4,800 Shares in Maxim Integrated Products, Inc. (MXIM) Acquired by CAPROCK Group Inc.

CAPROCK Group Inc. bought a new position in shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 4,800 shares of the semiconductor company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its position in shares of Maxim Integrated Products by 51.4% in the first quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 764 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Maxim Integrated Products by 57.8% in the first quarter. Duncker Streett & Co. Inc. now owns 2,374 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 870 shares during the last quarter. TrimTabs Asset Management LLC increased its position in shares of Maxim Integrated Products by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,854 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 1,344 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Maxim Integrated Products by 26.1% in the first quarter. Toronto Dominion Bank now owns 3,099 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 642 shares during the last quarter. Finally, Tompkins Financial Corp increased its position in shares of Maxim Integrated Products by 31.3% in the first quarter. Tompkins Financial Corp now owns 3,962 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 944 shares during the last quarter. 90.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Maxim Integrated Products, Inc. (NASDAQ MXIM) traded down 0.27% during trading on Friday, reaching $43.87. 2,190,850 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.37 billion, a PE ratio of 22.16 and a beta of 1.04. Maxim Integrated Products, Inc. has a 52 week low of $37.25 and a 52 week high of $49.70. The company’s 50-day moving average price is $45.48 and its 200 day moving average price is $45.55.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.26%. The company had revenue of $602 million during the quarter, compared to the consensus estimate of $609.52 million. During the same period in the prior year, the company earned $0.49 EPS. Maxim Integrated Products’s revenue was up 6.3% on a year-over-year basis. Analysts predict that Maxim Integrated Products, Inc. will post $2.34 EPS for the current fiscal year.

Maxim Integrated Products announced that its board has approved a share repurchase plan on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.28%. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, August 29th. Maxim Integrated Products’s dividend payout ratio is presently 66.33%.

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Several brokerages have issued reports on MXIM. B. Riley reissued a “neutral” rating and set a $44.00 price objective on shares of Maxim Integrated Products in a research report on Friday, April 21st. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub raised shares of Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a $47.00 price objective (up from $45.00) on shares of Maxim Integrated Products in a research report on Monday, April 24th. Finally, Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Maxim Integrated Products in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $47.61.

In other Maxim Integrated Products news, CFO Bruce E. Kiddoo sold 25,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $45.28, for a total value of $1,132,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Vivek Jain sold 616 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $46.85, for a total transaction of $28,859.60. The disclosure for this sale can be found here. Insiders sold a total of 176,082 shares of company stock valued at $8,211,765 over the last three months. 1.30% of the stock is owned by corporate insiders.

About Maxim Integrated Products

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.

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

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