Maxim Integrated Products, Inc. (NASDAQ:MXIM) will issue its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Maxim Integrated Products has set its Q1 guidance at $0.48-0.54 EPS.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The company had revenue of $602.00 million for the quarter, compared to analyst estimates of $609.52 million. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect Maxim Integrated Products to post $2.34 EPS for the current fiscal year and $2.50 EPS for the next fiscal year.

Maxim Integrated Products, Inc. (NASDAQ MXIM) opened at 48.98 on Wednesday. Maxim Integrated Products, Inc. has a 12-month low of $37.25 and a 12-month high of $49.70. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 24.74 and a beta of 1.05. The stock has a 50 day moving average price of $46.79 and a 200-day moving average price of $45.99.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were given a $0.36 dividend. This is a boost 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 2.94%. The ex-dividend date of this dividend was Tuesday, August 29th. Maxim Integrated Products’s payout ratio is currently 72.36%.

Maxim Integrated Products declared that its board has initiated a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In other news, CEO Tunc Doluca sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.60, for a total value of $547,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Neil sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.67, for a total value of $159,845.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,443 shares of company stock valued at $6,266,251. Company insiders own 1.11% of the company’s stock.

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MXIM has been the topic of several analyst reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. BidaskClub raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Maxim Integrated Products in a research report on Tuesday, July 11th. Loop Capital reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Maxim Integrated Products in a research report on Thursday, August 31st. Finally, Maxim Group reaffirmed a “buy” rating on shares of Maxim Integrated Products in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.29.

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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