Economy

Maxim Integrated Products' (NASDAQ:MXIM) Buy Rating Reaffirmed at Maxim Group

Proficio Capital Partners LLC increased its position in shares of Maxim Integrated Products by 51.4% during the 1st quarter. Payden & Rygel owned 0.16% of Maxim Integrated Products worth $19,877,000 as of its most recent filing with the Securities and Exchange Commission. It increased, as 35 investors sold Maxim Integrated Products Inc. shares while 122 reduced holdings.

Short traders are feeling a little more bearish on Maxim Integrated Products, Inc. of late as indicated by the increase in short interest. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company's stock valued at $106,000 after purchasing an additional 343 shares during the last quarter. For the outlook of the current financial quarter, Analysts think the firm will post -0.15 earnings per share. The firm owned 23,458 shares of the semiconductor company's stock after selling 100,999 shares during the period. Finally, TrimTabs Asset Management LLC increased its position in shares of Maxim Integrated Products by 89.0% during the 1st quarter. California Public Employees Retirement System now owns 683,500 shares of the semiconductor company's stock worth $30,730,000 after acquiring an additional 13,300 shares in the last quarter. (NASDAQ:MXIM). Paradigm Asset Management Ltd Limited Liability Company owns 102,597 shares or 0% of their USA portfolio. Pacer Advisors Inc. now owns 8,419 shares of the semiconductor company's stock worth $379,000 after acquiring an additional 344 shares in the last quarter.

Institutional investors have recently made changes to their positions in the company.

A number of research firms have recently weighed in on MXIM. Stifel Nicolaus reiterated a "buy" rating and set a $54.00 price target (up previously from $52.00) on shares of Maxim Integrated Products in a report on Friday, May 26th. BidaskClub cut shares of Maxim Integrated Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 17th. (NASDAQ:MXIM). State Of Alaska Department Of Revenue holds 0.08% of its portfolio in Maxim Integrated Products Inc. Maxim Group reissued a "buy" recommendation on stocks of Maxim Integrated Products in a study report on early Wed, Sep 6th. Then see the current price relative to the highest moving average and you will have a "back of the envelope" technical indicator in your back pocket for any stock at any time. Intl Group Inc stated it has 0% of its portfolio in Maxim Integrated Products Inc. The company has market cap of $13.20 billion. The stock's 50 day moving average is $45.44 and its 200 day moving average is $45.65. The company's quarterly EPS surprised Wall Street by as much as 2% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. As of the latest earnings report the EPS was $1.98 and is expected to be $2.34 for the current year with 282,065,000 shares now outstanding. Revenue during the quarter was $602.01 million, representing 6% growth from $566.13 million in year-ago quarter.

Analysts await Maxim Integrated Products Inc. Maxim Integrated Products's revenue was up 6.3% compared to the same quarter previous year. During the same period in the prior year, the firm earned $0.49 EPS. For the full year, analysts expect earnings to jump 7.52% yoy to $2.43.

Maxim Integrated Products announced that its Board of Directors has approved a stock buyback plan on Thursday, July 20th that permits the company to buyback $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.4% of its stock through open market purchases. The company announced a dividend to be paid on Thursday September 14th, 2017. Stockholders of record on Thursday, August 31st will be given a $0.36 dividend. The ex-dividend date will be on Tuesday August 29th, 2017. Moreover, Natixis has 0.01% invested in Maxim Integrated Products Inc. This represents a $1.44 annualized dividend and a yield of 3.07%. Maxim Integrated Products's payout ratio is 72.36%. OppenheimerFunds upgraded its holdings in Maxim Integrated Products by 33.7% in the Q1. "(MXIM)" was originally published by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another publication, it was stolen and republished in violation of United States & global copyright & trademark legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/09/14/maxim-integrated-products-inc-mxim-stake-raised-by-payden-rygel.html. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. (NASDAQ:MXIM) was sold by DOLUCA TUNC on Monday, April 3. The stock was sold at an average price of $45.28, for a total transaction of $1,132,000.00. The disclosure for this sale can be found here.

Shares of the company are trading at $46.90 barely above $45.33, the stock's 50 day moving average and which is just over the 200 day moving average of $45.63.



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