Qs Investors Lowers stake in Maxim Integrated Products (MXIM)

Maxim Integrated Products (MXIM) : Qs Investors reduced its stake in Maxim Integrated Products by 2.26% during the most recent quarter end. The investment management company now holds a total of 572,188 shares of Maxim Integrated Products which is valued at $22,252,391 after selling 13,239 shares in Maxim Integrated Products , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Maxim Integrated Products makes up approximately 0.18% of Qs Investors’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital reduced its stake in MXIM by selling 7,400 shares or 24.79% in the most recent quarter. The Hedge Fund company now holds 22,450 shares of MXIM which is valued at $893,286. Maxim Integrated Products makes up approx 0.20% of Cornerstone Capital’s portfolio.Ancora Inverness boosted its stake in MXIM in the latest quarter, The investment management firm added 161 additional shares and now holds a total of 20,377 shares of Maxim Integrated Products which is valued at $793,684. Maxim Integrated Products makes up approx 0.28% of Ancora Inverness’s portfolio.Neuberger Berman Group boosted its stake in MXIM in the latest quarter, The investment management firm added 21,795 additional shares and now holds a total of 1,076,372 shares of Maxim Integrated Products which is valued at $42,193,782. Maxim Integrated Products makes up approx 0.06% of Neuberger Berman Group’s portfolio.

Maxim Integrated Products opened for trading at $39.6 and hit $40.49 on the upside on Monday, eventually ending the session at $40.09, with a gain of 0.88% or 0.35 points. The heightened volatility saw the trading volume jump to 22,24,977 shares. Company has a market cap of $11,357 M.

On the company’s financial health, Maxim Integrated Products reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.47. The company had revenue of $561.40 million for the quarter, compared to analysts expectations of $560.39 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Maxim Integrated Products. Company shares were Reiterated by Drexel Hamilton on Oct 21, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .Maxim Integrated Products was Initiated by Susquehanna to “Positive” on Sep 20, 2016. Maxim Integrated Products was Downgraded by RBC Capital Mkts to ” Sector Perform” on Sep 7, 2016.

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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