Maxim Integrated Products, Inc. (NASDAQ:MXIM) Trading Up - Shorts Down -12.41%

It increased, as 33 investors sold Maxim Integrated Products Inc. shares while 142 reduced holdings. (NASDAQ:MXIM) declared a quarterly dividend on Thursday, October 19th, RTT News reports. The stock declined 0.96% or $0.48 reaching $49.37 per share. Fjarde Ap has 0.05% invested in Maxim Integrated Products Inc.

A number of other institutional investors have also modified their holdings of the stock. The stock decreased 0.64% or $0.06 during the last trading session, reaching $9.38. In the last 90 days, insiders sold 136,443 shares of company stock valued at $6,266,251. Connecticut-based Bridgewater Assocs L P has invested 0% in Maxim Integrated Products Inc. Nikko Asset Management Americas, Inc. owns 68,300 shares with a value of $3,259,000. Loop Capital reiterated a "buy" rating and issued a $53.00 target price on shares of Maxim Integrated Products in a report on Thursday, August 31st. Camarda Financial Ltd Liability Company, Florida-based fund reported 536 shares.

On October 18 Barclays left the company rating at "Equal-Weight" but raised the price target to $50.00 from $42.00. (NASDAQ:MXIM). Engineers Gate Manager Ltd Partnership reported 0.05% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Stanley, Alabama-based fund reported 12,518 shares. Jefferies maintained the shares of MXIM in report on Monday, July 10 with "Buy" rating. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Maxim Integrated Products has a consensus rating of "Hold" and an average target price of $47.47. Maxim Integrated Products has a 12-month low of $37.32 and a 12-month high of $50.23. (NASDAQ:MXIM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management has 7,600 shares for 0% of their portfolio. Envestnet Asset Inc reported 0% in Maxim Integrated Products Inc.

The company's P/E ratio is 25.26 and market capitalization is 14.11B.

Shares of the company are trading at $50.02 which is slightly above $47.57, the 50 day moving average and barely above the 200 day moving average of $46.18.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 20th. Schroder Inv Gp reported 1.14 million shares. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. The firm had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same period in the previous year, the company earned $0.49 earnings per share. During the same time revenue is expected to increase from $2,296M to $2,618M and profit is predicted to escalate from $572M to $697M in the next couple of years, roughly growing 1.4x. This repurchase authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued. Another trade for 36,680 shares valued at $1.81 million was made by NEIL CHRISTOPHER J on Friday, June 9. The shares were sold at an average price of $45.67, for a total value of $159,845.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. "(MXIM) â€" Stock Analysis" with publication date: "October 09, 2017. Jain Vivek had sold 47,700 shares worth $2.29M on Tuesday, May 30. The disclosure for this sale can be found here. Insiders own 1.11% of the company's stock.

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Maxim Integrated Products, Inc., launched on August 19, 1987, is involved in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits.

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