Trillium Asset Management LLC increased its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 1.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 236,670 shares of the semiconductor company’s stock after acquiring an additional 3,221 shares during the period. Trillium Asset Management LLC’s holdings in Maxim Integrated Products were worth $13,346,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Eagle Asset Management Inc. lifted its position in shares of Maxim Integrated Products by 22.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,125,773 shares of the semiconductor company’s stock valued at $63,482,000 after buying an additional 203,780 shares in the last quarter. Piedmont Investment Advisors Inc. acquired a new position in Maxim Integrated Products in the 3rd quarter valued at $1,137,000. Prudential Financial Inc. raised its stake in Maxim Integrated Products by 45.1% in the 3rd quarter. Prudential Financial Inc. now owns 52,665 shares of the semiconductor company’s stock valued at $2,970,000 after purchasing an additional 16,380 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new position in Maxim Integrated Products in the 3rd quarter valued at $647,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in Maxim Integrated Products by 2.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 162,555 shares of the semiconductor company’s stock valued at $9,167,000 after purchasing an additional 3,362 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

In related news, CEO Tunc Doluca sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $56.80, for a total transaction of $284,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bryan Preeshl sold 1,371 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $62.09, for a total value of $85,125.39. The disclosure for this sale can be found here. Insiders have sold a total of 17,994 shares of company stock valued at $1,061,472 over the last three months. Corporate insiders own 0.85% of the company’s stock.

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Maxim Integrated Products from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Deutsche Bank cut their target price on Maxim Integrated Products from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Barclays cut their target price on Maxim Integrated Products from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd. Citigroup cut their target price on 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. Finally, BMO Capital Markets raised their target price on Maxim Integrated Products from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and a consensus target price of $60.76.

Shares of NASDAQ:MXIM traded down $0.13 during midday trading on Monday, reaching $53.19. 162,135 shares of the company’s stock were exchanged, compared to its average volume of 3,721,761. The company has a current ratio of 3.57, a quick ratio of 3.27 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.69 and a beta of 1.28. Maxim Integrated Products Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $638.50 million during the quarter, compared to the consensus estimate of $635.19 million. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. As a group, equities research analysts predict that Maxim Integrated Products Inc. will post 2.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Wednesday, November 28th. Maxim Integrated Products’s payout ratio is 67.90%.

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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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