BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,025 shares of the semiconductor company’s stock after buying an additional 12,937 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Maxim Integrated Products were worth $3,561,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IMS Capital Management acquired a new stake in Maxim Integrated Products during the 3rd quarter worth $28,000. CWM LLC boosted its stake in Maxim Integrated Products by 78.0% during the 4th quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 262 shares during the period. TCI Wealth Advisors Inc. boosted its stake in Maxim Integrated Products by 311.8% during the 4th quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 580 shares during the period. Sun Life Financial INC acquired a new stake in Maxim Integrated Products during the 4th quarter worth $39,000. Finally, Guardian Life Insurance Co. of America acquired a new stake in Maxim Integrated Products during the 4th quarter worth $40,000. Institutional investors and hedge funds own 97.68% of the company’s stock.

Shares of Maxim Integrated Products stock opened at $52.88 on Friday. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.86 and a beta of 1.32. The company has a quick ratio of 5.85, a current ratio of 6.54 and a debt-to-equity ratio of 0.57. Maxim Integrated Products Inc. has a one year low of $46.64 and a one year high of $63.68.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). The firm had revenue of $576.91 million for the quarter, compared to analysts’ expectations of $590.50 million. Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. On average, equities research analysts forecast that Maxim Integrated Products Inc. will post 2.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 28th were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. Maxim Integrated Products’s payout ratio is currently 67.90%.

MXIM has been the subject of a number of recent research reports. Evercore ISI decreased their price target on shares of Maxim Integrated Products from $60.00 to $55.00 in a research note on Monday, January 14th. BidaskClub upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Morgan Stanley decreased their price target on shares of Maxim Integrated Products from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 19th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Finally, Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research note on Wednesday, January 30th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $59.67.

In other news, Director James R. Bergman sold 14,210 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $56.46, for a total value of $802,296.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tunc Doluca sold 5,000 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $54.55, for a total transaction of $272,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,766 shares of company stock valued at $2,038,732. 0.85% of the stock is owned by 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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