Arizona State Retirement System lifted its stake in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,447 shares of the semiconductor company’s stock after acquiring an additional 3,551 shares during the quarter. Arizona State Retirement System’s holdings in Maxim Integrated Products were worth $3,997,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in MXIM. Cerebellum GP LLC bought a new position in shares of Maxim Integrated Products during the 4th quarter valued at approximately $121,000. Aviance Capital Management LLC grew its stake in shares of Maxim Integrated Products by 38,728.6% during the 4th quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock valued at $142,000 after acquiring an additional 2,711 shares during the period. NuWave Investment Management LLC bought a new position in shares of Maxim Integrated Products during the 4th quarter valued at approximately $169,000. IBM Retirement Fund bought a new position in shares of Maxim Integrated Products during the 3rd quarter valued at approximately $200,000. Finally, Rational Advisors LLC bought a new position in shares of Maxim Integrated Products during the 3rd quarter valued at approximately $210,000.
A number of research analysts recently issued reports on MXIM shares. B. Riley reiterated a “hold” rating and set a $54.00 price objective on shares of Maxim Integrated Products in a research note on Friday, January 26th. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Stifel Nicolaus boosted their price objective on Maxim Integrated Products from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Oppenheimer reissued a “hold” rating on shares of Maxim Integrated Products in a report on Friday, January 26th. Finally, Morgan Stanley raised Maxim Integrated Products from an “underweight” rating to an “equal” rating and set a $44.00 price target on the stock in a report on Tuesday, January 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $54.29.
Shares of Maxim Integrated Products Inc. (NASDAQ MXIM) opened at $62.15 on Wednesday. The stock has a market capitalization of $13,560.00, a P/E ratio of 28.00, a PEG ratio of 2.29 and a beta of 1.19. Maxim Integrated Products Inc. has a twelve month low of $43.35 and a twelve month high of $74.94. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.50.
Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. The business had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $620.46 million. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. equities research analysts predict that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.70%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, February 28th. Maxim Integrated Products’s dividend payout ratio is 64.86%.
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Maxim Integrated Products Company 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.
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