Great West Life Assurance Co. Can reduced its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 13.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,183 shares of the semiconductor company’s stock after selling 25,463 shares during the quarter. Great West Life Assurance Co. Can owned 0.06% of Maxim Integrated Products worth $9,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MXIM. Capital Advisors Ltd. LLC purchased a new position in shares of Maxim Integrated Products in the 3rd quarter worth about $114,000. Legacy Advisors LLC purchased a new stake in Maxim Integrated Products during the 3rd quarter valued at about $116,000. Steward Partners Investment Advisory LLC boosted its holdings in Maxim Integrated Products by 91.2% during the 3rd 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 during the period. Stratos Wealth Partners LTD. purchased a new stake in Maxim Integrated Products during the 3rd quarter valued at about $119,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Maxim Integrated Products during the 3rd quarter valued at about $133,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.

Several brokerages recently weighed in on MXIM. BidaskClub upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Morgan Stanley dropped their target price on Maxim Integrated Products from $59.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, October 31st. Jefferies Financial Group dropped their target price on Maxim Integrated Products from $68.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. SunTrust Banks dropped their target price on Maxim Integrated Products to $51.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Finally, Loop Capital dropped their target price on Maxim Integrated Products to $59.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. Maxim Integrated Products currently has a consensus rating of “Hold” and an average price target of $60.76.

MXIM opened at $52.90 on Friday. The company has a market cap of $15.09 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34. 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 one year low of $46.85 and a one year high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $638.50 million during the quarter, compared to analyst estimates of $635.19 million. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. Maxim Integrated Products’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. Equities research analysts forecast that Maxim Integrated Products Inc. will post 2.71 EPS for the current fiscal 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 given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, November 28th. Maxim Integrated Products’s payout ratio is 67.90%.

In other Maxim Integrated Products news, VP David Loftus sold 6,623 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $60.01, for a total transaction of $397,446.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tunc Doluca sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $56.98, for a total value of $427,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,540 shares of company stock valued at $3,221,251 in the last ninety days. 0.85% of the stock is currently owned by corporate insiders.

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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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