares of the semiconductor company’s stock worth $14,706,000 after purchasing an additional 307,509 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Maxim Integrated Products by 483.2% during the second quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after acquiring an additional 1,852,730 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Maxim Integrated Products by 2.0% during the first quarter. California Public Employees Retirement System now owns 683,500 shares of the semiconductor company’s stock worth $30,730,000 after acquiring an additional 13,300 shares during the last quarter. Martingale Asset Management L P grew its position in shares of Maxim Integrated Products by 247.1% during the first quarter. Martingale Asset Management L P now owns 438,194 shares of the semiconductor company’s stock worth $19,702,000 after acquiring an additional 311,939 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Maxim Integrated Products by 4.3% during the first quarter. Pacer Advisors Inc. now owns 8,419 shares of the semiconductor company’s stock worth $379,000 after acquiring an additional 344 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

MXIM has been the topic of a number of research reports. Loop Capital restated a “buy” rating and set a $43.00 target price on shares of Maxim Integrated Products in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Friday, June 9th. Morgan Stanley raised their target price on shares of Maxim Integrated Products from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Maxim Integrated Products in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.06.

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Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded up 0.011% during trading on Tuesday, reaching $46.525. 430,678 shares of the company were exchanged. Maxim Integrated Products, Inc. has a 52-week low of $37.25 and a 52-week high of $49.70. The stock has a market capitalization of $13.12 billion, a PE ratio of 23.497 and a beta of 1.04. The firm’s 50 day moving average is $45.23 and its 200 day moving average is $45.62.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The company had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $609.52 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts expect that Maxim Integrated Products, Inc. will post $2.34 EPS for the current year.

Maxim Integrated Products declared that its board has initiated a stock buyback program on Thursday, July 20th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a $0.36 dividend. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 3.10%. Maxim Integrated Products’s dividend payout ratio is presently 72.36%.

In other news, CFO Bruce E. Kiddoo sold 25,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $45.28, for a total value of $1,132,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tunc Doluca sold 21,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $46.88, for a total value of $984,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 132,883 shares of company stock valued at $6,051,983. 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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