Published: Fri, April 06, 2018
Business | By Tara Barton

Maxim Integrated Products Inc. (NASDAQ:MXIM) Shares Sold by Franklin Resources Inc


The institutional investor held 268,208 shares of the consumer services company at the end of 2017Q4, valued at $9.24 million, up from 255,603 at the end of the previous reported quarter. This is a boost from Maxim Integrated Products's previous quarterly dividend of $0.36. About 2.94M shares traded or 0.96% up from the average. Goldman Sachs initiated Maxim Integrated Products, Inc.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, January 25th. It has outperformed by 20.21% the S&P500. Korea Investment Corp acquired 59,500 shares as Maxim Integrated Prods Inc (MXIM)'s stock rose 11.78%. The Kentucky Retirement Systems holds 316,618 shares with $53.58 million value, down from 320,136 last quarter. Northwestern Mutual Wealth Management Company who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $122.03B market cap company. The stock increased 1.33% or $2.29 during the last trading session, reaching $173.9. Its share price has decline -5.82% in three months and is up 2.05% for the last five trades. Altria Group, Inc. (NYSE:MO) has declined 17.05% since April 5, 2017 and is downtrending. It has underperformed by 11.55% the S&P500. Maxim Integrated Products has a 52 week low of $43.35 and a 52 week high of $74.94. (NASDAQ:MXIM) advice adding it to buy candidate list. Therefore 38% are positive. Maxim Integrated Products Inc. had 85 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, October 23 the company was maintained by Citigroup. Sohu.com Inc.is given 1 buy-equivalent recommendations, 0 sells and 6 holds. (NASDAQ:MXIM) has 30 ratings reports on April 6, 2018 according to StockzIntelligence. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Drexel Hamilton maintained the stock with "Buy" rating in Friday, October 21 report.

Caterpillar Inc. (NYSE:CAT), stock is trading $173.24 above the 52-week high and has displayed a high EPS growth of -9.30% in last 5 years. Wells Fargo maintained the stock with "Market Perform" rating in Friday, October 20 report. On Monday, July 10 the stock rating was maintained by Jefferies with "Buy". S&P Research maintained the stock with "Strong Buy" rating in Thursday, September 24 report. (NASDAQ:MXIM) shares with value of $1.29 million were sold by KIDDOO BRUCE E. 15,642 shares were sold by Riccio Daniel J., worth $2.42M on Thursday, October 5. It also increased its holding in Pultegroup Inc (NYSE:PHM) by 16,130 shares in the quarter, for a total of 26,946 shares, and has risen its stake in Edison International (NYSE:EIX).

During 2017 Q4 the big money sentiment increased to 1.35.

Maxim Integrated Products, Inc.is maintained at an average outperform rating by 24 stock analysts, and there are at least 1.94% of shares outstanding that are now legally short sold. It improved, as 25 investors sold MXIM shares while 131 reduced holdings. 69 funds bought holdings and 141 increased holdings. The shares now trade at $57.86 and have been able to report a change of -1.85% over the past one week. Advisors Asset Mngmt Inc owns 0.31% invested in Maxim Integrated Products, Inc.

"WARNING: "$0.69 EPS Expected for Maxim Integrated Products Inc. (NASDAQ:MXIM) for 10,498 shs. NuWave Investment Management LLC purchased a new stake in Maxim Integrated Products in the fourth quarter valued at $169,000. (NASDAQ:MXIM) to report earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Peregrine Asset Advisers accumulated 5,000 shares or 0.13% of the stock. Fayez Sarofim reported 0% stake.

50-SMA Movement: The 50-day moving average is a common technical indicator which investors use to evaluate price trends of Maxim Integrated Products, Inc. Fmr Ltd Limited Liability Company, a Massachusetts-based fund reported 6.23 million shares. Cap World Investors holds 0.02% or 2.00 million shares. Whittier Tru Of Nevada holds 1,515 shares.

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MXIM had 24 sales and 0 buys since October 23, 2017.

In related news, CEO Tunc Doluca sold 4,000 shares of the business's stock in a transaction on Friday, January 12th. Morgan Stanley upgraded shares of Maxim Integrated Products from an "underweight" rating to an "equal" rating and set a $44.00 price target for the company in a research note on Tuesday, January 30th. (MXIM) finalized the Thursday at price of $57.86 after traded 4565216 shares.

Analysts await Maxim Integrated Products, Inc. (NASDAQ:MXIM) was sold by Jain Vivek. (NASDAQ:MXIM) shares. $221,227 worth of stock was sold by Preeshl Bryan on Friday, February 16.

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. (NASDAQ:MXIM) to report earnings on April, 19. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.65.

CSCO now trades at a forward P/E of 14.66, a P/B of 3.96, and a P/S of 4.28 while MXIM trades at a forward P/E of 20.17, a P/B of 8.21, and a P/S of 6.84. This is an increase from Maxim Integrated Products's previous quarterly dividend of $0.36.

When a company is able to grow consistently in terms of earnings at a high compound rate have the highest likelihood of creating value for its shareholders over time. It also reduced its holding in Autozone Inc (NYSE:AZO) by 8,533 shares in the quarter, leaving it with 1,220 shares, and cut its stake in Ishares Tr (CRED).

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