Brown Advisory Inc. Sells 20,107 Shares of Maxim Integrated Products Inc. (MXIM)

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Brown Advisory Inc. reduced its stake in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 47.4% during the 4th quarter, Holdings Channel reports. The firm owned 22,289 shares of the semiconductor company’s stock after selling 20,107 shares during the period. Brown Advisory Inc.’s holdings in Maxim Integrated Products were worth $1,134,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc boosted its position in shares of Maxim Integrated Products by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock worth $1,580,346,000 after purchasing an additional 150,909 shares during the last quarter. BlackRock Inc. raised its stake in shares of Maxim Integrated Products by 4.7% in the 3rd quarter. BlackRock Inc. now owns 24,164,756 shares of the semiconductor company’s stock valued at $1,362,651,000 after purchasing an additional 1,077,289 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Maxim Integrated Products by 897,788.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,191,030 shares of the semiconductor company’s stock valued at $574,673,000 after purchasing an additional 10,189,895 shares during the period. Northern Trust Corp raised its stake in shares of Maxim Integrated Products by 51.0% in the 4th quarter. Northern Trust Corp now owns 3,706,020 shares of the semiconductor company’s stock valued at $188,452,000 after purchasing an additional 1,252,400 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Maxim Integrated Products by 8,495.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,356,863 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 3,317,811 shares during the period. Institutional investors and hedge funds own 97.49% of the company’s stock.

In other Maxim Integrated Products news, Director James R. Bergman sold 14,210 shares of Maxim Integrated Products 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Wright sold 1,564 shares of Maxim Integrated Products stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $51.68, for a total transaction of $80,827.52. The disclosure for this sale can be found here. Insiders have sold 50,380 shares of company stock worth $2,771,301 in the last three months. 0.85% of the stock is currently owned by insiders.

A number of research firms recently issued reports on MXIM. BidaskClub downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Cowen assumed coverage on Maxim Integrated Products in a report on Friday, February 22nd. They set a “market perform” rating and a $56.00 price objective for the company. Maxim Group reiterated a “sell” rating on shares of Maxim Integrated Products in a research report on Friday, February 8th. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Evercore ISI lowered their price objective on shares of Maxim Integrated Products from $60.00 to $55.00 in a research report on Monday, January 14th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Maxim Integrated Products has an average rating of “Hold” and an average target price of $59.67.

Maxim Integrated Products stock opened at $54.21 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 5.85 and a current ratio of 6.54. The firm has a market cap of $15.11 billion, a PE ratio of 19.67, a P/E/G ratio of 1.93 and a beta of 1.32. Maxim Integrated Products Inc. has a fifty-two week low of $46.64 and a fifty-two week high of $63.68.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Wednesday, February 27th. Maxim Integrated Products’s payout ratio is 67.90%.

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Maxim Integrated Products 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.

See Also: Systematic Risk and Investors

Want to see what other hedge funds are holding MXIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxim Integrated Products Inc. (NASDAQ:MXIM).

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

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