Maxim Integrated Products Inc. (MXIM) to Release Earnings on Thursday
Maxim Integrated Products Inc. (NASDAQ:MXIM) is scheduled to issue its Q117 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $560.84 million for the quarter. Maxim Integrated Products has set its Q1 guidance at $0.44-0.50 EPS.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $566 million for the quarter, compared to analyst estimates of $575.46 million. Maxim Integrated Products had a return on equity of 22.15% and a net margin of 10.36%. On average, analysts expect Maxim Integrated Products to post $1.96 EPS for the current fiscal year and $2.21 EPS for the next fiscal year.
Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) opened at 38.90 on Wednesday. Maxim Integrated Products Inc. has a 1-year low of $30.28 and a 1-year high of $42.37. The firm has a 50-day moving average price of $39.23 and a 200 day moving average price of $38.14. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 49.24 and a beta of 1.14.
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In other news, Director William D. Watkins sold 60,786 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $41.08, for a total value of $2,497,088.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Edwin Medlin sold 26,552 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $40.07, for a total transaction of $1,063,938.64. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp raised its stake in Maxim Integrated Products by 22.7% in the second quarter. OMERS ADMINISTRATION Corp now owns 16,200 shares of the company’s stock valued at $578,000 after buying an additional 3,000 shares in the last quarter. Decatur Capital Management Inc. acquired a new stake in Maxim Integrated Products during the second quarter valued at approximately $450,000. National Pension Service raised its stake in Maxim Integrated Products by 10.1% in the second quarter. National Pension Service now owns 228,285 shares of the company’s stock valued at $8,147,000 after buying an additional 20,926 shares in the last quarter. GAM Holding AG raised its stake in Maxim Integrated Products by 32.0% in the second quarter. GAM Holding AG now owns 10,532 shares of the company’s stock valued at $376,000 after buying an additional 2,551 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in Maxim Integrated Products by 24.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 41,600 shares of the company’s stock valued at $1,485,000 after buying an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 90.27% of the company’s stock.
MXIM has been the topic of several analyst reports. Drexel Hamilton reiterated a “buy” rating and set a $42.00 price target on shares of Maxim Integrated Products in a research note on Monday, July 25th. Jefferies Group restated a “buy” rating and set a $42.00 price objective (up from $41.00) on shares of Maxim Integrated Products in a research report on Tuesday, July 26th. Barclays PLC raised their price objective on shares of Maxim Integrated Products from $35.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 31st. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, BMO Capital Markets downgraded shares of Maxim Integrated Products from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Maxim Integrated Products presently has an average rating of “Hold” and a consensus target price of $41.10.
About Maxim Integrated Products
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.
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