Maxim Integrated Products, Inc. (NASDAQ:MXIM) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.48-0.54 for the period, compared to the Thomson Reuters consensus estimate of $0.58. The company issued revenue guidance of $555-595 million, compared to the consensus revenue estimate of $592.35 million.

Maxim Integrated Products, Inc. (MXIM) traded up 1.55% during midday trading on Thursday, hitting $47.84. 2,850,007 shares of the stock traded hands. The firm has a market cap of $13.52 billion, a PE ratio of 27.49 and a beta of 1.04. Maxim Integrated Products, Inc. has a 12 month low of $37.25 and a 12 month high of $49.70. The company’s 50 day moving average price is $46.55 and its 200 day moving average price is $44.99.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, April 20th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $581 million during the quarter, compared to the consensus estimate of $575.83 million. Maxim Integrated Products had a return on equity of 26.73% and a net margin of 22.16%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. Equities research analysts predict that Maxim Integrated Products, Inc. will post $2.12 earnings per share for the current fiscal year.

Several research analysts recently commented 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 for the company. 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 for the company. Drexel Hamilton reissued 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. reissued 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 reissued 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $47.44.

In related news, VP Christopher J. Neil sold 51,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $44.24, for a total transaction of $2,256,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tunc Doluca sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $49.00, for a total value of $294,000.00. 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.

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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 and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

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