Quantbot Technologies LP raised its stake in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 516.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,579 shares of the semiconductor company’s stock after purchasing an additional 67,514 shares during the quarter. Quantbot Technologies LP’s holdings in Maxim Integrated Products were worth $3,617,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MXIM. Fiera Capital Corp boosted its holdings in shares of Maxim Integrated Products by 0.7% during the 2nd quarter. Fiera Capital Corp now owns 15,596 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 107 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Maxim Integrated Products by 2.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,871 shares of the semiconductor company’s stock valued at $398,000 after buying an additional 181 shares in the last quarter. Weaver C. Barksdale & Associates Inc. boosted its holdings in shares of Maxim Integrated Products by 0.8% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 31,651 shares of the semiconductor company’s stock valued at $1,421,000 after buying an additional 240 shares in the last quarter. Foresters Investment Management Company Inc. boosted its holdings in shares of Maxim Integrated Products by 4.5% during the 1st 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. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Maxim Integrated Products by 1.0% during the 2nd 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. 89.38% of the stock is currently owned by institutional investors and hedge funds.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $44.72, for a total value of $536,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bruce E. Kiddoo sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $45.28, for a total value of $1,132,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 133,443 shares of company stock valued at $6,077,906. Corporate insiders own 1.30% of the company’s stock.

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Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded up 0.93% during trading on Friday, reaching $46.86. 253,926 shares of the company’s stock traded hands. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 23.67 and a beta of 1.04. The company has a 50 day moving average of $45.58 and a 200 day moving average of $45.73. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 72.36%.

Maxim Integrated Products announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 20th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

A number of analysts have recently commented on the stock. 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 report on Friday, June 9th. Jefferies Group LLC restated a “buy” rating on shares of Maxim Integrated Products in a report on Tuesday, July 11th. BidaskClub upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Loop Capital restated a “buy” rating and set a $53.00 target price on shares of Maxim Integrated Products in a report on Thursday, August 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $54.00 target price (up previously from $52.00) on shares of Maxim Integrated Products in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $47.80.

Maxim Integrated Products Company Profile

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.

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

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