Goelzer Investment Management Inc. cut its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 118,515 shares of the semiconductor company’s stock after selling 2,673 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Maxim Integrated Products were worth $6,196,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MXIM. Teacher Retirement System of Texas grew its holdings in shares of Maxim Integrated Products by 872.0% in the fourth quarter. Teacher Retirement System of Texas now owns 185,508 shares of the semiconductor company’s stock worth $9,698,000 after purchasing an additional 166,423 shares during the last quarter. Jackson Wealth Management LLC grew its holdings in shares of Maxim Integrated Products by 2.4% in the fourth quarter. Jackson Wealth Management LLC now owns 44,659 shares of the semiconductor company’s stock worth $2,404,000 after purchasing an additional 1,036 shares during the last quarter. US Bancorp DE grew its holdings in shares of Maxim Integrated Products by 64.4% in the fourth quarter. US Bancorp DE now owns 111,921 shares of the semiconductor company’s stock worth $5,852,000 after purchasing an additional 43,841 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Maxim Integrated Products by 3.3% in the fourth quarter. Aperio Group LLC now owns 90,367 shares of the semiconductor company’s stock worth $4,724,000 after purchasing an additional 2,903 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Maxim Integrated Products in the fourth quarter worth approximately $240,000.

Shares of Maxim Integrated Products Inc. (MXIM) opened at $55.60 on Friday. Maxim Integrated Products Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $74.94. The company has a market cap of $12,396.74, a price-to-earnings ratio of 41.80, a PEG ratio of 2.10 and a beta of 1.20. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.50.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, January 25th. The semiconductor company reported $0.65 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.65. Maxim Integrated Products had a net margin of 16.08% and a return on equity of 32.59%. The firm had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $620.46 million. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. sell-side analysts forecast that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Wednesday, February 28th. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. Maxim Integrated Products’s payout ratio is 108.27%.

Several research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Maxim Integrated Products from an “underweight” rating to an “equal” rating and set a $44.00 target price on the stock in a report on Tuesday, January 30th. Barclays raised their target price on shares of Maxim Integrated Products from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. BMO Capital Markets raised their target price on shares of Maxim Integrated Products to $55.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Finally, B. Riley restated a “hold” rating and issued a $54.00 target price on shares of Maxim Integrated Products in a report on Friday, January 26th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $54.29.

In other news, VP Vivek Jain sold 1,793 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $53.28, for a total transaction of $95,531.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tunc Doluca sold 31,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $61.16, for a total transaction of $1,895,960.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,749 shares of company stock worth $13,647,197. Company insiders own 1.11% of the company’s stock.

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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.

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

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