ING Groep NV trimmed its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 26.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,521 shares of the semiconductor company’s stock after selling 10,072 shares during the quarter. ING Groep NV’s holdings in Maxim Integrated Products were worth $1,608,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MXIM. Voya Investment Management LLC grew its position in shares of Maxim Integrated Products by 279.5% in the second quarter. Voya Investment Management LLC now owns 707,834 shares of the semiconductor company’s stock valued at $41,521,000 after purchasing an additional 521,306 shares during the last quarter. Ardevora Asset Management LLP grew its position in shares of Maxim Integrated Products by 804.5% in the second quarter. Ardevora Asset Management LLP now owns 580,078 shares of the semiconductor company’s stock valued at $34,027,000 after purchasing an additional 515,948 shares during the last quarter. First Trust Advisors LP grew its position in shares of Maxim Integrated Products by 25.4% in the second quarter. First Trust Advisors LP now owns 2,088,408 shares of the semiconductor company’s stock valued at $122,506,000 after purchasing an additional 422,378 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Maxim Integrated Products in the second quarter valued at about $22,169,000. Finally, Robecosam AG grew its position in shares of Maxim Integrated Products by 29.8% in the second quarter. Robecosam AG now owns 1,350,000 shares of the semiconductor company’s stock valued at $78,651,000 after purchasing an additional 310,000 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Maxim Integrated Products from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, July 27th. BidaskClub upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. MKM Partners increased their target price on shares of Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, Citigroup reduced their target price on shares of Maxim Integrated Products from $61.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $60.76.

NASDAQ MXIM opened at $53.32 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.57 and a quick ratio of 3.27. Maxim Integrated Products Inc. has a twelve month low of $46.85 and a twelve month high of $74.94. The stock has a market capitalization of $14.25 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.63 and a beta of 1.28.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. The business had revenue of $638.50 million during the quarter, compared to analysts’ expectations of $635.19 million. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, November 28th. Maxim Integrated Products’s dividend payout ratio is 67.90%.

In other Maxim Integrated Products news, VP David Loftus sold 6,623 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $60.01, for a total transaction of $397,446.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bryan Preeshl sold 1,371 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $62.09, for a total transaction of $85,125.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,994 shares of company stock valued at $1,061,472. Corporate insiders own 0.85% of the company’s stock.

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About Maxim Integrated Products

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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

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