Maxim Integrated Products, Inc. (NASDAQ:MXIM) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC cut its stake in Maxim Integrated Products, Inc. (NASDAQ:MXIM) by 11.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,205 shares of the semiconductor company’s stock after selling 520 shares during the period. Argent Capital Management LLC’s holdings in Maxim Integrated Products were worth $384,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new position in shares of Maxim Integrated Products in the 4th quarter valued at $25,000. Baron Silver Stevens Financial Advisors LLC purchased a new position in shares of Maxim Integrated Products in the 4th quarter worth $25,000. Arkadios Wealth Advisors acquired a new position in Maxim Integrated Products in the fourth quarter valued at $27,000. Veriti Management LLC purchased a new stake in Maxim Integrated Products during the fourth quarter valued at about $45,000. Finally, Tompkins Financial Corp acquired a new stake in Maxim Integrated Products during the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 82.08% of the company’s stock.

In related news, CEO Tunc Doluca sold 14,000 shares of Maxim Integrated Products stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $93.91, for a total value of $1,314,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 41,200 shares of company stock worth $3,953,900 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

MXIM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Maxim Integrated Products from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, May 20th. Jefferies Financial Group increased their price objective on shares of Maxim Integrated Products from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Finally, Zacks Investment Research lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Tuesday, February 16th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Maxim Integrated Products presently has an average rating of “Hold” and an average price target of $83.92.

Shares of NASDAQ MXIM opened at $103.60 on Friday. The company has a current ratio of 5.38, a quick ratio of 4.93 and a debt-to-equity ratio of 0.46. Maxim Integrated Products, Inc. has a fifty-two week low of $55.93 and a fifty-two week high of $103.94. The company’s 50 day simple moving average is $96.63. The firm has a market cap of $27.80 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 3.25 and a beta of 1.19.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Tuesday, April 27th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $665.03 million during the quarter, compared to analyst estimates of $638.48 million. Maxim Integrated Products had a net margin of 31.77% and a return on equity of 41.37%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, equities analysts anticipate that Maxim Integrated Products, Inc. will post 3.13 EPS for the current year.

Maxim Integrated Products Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally. The company also provides various high-frequency process technologies and capabilities used in custom designs.

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

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