Bahl & Gaynor Inc. cut its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 31.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 775,194 shares of the semiconductor company’s stock after selling 360,717 shares during the period. Bahl & Gaynor Inc. owned approximately 0.28% of Maxim Integrated Products worth $43,714,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY grew its stake in shares of Maxim Integrated Products by 4.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 21,933 shares of the semiconductor company’s stock valued at $1,287,000 after acquiring an additional 902 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Maxim Integrated Products by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 243,584 shares of the semiconductor company’s stock valued at $14,289,000 after acquiring an additional 913 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Maxim Integrated Products by 91.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,073 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 989 shares in the last quarter. Argent Trust Co grew its stake in shares of Maxim Integrated Products by 27.3% in the second quarter. Argent Trust Co now owns 4,745 shares of the semiconductor company’s stock valued at $278,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Ridgewood Investments LLC grew its stake in shares of Maxim Integrated Products by 11.7% in the third quarter. Ridgewood Investments LLC now owns 11,286 shares of the semiconductor company’s stock valued at $636,000 after acquiring an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

In other news, VP David Loftus sold 6,623 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $60.01, for a total value of $397,446.23. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tunc Doluca sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $56.80, for a total transaction of $284,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,394 shares of company stock worth $1,295,728. 0.85% of the stock is currently owned by corporate insiders.

Shares of Maxim Integrated Products stock opened at $52.05 on Wednesday. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.27 and a current ratio of 3.57. Maxim Integrated Products Inc. has a 12-month low of $46.85 and a 12-month high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last announced 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 for the quarter, compared to the consensus estimate of $635.19 million. Maxim Integrated Products had a net margin of 20.06% and a return on equity of 41.83%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. On average, analysts predict that Maxim Integrated Products Inc. will post 2.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.54%. Maxim Integrated Products’s payout ratio is currently 67.90%.

MXIM has been the topic of several research reports. ValuEngine downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. BidaskClub downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Goldman Sachs Group downgraded shares of Maxim Integrated Products from a “neutral” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, Morgan Stanley reduced their price objective on shares of Maxim Integrated Products from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and an average price target of $60.76.

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Maxim Integrated Products Company Profile

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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