Boston Advisors buys $28,171,456 stake in Maxim Integrated Products (MXIM)

Maxim Integrated Products (MXIM) : Boston Advisors scooped up 95,582 additional shares in Maxim Integrated Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 683,110 shares of Maxim Integrated Products which is valued at $28,171,456.Maxim Integrated Products makes up approximately 0.68% of Boston Advisors’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in MXIM in the latest quarter, The investment management firm added 1,302 additional shares and now holds a total of 32,928 shares of Maxim Integrated Products which is valued at $1,357,951. Maxim Integrated Products makes up approx 0.01% of Strs Ohio’s portfolio.Nordea Investment Management Ab reduced its stake in MXIM by selling 16,458 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 3,927,088 shares of MXIM which is valued at $150,171,845. Maxim Integrated Products makes up approx 0.43% of Nordea Investment Management Ab’s portfolio. Catawba Capital Management Va added MXIM to its portfolio by purchasing 9,860 company shares during the most recent quarter which is valued at $377,046. Maxim Integrated Products makes up approx 0.09% of Catawba Capital Management Va’s portfolio.Somerset Trust Co boosted its stake in MXIM in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 43,871 shares of Maxim Integrated Products which is valued at $1,655,253. Maxim Integrated Products makes up approx 0.99% of Somerset Trust Co’s portfolio.Atria Investments boosted its stake in MXIM in the latest quarter, The investment management firm added 386 additional shares and now holds a total of 12,590 shares of Maxim Integrated Products which is valued at $475,021. Maxim Integrated Products makes up approx 0.05% of Atria Investments’s portfolio.

Maxim Integrated Products opened for trading at $40.78 and hit $40.95 on the upside on Friday, eventually ending the session at $40.78, with a gain of 0.27% or 0.11 points. The heightened volatility saw the trading volume jump to 15,76,336 shares. Company has a market cap of $11,594 M.

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.

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