Maxim Integrated Products, Inc. (MXIM) Shares Bought by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK boosted its stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 1,402.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363,196 shares of the semiconductor company’s stock after buying an additional 339,024 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.13% of Maxim Integrated Products worth $16,307,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of Maxim Integrated Products by 51.4% during the 1st quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 764 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of Maxim Integrated Products during the 2nd quarter worth $115,000. TrimTabs Asset Management LLC increased its stake in shares of Maxim Integrated Products by 89.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,854 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 1,344 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of Maxim Integrated Products by 21.1% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 500 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Maxim Integrated Products by 26.1% during the 1st quarter. Toronto Dominion Bank now owns 3,099 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 642 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Several research analysts have recently commented on MXIM shares. Loop Capital restated a “buy” rating and set a $43.00 price target on shares of Maxim Integrated Products in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Friday, June 9th. Morgan Stanley increased their price target on shares of Maxim Integrated Products from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Maxim Integrated Products in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Maxim Integrated Products presently has an average rating of “Hold” and an average price target of $48.06.

COPYRIGHT VIOLATION WARNING: This story was published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.tickerreport.com/banking-finance/2886516/maxim-integrated-products-inc-mxim-shares-bought-by-aberdeen-asset-management-plc-uk.html.

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) opened at 46.52 on Tuesday. The firm has a 50-day moving average of $45.23 and a 200-day moving average of $45.62. The company has a market capitalization of $13.12 billion, a P/E ratio of 23.49 and a beta of 1.04. Maxim Integrated Products, Inc. has a one year low of $37.25 and a one year high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. The firm had revenue of $602 million for the quarter, compared to the consensus estimate of $609.52 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that Maxim Integrated Products, Inc. will post $2.34 EPS for the current fiscal year.

Maxim Integrated Products declared that its board has approved a stock buyback plan on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be issued a $0.36 dividend. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Tuesday, August 29th. Maxim Integrated Products’s payout ratio is currently 72.36%.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 12,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $44.72, for a total value of $536,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher J. Neil sold 3,500 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $45.69, for a total transaction of $159,915.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,883 shares of company stock worth $6,051,983. Corporate insiders own 1.30% of the company’s stock.

Maxim Integrated Products Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.