Maxim Integrated Products, Inc. (NASDAQ:MXIM) released its quarterly earnings data on Thursday. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01, Bloomberg Earnings reports. The business had revenue of $602 million for the quarter, compared to analyst estimates of $609.52 million. Maxim Integrated Products had a return on equity of 26.73% and a net margin of 22.16%. Maxim Integrated Products’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Maxim Integrated Products updated its Q1 guidance to $0.48-0.54 EPS.

Maxim Integrated Products (MXIM) traded up 1.55% during trading on Thursday, hitting $47.84. The company had a trading volume of 2,885,537 shares. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 27.49 and a beta of 1.04. Maxim Integrated Products has a 1-year low of $37.25 and a 1-year high of $49.70. The company’s 50 day moving average price is $46.55 and its 200-day moving average price is $45.01.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be paid a $0.36 dividend. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.01%. Maxim Integrated Products’s payout ratio is currently 75.86%.

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In related news, Director Joseph R. Bronson sold 18,300 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $45.08, for a total transaction of $824,964.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tunc Doluca sold 12,000 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $44.49, for a total value of $533,880.00. The disclosure for this sale can be found here. Insiders have sold a total of 241,548 shares of company stock valued at $11,148,556 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Several analysts recently weighed in on MXIM shares. MKM Partners started coverage on Maxim Integrated Products in a research note on Friday, April 7th. They issued a “neutral” rating and a $48.00 price objective on the stock. Macquarie started coverage on Maxim Integrated Products in a research note on Friday, March 31st. They issued an “outperform” rating and a $52.00 price objective on the stock. Drexel Hamilton reaffirmed a “buy” rating and issued a $52.00 price objective (up from $46.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $44.00 price objective (up from $41.00) on shares of Maxim Integrated Products in a research note on Tuesday, April 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $51.00 price objective (up from $49.00) on shares of Maxim Integrated Products in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. Maxim Integrated Products currently has an average rating of “Hold” and an average price target of $47.44.

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 caters to automotive, communications and data center, computing, consumer and industrial markets.

Earnings History for Maxim Integrated Products (NASDAQ:MXIM)

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