Maxim Integrated Products (MXIM) : Private Harbour Investment Management Counsel reduced its stake in Maxim Integrated Products by 1.72% during the most recent quarter end. The investment management company now holds a total of 28,500 shares of Maxim Integrated Products which is valued at $1,154,535 after selling 500 shares in Maxim Integrated Products , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Maxim Integrated Products makes up approximately 0.93% of Private Harbour Investment Management Counsel’s portfolio.
Other Hedge Funds, Including , Shelton Capital Management boosted its stake in MXIM in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 17,123 shares of Maxim Integrated Products which is valued at $693,653. Maxim Integrated Products makes up approx 0.06% of Shelton Capital Management’s portfolio.British Airways Pensions Investment Management Ltd reduced its stake in MXIM by selling 95,420 shares or 17.72% in the most recent quarter. The Hedge Fund company now holds 443,051 shares of MXIM which is valued at $18,271,423. Maxim Integrated Products makes up approx 0.54% of British Airways Pensions Investment Management Ltd’s portfolio.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.Trust Co Of Vermont reduced its stake in MXIM by selling 2,669 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 77,920 shares of MXIM which is valued at $2,979,661. Maxim Integrated Products makes up approx 0.39% of Trust Co Of Vermont’s portfolio.
Maxim Integrated Products opened for trading at $40.49 and hit $41.02 on the upside on Thursday, eventually ending the session at $40.83, with a gain of 0.79% or 0.32 points. The heightened volatility saw the trading volume jump to 20,78,927 shares. Company has a market cap of $11,608 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.