As Maxim Integrated Prods INC (MXIM) Stock Declined, Wbi Investments INC Has Lifted Holding by $24.71 Million

July 14, 2018 - By Lawrence Diaz

Maxim Integrated Products, Inc. (NASDAQ:MXIM) LogoInvestors sentiment decreased to 0.89 in Q1 2018. Its down 0.46, from 1.35 in 2017Q4. It fall, as 49 investors sold MXIM shares while 154 reduced holdings. 58 funds opened positions while 123 raised stakes. 250.01 million shares or 1.42% more from 246.50 million shares in 2017Q4 were reported. 3.09M were reported by Fil. Renaissance Technology Ltd Liability stated it has 724,300 shares. Nomura Asset Limited holds 0.09% or 131,101 shares in its portfolio. Vident Inv Advisory Ltd Liability Co reported 0.01% in Maxim Integrated Products, Inc. (NASDAQ:MXIM). Meiji Yasuda Asset Management Limited invested in 0.04% or 7,026 shares. Cibc Ww Markets reported 23,367 shares. Verition Fund Mngmt Lc invested in 0.05% or 10,543 shares. National Bank Of Ny Mellon owns 11.54M shares or 0.19% of their US portfolio. Moreover, Commerce Natl Bank has 0.01% invested in Maxim Integrated Products, Inc. (NASDAQ:MXIM) for 6,623 shares. Hightower Advsrs Ltd Company owns 209,001 shares or 0.11% of their US portfolio. Victory, Ohio-based fund reported 826,804 shares. Aqr Capital Mgmt Limited Liability Corp, a Connecticut-based fund reported 1.85 million shares. Los Angeles Capital Management Equity Inc owns 19,331 shares. Asset has invested 0.34% of its portfolio in Maxim Integrated Products, Inc. (NASDAQ:MXIM). Sigma Planning Corporation accumulated 17,982 shares or 0.08% of the stock.

Since January 29, 2018, it had 0 insider buys, and 26 selling transactions for $17.24 million activity. NEIL CHRISTOPHER J had sold 3,500 shares worth $212,436. The insider Wright Mary Ann sold 440 shares worth $26,717. BERGMAN JAMES R sold $1.89 million worth of stock. Another trade for 25,000 shares valued at $1.56M was sold by KIDDOO BRUCE E. 1,199 shares were sold by Preeshl Bryan, worth $72,698. $557,965 worth of stock was sold by Loftus David on Wednesday, February 28.

Wbi Investments Inc increased its stake in Maxim Integrated Prods Inc (MXIM) by 124.9% based on its latest 2018Q1 regulatory filing with the SEC. Wbi Investments Inc bought 411,873 shares as the company’s stock declined 5.34% with the market. The institutional investor held 741,626 shares of the technology company at the end of 2018Q1, valued at $44.66M, up from 329,753 at the end of the previous reported quarter. Wbi Investments Inc who had been investing in Maxim Integrated Prods Inc for a number of months, seems to be bullish on the $16.97B market cap company. The stock decreased 0.51% or $0.31 during the last trading session, reaching $60.67. About 1.20M shares traded. Maxim Integrated Products, Inc. (NASDAQ:MXIM) has risen 23.96% since July 14, 2017 and is uptrending. It has outperformed by 11.39% the S&P500.

Wbi Investments Inc, which manages about $2.52 billion and $1.95 billion US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 29,603 shares to 7,386 shares, valued at $2.42M in 2018Q1, according to the filing. It also reduced its holding in Blackrock Inc (NYSE:BLK) by 32,163 shares in the quarter, leaving it with 10,537 shares, and cut its stake in Legg Mason Inc (NYSE:LM).

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

Among 12 analysts covering Maxim Integrated (NASDAQ:MXIM), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Maxim Integrated has $73 highest and $54.0 lowest target. $60.17’s average target is -0.82% below currents $60.67 stock price. Maxim Integrated had 15 analyst reports since January 18, 2018 according to SRatingsIntel. Stifel Nicolaus maintained Maxim Integrated Products, Inc. (NASDAQ:MXIM) on Friday, January 26 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, January 30. SunTrust maintained the stock with “Hold” rating in Friday, January 26 report. The stock of Maxim Integrated Products, Inc. (NASDAQ:MXIM) earned “Buy” rating by Drexel Hamilton on Friday, January 26. The company was maintained on Thursday, January 25 by RBC Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, January 30. The stock of Maxim Integrated Products, Inc. (NASDAQ:MXIM) has “Hold” rating given on Friday, January 26 by BMO Capital Markets. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, January 26. The firm has “Buy” rating given on Friday, April 27 by Drexel Hamilton. The company was maintained on Thursday, January 18 by Stifel Nicolaus.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) Institutional Positions Chart

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