Maxim Integrated Products Inc. (MXIM) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC decreased its position in Maxim Integrated Products Inc. (NASDAQ:MXIM) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 473,090 shares of the semiconductor company’s stock after selling 6,807 shares during the period. Frontier Capital Management Co. LLC’s holdings in Maxim Integrated Products were worth $24,733,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ropes Wealth Advisors LLC lifted its holdings in shares of Maxim Integrated Products by 5.8% during the second quarter. Ropes Wealth Advisors LLC now owns 4,248 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 234 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Maxim Integrated Products by 12.1% during the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 375 shares during the last quarter. AXA lifted its holdings in shares of Maxim Integrated Products by 5.6% during the second quarter. AXA now owns 7,583 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 400 shares during the last quarter. Prudential PLC lifted its holdings in shares of Maxim Integrated Products by 9.4% during the second quarter. Prudential PLC now owns 5,800 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Maxim Integrated Products by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 10,323 shares of the semiconductor company’s stock valued at $464,000 after purchasing an additional 617 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Maxim Integrated Products Inc. (MXIM) opened at $56.58 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 14.14 and a quick ratio of 13.09. Maxim Integrated Products Inc. has a 52-week low of $40.88 and a 52-week high of $56.63. The firm has a market capitalization of $15,926.54, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Several brokerages have recently commented on MXIM. Stifel Nicolaus upped their target price on Maxim Integrated Products from $57.00 to $61.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Citigroup upped their target price on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Morgan Stanley upped their target price on Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Finally, BMO Capital Markets upped their target price on Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Maxim Integrated Products currently has an average rating of “Hold” and an average target price of $52.43.

In other news, CEO Tunc Doluca sold 21,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $52.70, for a total transaction of $1,106,700.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William D. Watkins sold 19,650 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.49, for a total value of $1,011,778.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,026 shares of company stock worth $10,394,077. Insiders own 1.11% of the company’s stock.

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Maxim Integrated Products Profile

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.

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

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