Renaissance Technologies LLC Has $60.26 Million Position in Maxim Integrated Products, Inc. (MXIM)

Renaissance Technologies LLC lowered its position in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 5.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,340,200 shares of the semiconductor company’s stock after selling 76,300 shares during the period. Renaissance Technologies LLC’s holdings in Maxim Integrated Products were worth $60,255,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Maxim Integrated Products by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,555 shares of the semiconductor company’s stock worth $178,000 after buying an additional 12 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Maxim Integrated Products by 0.3% in the first quarter. Shell Asset Management Co. now owns 18,656 shares of the semiconductor company’s stock worth $839,000 after buying an additional 54 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Maxim Integrated Products by 3.4% in the fourth quarter. Loomis Sayles & Co. L P now owns 5,205 shares of the semiconductor company’s stock worth $201,000 after buying an additional 172 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Maxim Integrated Products by 2.5% in the first quarter. Gateway Investment Advisers LLC now owns 8,690 shares of the semiconductor company’s stock worth $391,000 after buying an additional 216 shares in the last quarter. Finally, Foresters Investment Management Company Inc. raised its position in shares of Maxim Integrated Products by 4.5% in the first quarter. Foresters Investment Management Company Inc. now owns 7,000 shares of the semiconductor company’s stock worth $315,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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

Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) traded down 1.49% during midday trading on Friday, reaching $46.16. 2,395,693 shares of the company were exchanged. The company has a 50 day moving average price of $46.72 and a 200-day moving average price of $43.81. The stock has a market capitalization of $13.04 billion, a P/E ratio of 26.53 and a beta of 1.02. Maxim Integrated Products, Inc. has a 12-month low of $33.38 and a 12-month high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Maxim Integrated Products had a return on equity of 26.73% and a net margin of 22.16%. The business had revenue of $581 million during the quarter, compared to the consensus estimate of $575.83 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts forecast that Maxim Integrated Products, Inc. will post $2.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $1.32 annualized dividend and a yield of 2.82%. Maxim Integrated Products’s payout ratio is 75.86%.

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A number of brokerages have weighed in on MXIM. B. Riley reiterated a “neutral” rating and set a $44.00 target price on shares of Maxim Integrated Products in a research report on Friday, April 21st. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Maxim Integrated Products in a research report on Friday. Maxim Group reiterated a “market perform” rating on shares of Maxim Integrated Products in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 target price (up previously from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $47.00 target price (up previously from $45.00) on shares of Maxim Integrated Products in a research report on Monday, April 24th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Maxim Integrated Products has a consensus rating of “Buy” and a consensus price target of $47.39.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 24,500 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $44.59, for a total value of $1,092,455.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edwin Medlin sold 30,646 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $46.99, for a total value of $1,440,055.54. The disclosure for this sale can be found here. Insiders sold a total of 250,548 shares of company stock valued at $11,544,456 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

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.

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).

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