Dividend Alert: Dec 15, 2016 is the day that Maxim Integrated Products, Inc. (NASDAQ:MXIM) claims $0.33 dividends could be paid.

Dividend Alert: Dec 15, 2016 is the day that Maxim Integrated Products, Inc. (NASDAQ:MXIM) claims $0.33 dividends could be paid.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) is expected to pay $0.33 on Dec 15, 2016. The indicated annual dividend is $1.32. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Maxim Integrated Products, Inc.’s current price of $40.20, the dividend is 0.82%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 21, 2016. The stock increased 0.60% or $0.24 on November 25, hitting $40.2. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 7.00% since April 25, 2016 and is uptrending. It has outperformed by 0.99% the S&P500.

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 has a market cap of $11.46 billion. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. It has a 26.6 P/E ratio. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets.

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.04, from 1.14 in 2016Q1. The ratio worsened, as 29 funds sold all Maxim Integrated Products Inc. shares owned while 127 reduced positions. 48 funds bought stakes while 130 increased positions. They now own 251.12 million shares or 2.76% less from 258.25 million shares in 2016Q1.
First Trust Advsr Lp has 0.05% invested in the company for 456,661 shares. Analytic Investors Ltd Liability Corp owns 389,218 shares or 0.16% of their US portfolio. The Texas-based Avalon Advsrs Lc has invested 0.51% in Maxim Integrated Products Inc. (NASDAQ:MXIM). Valley National Advisers owns 32,717 shares or 0.61% of their US portfolio. Panagora Asset Mgmt last reported 6,404 shares in the company. Plante Moran Financial Advsr last reported 56 shares in the company. Strs Ohio holds 32,928 shares or 0.01% of its portfolio. Ubs Asset Mngmt Americas has 0.07% invested in the company for 1.84M shares. Ig Invest Mgmt has 0.01% invested in the company for 98,884 shares. Envestnet Asset Management accumulated 22,541 shares or 0% of the stock. Toronto Dominion Commercial Bank has 1,574 shares for 0% of their US portfolio. Art Advsrs Ltd Liability Co holds 0.02% or 11,689 shares in its portfolio. Registered Advisor Inc last reported 0.39% of its portfolio in the stock. Pictet Asset Mngmt Ltd has 322,055 shares for 0.05% of their US portfolio. Blackrock Japan Ltd has 0.07% invested in the company for 516,020 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 28 insider sales for $20.67 million net activity. 3,000 Maxim Integrated Products Inc. (NASDAQ:MXIM) shares with value of $112,730 were sold by WAZZAN A R FRANK. Jain Vivek also sold $14,740 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Wednesday, June 1. HAGOPIAN B KIPLING also sold $2.29 million worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) on Friday, June 10. $252,000 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) was sold by DOLUCA TUNC. KIDDOO BRUCE E had sold 25,000 shares worth $947,500 on Thursday, June 9. Shares for $529,266 were sold by YAMASAKI STEVEN T on Wednesday, June 8. MURPHY MATTHEW J also sold $161,158 worth of Maxim Integrated Products Inc. (NASDAQ:MXIM) shares.

Maxim Integrated Products Inc. (NASDAQ:MXIM) Ratings Coverage

Out of 19 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 11 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 58% are positive. Maxim Integrated Products Inc. has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Tuesday, May 17 by CLSA. The rating was maintained by Stifel Nicolaus on Friday, January 22 with “Buy”. On Thursday, September 17 the stock rating was upgraded by Zacks to “Buy”. Bank of America upgraded the stock to “Buy” rating in Friday, July 24 report. The firm has “Neutral” rating given on Friday, January 22 by Credit Suisse. The rating was maintained by RBC Capital Markets on Tuesday, January 12 with “Sector Perform”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 1 report. Barclays Capital maintained the shares of MXIM in a report on Wednesday, August 31 with “Equal-Weight” rating. The firm has “Outperform” rating given on Friday, April 8 by RBC Capital Markets. The rating was initiated by Susquehanna with “Positive” on Tuesday, September 20.

More important recent Maxim Integrated Products Inc. (NASDAQ:MXIM) news were published by: Prnewswire.com which released: “EBV Elektronik and Maxim Integrated Sign EMEA Distribution Agreement” on November 07, 2016, also Prnewswire.com published article titled: “Simplify Wearables Design with Maxim’s Ultra-Low Power, High-Performance …”, Prnewswire.com published: “Maxim Integrated CEO Tunc Doluca Elected Chair of the Semiconductor Industry …” on November 11, 2016. More interesting news about Maxim Integrated Products Inc. (NASDAQ:MXIM) was released by: Prnewswire.com and their article: “Maxim’s Octal High-Side Switch and Driver Safely Demagnetizes Any Inductive …” with publication date: November 08, 2016.

MXIM Company Profile

Maxim Integrated Products, Inc., incorporated on August 19, 1987, is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Firm also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Firm caters to automotive, communications and data center, computing, consumer and industrial markets. The Firm offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, universal serial bus (USB) products, current loop products, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.

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