Maxim Integrated Products (MXIM) : Rfg Advisory Group scooped up 17 additional shares in Maxim Integrated Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 12,555 shares of Maxim Integrated Products which is valued at $508,603.Maxim Integrated Products makes up approximately 0.43% of Rfg Advisory Group’s portfolio.
Other Hedge Funds, Including , Sg Americas Securities boosted its stake in MXIM in the latest quarter, The investment management firm added 1,387 additional shares and now holds a total of 56,253 shares of Maxim Integrated Products which is valued at $2,278,809. Maxim Integrated Products makes up approx 0.02% of Sg Americas Securities’s portfolio. Quantbot Technologies Lp added MXIM to its portfolio by purchasing 23,320 company shares during the most recent quarter which is valued at $944,693. Maxim Integrated Products makes up approx 0.10% of Quantbot Technologies Lp’s portfolio.Integrated Wealth Management reduced its stake in MXIM by selling 48 shares or 26.52% in the most recent quarter. The Hedge Fund company now holds 133 shares of MXIM which is valued at $5,388.Msi Financial Services Inc boosted its stake in MXIM in the latest quarter, The investment management firm added 573 additional shares and now holds a total of 6,123 shares of Maxim Integrated Products which is valued at $252,513. Maxim Integrated Products makes up approx 0.01% of Msi Financial Services Inc’s portfolio.
Maxim Integrated Products closed down -0.18 points or -0.44% at $40.55 with 22,07,197 shares getting traded on Monday. Post opening the session at $40.69, the shares hit an intraday low of $40.47 and an intraday high of $40.9001 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Maxim Integrated Products reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.42. The company had revenue of $555.00 million for the quarter, compared to analysts expectations of $555.35 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on Maxim Integrated Products. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $42 .Maxim Integrated Products was Downgraded by BofA/Merrill to ” Neutral” on Jun 27, 2016. Goldman Initiated Maxim Integrated Products on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $35.
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’s products include switching regulators charge pumps linear regulators light-emitting diode drivers power switching transceivers level translators broadband switches current loop products real-time clocks data loggers and microcontrollers. The Company serves markets including communications and data center computing and consumer markets. Its communications and data center caters to base stations data storage servers telecommunications and other communications. Its computing caters to desktop computers notebook computers and peripherals. Its consumer products cater to smartphones digital cameras handheld computers home entertainment and appliances.