Bank Of America (BAC) Holding Held by Vantage Investment Advisors Llc; Willingdon Wealth Management Boosted Maxim Integrated Prods (MXIM) Stake

June 20, 2018 - By David King

Maxim Integrated Products, Inc. (NASDAQ:MXIM) Logo

Vantage Investment Advisors Llc increased its stake in Bank Of America (BAC) by 20.01% based on its latest 2018Q1 regulatory filing with the SEC. Vantage Investment Advisors Llc bought 30,499 shares as the company’s stock declined 6.97% with the market. The institutional investor held 182,921 shares of the major banks company at the end of 2018Q1, valued at $5.49 million, up from 152,422 at the end of the previous reported quarter. Vantage Investment Advisors Llc who had been investing in Bank Of America for a number of months, seems to be bullish on the $296.68B market cap company. The stock decreased 0.48% or $0.14 during the last trading session, reaching $29.26. About 65.47 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 20, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 03/05/2018 – ResMed Presenting at Bank of America Conference May 16; 12/04/2018 – REG-BANK OF AMERICA CORPORATION FRN Variable Rate Fix; 25/04/2018 – BofA Says 151 Employees Were Affected by Mass Shootings in U.S; 09/05/2018 – Spectrum Pharmaceuticals to Present Corporate Update at the Bank of America Merrill Lynch 2018 Health Care Conference on May; 10/05/2018 – Homology Medicines at Bank of America Conference May 15; 16/04/2018 – BOFA CFO DONOFRIO CONCLUDES EARNINGS CALL WITH JOURNALISTS; 28/03/2018 – BOFA IS SAID TO HAVE TWO MANAGING DIRECTORS IN LONDON DEPART; 26/03/2018 – U.S. Leveraged Loan Issuance Drops 44% in 2018, BofA Leads; 20/04/2018 – Conmed Presenting at Bank of America Conference May 15; 15/05/2018 – Boston Scientific at Bank of America Conference Tomorrow

Willingdon Wealth Management increased its stake in Maxim Integrated Prods Inc (MXIM) by 34656.99% based on its latest 2018Q1 regulatory filing with the SEC. Willingdon Wealth Management bought 32,231 shares as the company’s stock declined 5.34% with the market. The institutional investor held 32,324 shares of the technology company at the end of 2018Q1, valued at $1.95 million, up from 93 at the end of the previous reported quarter. Willingdon Wealth Management who had been investing in Maxim Integrated Prods Inc for a number of months, seems to be bullish on the $16.88 billion market cap company. The stock decreased 1.26% or $0.77 during the last trading session, reaching $60.35. About 2.08 million shares traded. Maxim Integrated Products, Inc. (NASDAQ:MXIM) has risen 23.96% since June 20, 2017 and is uptrending. It has outperformed by 11.39% the S&P500. Some Historical MXIM News: 15/03/2018 – GALMED PHARMACEUTICALS LTD GLMD.O : MAXIM RAISES TO BUY FROM HOLD; 24/04/2018 – BIO-key Coverage Assumed by Maxim Group at Buy; 07/03/2018 – Payment Data Systems at Non-Deal Roadshow Hosted By Maxim Today; 26/04/2018 – MAXIM INTEGRATED 3Q ADJ EPS 73C, EST. 70C; 25/04/2018 – Payment Data Systems Coverage Assumed by Maxim Group at Buy; 26/04/2018 – MAXIM INTEGRATED PRODUCTS INC – SEES FOR JUNE 2018 QUARTER EPS $0.62 TO $0.68 GAAP; 05/04/2018 – Profire Energy Non-Deal Roadshow Scheduled By Maxim for Apr. 12; 24/05/2018 – Maxim Power Corp. Announces Board of Directors Election Results; 08/05/2018 – Navigator Holdings Group Lunch Scheduled By Maxim for May. 15; 06/03/2018 – VMware: Metrics Decline, Says Maxim, and Then There’s Dell — Barron’s Blog

Among 30 analysts covering Maxim Integrated Products Inc. (NASDAQ:MXIM), 15 have Buy rating, 1 Sell and 14 Hold. Therefore 50% are positive. Maxim Integrated Products Inc. had 87 analyst reports since July 24, 2015 according to SRatingsIntel. Credit Suisse maintained Maxim Integrated Products, Inc. (NASDAQ:MXIM) on Friday, January 22 with “Neutral” rating. B. Riley & Co maintained it with “Neutral” rating and $50 target in Friday, October 20 report. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, September 5 report. The stock of Maxim Integrated Products, Inc. (NASDAQ:MXIM) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 27. The stock of Maxim Integrated Products, Inc. (NASDAQ:MXIM) has “Buy” rating given on Thursday, August 31 by Loop Capital Markets. Barclays Capital maintained Maxim Integrated Products, Inc. (NASDAQ:MXIM) rating on Wednesday, October 18. Barclays Capital has “Equal-Weight” rating and $50 target. The company was maintained on Friday, June 16 by Raymond James. The firm has “Underweight” rating given on Wednesday, December 13 by Morgan Stanley. The firm has “Buy” rating given on Friday, July 21 by Drexel Hamilton. The rating was maintained by Jefferies with “Buy” on Monday, July 10.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.46, from 1.35 in 2017Q4. It is negative, 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. Sumitomo Mitsui Asset Mngmt Com Ltd reported 0.02% stake. Legg Mason Asset Mgmt (Japan) stated it has 0.66% in Maxim Integrated Products, Inc. (NASDAQ:MXIM). Campbell Newman Asset Mngmt Incorporated has 234,823 shares for 2.35% of their portfolio. Natixis Advsr LP stated it has 0.04% of its portfolio in Maxim Integrated Products, Inc. (NASDAQ:MXIM). Moreover, Pictet Asset Mngmt Ltd has 0.07% invested in Maxim Integrated Products, Inc. (NASDAQ:MXIM). Shoker Inv Counsel Incorporated holds 12,404 shares or 0.57% of its portfolio. Moreover, Winslow Evans And Crocker has 0% invested in Maxim Integrated Products, Inc. (NASDAQ:MXIM) for 64 shares. First Quadrant LP Ca reported 329,096 shares. Glenmede Co Na has invested 0% in Maxim Integrated Products, Inc. (NASDAQ:MXIM). 340,436 were accumulated by Avalon. Goelzer accumulated 115,416 shares. Robecosam Ag stated it has 1.04M shares. Private Harbour Inv Management Counsel Ltd Llc holds 11,725 shares. The Ohio-based Public Employees Retirement Sys Of Ohio has invested 0.04% in Maxim Integrated Products, Inc. (NASDAQ:MXIM). Moreover, Waddell Reed Fincl Incorporated has 0.25% invested in Maxim Integrated Products, Inc. (NASDAQ:MXIM) for 1.82M shares.

Since January 2, 2018, it had 0 insider purchases, and 29 insider sales for $18.65 million activity. $3.22 million worth of stock was sold by DOLUCA TUNC on Monday, January 29. Shares for $103,888 were sold by Jain Vivek on Wednesday, May 16. On Wednesday, May 16 the insider Wright Mary Ann sold $25,304. On Tuesday, January 2 the insider NEIL CHRISTOPHER J sold $183,950. The insider Gagneja Sumeet sold $22,214. On Wednesday, February 21 the insider KIDDOO BRUCE E sold $622,703.

Willingdon Wealth Management, which manages about $239.04M and $316.40M US Long portfolio, decreased its stake in Ishares Tr (HYG) by 10,104 shares to 34,825 shares, valued at $2.98 million in 2018Q1, according to the filing. It also reduced its holding in Cisco Sys Inc (NASDAQ:CSCO) by 92,977 shares in the quarter, leaving it with 71,871 shares, and cut its stake in W P Carey Inc (NYSE:WPC).

Another recent and important Maxim Integrated Products, Inc. (NASDAQ:MXIM) news was published by Seekingalpha.com which published an article titled: “Maxim Integrated Products (MXIM) Investor Presentation – Slideshow” on June 04, 2018.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.24, from 1.19 in 2017Q4. It dived, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Invsts Asset Mngmt Of Georgia Inc Ga Adv reported 57,269 shares. One Cap Mgmt Ltd Com owns 0.68% invested in Bank of America Corporation (NYSE:BAC) for 115,622 shares. Barometer Mgmt holds 2.51% or 990,670 shares. Tradewinds Cap Mngmt Ltd Llc stated it has 0.16% of its portfolio in Bank of America Corporation (NYSE:BAC). Hoertkorn Richard Charles has 7.1% invested in Bank of America Corporation (NYSE:BAC) for 384,201 shares. Fca Tx holds 0.22% in Bank of America Corporation (NYSE:BAC) or 17,988 shares. Logan Cap Mgmt has 12,675 shares. Schnieders Cap Mgmt Ltd Liability Corporation reported 207,846 shares. Intersect Cap Limited accumulated 19,773 shares or 0.31% of the stock. Jones Fincl Lllp reported 16,908 shares. Axa holds 0.57% or 4.76 million shares in its portfolio. Norinchukin National Bank & Trust The owns 0.3% invested in Bank of America Corporation (NYSE:BAC) for 591,362 shares. 224,783 are owned by Ibm Retirement Fund. Noesis Cap Mangement owns 9,225 shares. Connable Office invested in 1.29% or 219,584 shares.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: More Tailwinds” on June 03, 2018, also Seekingalpha.com with their article: “Bank of America Corporation (BAC) Presents at Morgan Stanley Financials Conference (Transcript)” published on June 12, 2018, Investorplace.com published: “5 Top Stock Trades for Thursday Morning” on June 13, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Financial sector the winner today” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Howard Hughes Corp. starts construction on 55-story Chicago office tower” with publication date: June 15, 2018.

Vantage Investment Advisors Llc, which manages about $916.05 million and $393.90M US Long portfolio, decreased its stake in Starbucks (NASDAQ:SBUX) by 90,030 shares to 2,447 shares, valued at $142,000 in 2018Q1, according to the filing. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 10,141 shares in the quarter, leaving it with 70,441 shares, and cut its stake in Honeywell International (NYSE:HON).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 6 by Oppenheimer. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Monday, October 16 with “Market Perform” rating. The firm earned “Outperform” rating on Friday, September 23 by CLSA. The rating was maintained by Jefferies with “Buy” on Friday, August 11. Citigroup maintained it with “Buy” rating and $26 target in Wednesday, January 11 report. The firm has “Hold” rating by Societe Generale given on Tuesday, January 9. The rating was maintained by Robert W. Baird on Friday, August 25 with “Hold”. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, August 25 by Deutsche Bank. The company was maintained on Tuesday, January 2 by Robert W. Baird. RBC Capital Markets maintained the shares of BAC in report on Friday, October 6 with “Buy” rating.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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