Maxim Integrated Products, Inc. (NASDAQ:MXIM) – Equities researchers at SunTrust Banks lifted their Q2 2018 earnings per share estimates for shares of Maxim Integrated Products in a research report issued to clients and investors on Friday. SunTrust Banks analyst W. Stein now anticipates that the semiconductor company will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.56. SunTrust Banks has a “Hold” rating and a $53.00 price objective on the stock. SunTrust Banks also issued estimates for Maxim Integrated Products’ Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.65 EPS and FY2019 earnings at $2.55 EPS.

Other research analysts have also recently issued research reports about the stock. B. Riley reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Maxim Integrated Products in a report on Tuesday, September 12th. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating on shares of Maxim Integrated Products in a research note on Tuesday, July 11th. Morgan Stanley increased their price objective on shares of Maxim Integrated Products from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Monday, July 17th. Finally, Drexel Hamilton increased their price objective on shares of Maxim Integrated Products from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.55.

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Shares of Maxim Integrated Products (NASDAQ MXIM) opened at 52.09 on Monday. The company has a market cap of $14.69 billion, a P/E ratio of 26.31 and a beta of 1.05. The firm has a 50-day moving average of $47.85 and a 200-day moving average of $46.26. Maxim Integrated Products has a 52-week low of $37.32 and a 52-week high of $53.10.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.64%. The business had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s revenue was up 2.6% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.76%. Maxim Integrated Products’s dividend payout ratio is presently 70.24%.

Maxim Integrated Products declared that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In other Maxim Integrated Products news, CFO Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $45.28, for a total transaction of $1,132,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Edward Grady sold 30,849 shares of Maxim Integrated Products stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $45.04, for a total transaction of $1,389,438.96. 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.

Several hedge funds have recently made changes to their positions in MXIM. Proficio Capital Partners LLC grew its holdings in shares of Maxim Integrated Products by 51.4% in the first quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 764 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 343 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of Maxim Integrated Products in the second quarter valued at approximately $115,000. Acrospire Investment Management LLC grew its holdings in shares of Maxim Integrated Products by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Duncker Streett & Co. Inc. grew its holdings in shares of Maxim Integrated Products by 21.1% in the second quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Maxim Integrated Products Company Profile

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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