Maxim Integrated Products Inc. (MXIM) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 240.9% in the 4th quarter, HoldingsChannel reports. The firm owned 127,577 shares of the semiconductor company’s stock after buying an additional 90,150 shares during the period. State of Alaska Department of Revenue’s holdings in Maxim Integrated Products were worth $6,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Maxim Integrated Products by 16.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after buying an additional 343 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Maxim Integrated Products during the third quarter worth $128,000. Mckinley Capital Management LLC Delaware purchased a new position in Maxim Integrated Products during the second quarter worth $144,000. Toronto Dominion Bank increased its position in Maxim Integrated Products by 12.1% during the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after buying an additional 375 shares in the last quarter. Finally, WFG Advisors LP increased its position in Maxim Integrated Products by 201.1% during the second quarter. WFG Advisors LP now owns 3,962 shares of the semiconductor company’s stock worth $178,000 after buying an additional 2,646 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $51.71, for a total value of $1,292,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $52.16, for a total value of $1,564,800.00. The disclosure for this sale can be found here. Insiders have sold 234,819 shares of company stock worth $12,313,336 in the last 90 days. Insiders own 1.11% of the company’s stock.

MXIM has been the subject of several recent research reports. Loop Capital reissued a “buy” rating and set a $57.00 price target (up previously from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Drexel Hamilton raised their price target on Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Maxim Group raised their price target on Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Citigroup raised their price target on Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. Maxim Integrated Products currently has an average rating of “Hold” and an average price target of $52.43.

Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at $56.58 on Friday. Maxim Integrated Products Inc. has a fifty-two week low of $40.88 and a fifty-two week high of $56.63. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $15,926.54, a price-to-earnings ratio of 25.15, a PEG ratio of 2.22 and a beta of 1.10.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The business had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $576.80 million. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. research analysts expect that Maxim Integrated Products Inc. will post 2.53 EPS for the current fiscal year.

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About Maxim Integrated Products

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.

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

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