Maxim Integrated Products (MXIM) : Black Maple Capital Management Lp has sold out all of its stake in Maxim Integrated Products during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 47,800 shares of Maxim Integrated Products which is valued at $1,955,498.
Other Hedge Funds, Including , Voya Investment Management boosted its stake in MXIM in the latest quarter, The investment management firm added 154,342 additional shares and now holds a total of 1,762,057 shares of Maxim Integrated Products which is valued at $72,085,752. Maxim Integrated Products makes up approx 0.17% of Voya Investment Management’s portfolio.Wfg Advisors Lp boosted its stake in MXIM in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 1,751 shares of Maxim Integrated Products which is valued at $71,633. Maxim Integrated Products makes up approx 0.02% of Wfg Advisors Lp’s portfolio.Blackrock Fund Advisors boosted its stake in MXIM in the latest quarter, The investment management firm added 131,364 additional shares and now holds a total of 3,879,978 shares of Maxim Integrated Products which is valued at $158,729,900. Maxim Integrated Products makes up approx 0.03% of Blackrock Fund Advisors’s portfolio. Exane Derivatives added MXIM to its portfolio by purchasing 396 company shares during the most recent quarter which is valued at $16,042. Fny Managed Accounts sold out all of its stake in MXIM during the most recent quarter. The investment firm sold 9,200 shares of MXIM which is valued $379,408.
Maxim Integrated Products closed down -0.92 points or -2.27% at $39.63 with 3,319,139 shares getting traded on Wednesday. Post opening the session at $40, the shares hit an intraday low of $39.495 and an intraday high of $40.26 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. Maxim Integrated Products was Downgraded by RBC Capital Mkts to ” Sector Perform” on Sep 7, 2016. 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.
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.