Stevens Capital Management LP bought a new stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,251 shares of the semiconductor company’s stock, valued at approximately $1,369,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MXIM. NuWave Investment Management LLC raised its position in Maxim Integrated Products by 231.3% in the fourth quarter. NuWave Investment Management LLC now owns 424 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 296 shares during the period. FTB Advisors Inc. purchased a new stake in Maxim Integrated Products in the third quarter valued at approximately $29,000. Synovus Financial Corp raised its position in Maxim Integrated Products by 60.3% in the third quarter. Synovus Financial Corp now owns 625 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 235 shares during the period. TCI Wealth Advisors Inc. raised its position in Maxim Integrated Products by 58.8% in the third quarter. TCI Wealth Advisors Inc. now owns 670 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 248 shares during the period. Finally, Sandy Spring Bank purchased a new stake in Maxim Integrated Products in the third quarter valued at approximately $48,000. 91.80% of the stock is currently owned by institutional investors.

Shares of Maxim Integrated Products stock traded down $0.87 during trading hours on Friday, reaching $63.43. 524,760 shares of the company were exchanged, compared to its average volume of 1,974,888. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.98 and a current ratio of 6.60. The stock’s fifty day moving average is $61.94 and its 200 day moving average is $58.51. The firm has a market cap of $17.32 billion, a PE ratio of 22.33, a PEG ratio of 2.32 and a beta of 1.46. Maxim Integrated Products Inc. has a 1 year low of $51.26 and a 1 year high of $65.73.

Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, January 28th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $551.07 million during the quarter, compared to the consensus estimate of $545.16 million. Maxim Integrated Products had a net margin of 35.93% and a return on equity of 33.82%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Research analysts expect that Maxim Integrated Products Inc. will post 2.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Thursday, February 27th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.03%. Maxim Integrated Products’s payout ratio is currently 79.01%.

MXIM has been the topic of a number of recent research reports. BidaskClub lowered Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Royal Bank of Canada upped their price objective on Maxim Integrated Products from $67.00 to $69.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Bank of America upped their price objective on Maxim Integrated Products from $60.00 to $65.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Loop Capital upped their price objective on Maxim Integrated Products to and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays lowered Maxim Integrated Products from an “equal weight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and a consensus price target of $66.23.

In related news, Director Joseph R. Bronson sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $62.03, for a total transaction of $310,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jon Imperato sold 2,204 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $55.29, for a total transaction of $121,859.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,817 shares of company stock valued at $3,466,444. Insiders own 0.84% of the company’s stock.

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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