Commerzbank Aktiengesellschaft FI Increases Stock Position in Maxim Integrated Products Inc. (NASDAQ:MXIM)

Commerzbank Aktiengesellschaft FI lifted its holdings in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,285 shares of the semiconductor company’s stock after purchasing an additional 1,478 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Maxim Integrated Products were worth $711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coastal Investment Advisors Inc. lifted its position in shares of Maxim Integrated Products by 97.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 559 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 276 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of Maxim Integrated Products by 58.8% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 670 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 248 shares during the period. Flagship Harbor Advisors LLC lifted its position in shares of Maxim Integrated Products by 175.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 736 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 469 shares during the period. Anderson Fisher LLC lifted its position in shares of Maxim Integrated Products by 551.2% in the 2nd quarter. Anderson Fisher LLC now owns 788 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 667 shares during the period. Finally, CSat Investment Advisory L.P. lifted its position in shares of Maxim Integrated Products by 106.2% in the 2nd quarter. CSat Investment Advisory L.P. now owns 796 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 410 shares during the period. 92.46% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on MXIM shares. Bank of America cut shares of Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a research report on Friday, September 27th. Stifel Nicolaus lowered their price target on shares of Maxim Integrated Products from $61.00 to $56.00 in a research report on Thursday, August 29th. BidaskClub raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 3rd. Maxim Group cut shares of Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a research report on Friday, September 27th. Finally, Deutsche Bank set a $70.00 target price on shares of Maxim Integrated Products and gave the company a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.33.

NASDAQ:MXIM opened at $58.61 on Wednesday. Maxim Integrated Products Inc. has a 52 week low of $46.64 and a 52 week high of $65.73. The firm has a 50 day moving average of $57.54 and a 200 day moving average of $57.49. The company has a quick ratio of 6.18, a current ratio of 6.84 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.30 and a beta of 1.40.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.57. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $559.97 million. During the same quarter in the prior year, the business posted $0.73 EPS. Maxim Integrated Products’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, analysts expect that Maxim Integrated Products Inc. will post 2.18 EPS for the current year.

In related news, CEO Tunc Doluca sold 2,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $56.07, for a total transaction of $140,175.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Edwin Medlin sold 22,500 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $59.77, for a total transaction of $1,344,825.00. The disclosure for this sale can be found here. Insiders have sold a total of 119,568 shares of company stock worth $6,837,472 in the last 90 days. 0.84% of the stock is currently owned by company insiders.

About Maxim Integrated Products

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.

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

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