Maxim Integrated Products, Inc. (MXIM) Expected to Post Earnings of $0.64 Per Share

Analysts forecast that Maxim Integrated Products, Inc. (NASDAQ:MXIM) will post earnings of $0.64 per share for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Maxim Integrated Products’ earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.64. Maxim Integrated Products posted earnings per share of $0.46 during the same quarter last year, which indicates a positive year-over-year growth rate of 39.1%. The firm is expected to announce its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Maxim Integrated Products will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.12 to $2.65. For the next fiscal year, analysts anticipate that the business will report earnings of $2.66 per share, with EPS estimates ranging from $2.51 to $2.90. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. Maxim Integrated Products’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share.

A number of equities analysts have weighed in on the stock. B. Riley reaffirmed a “neutral” rating and set a $47.00 price target on shares of Maxim Integrated Products in a research note on Tuesday, September 12th. Morgan Stanley reissued an “underweight” rating and issued a $40.00 price objective on shares of Maxim Integrated Products in a research report on Wednesday, September 20th. SunTrust Banks increased their price objective on shares of Maxim Integrated Products to $53.00 and gave the stock a “hold” rating in a research report on Friday, October 20th. Barclays increased their price objective on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Finally, Loop Capital reissued a “buy” rating and issued a $57.00 price objective (up previously from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.14.

In other Maxim Integrated Products news, VP Vivek Jain sold 6,793 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $52.18, for a total transaction of $354,458.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Neil sold 3,500 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,027 shares of company stock valued at $9,320,095. Company insiders own 1.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MXIM. Bank of New York Mellon Corp boosted its stake in Maxim Integrated Products by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock valued at $656,409,000 after acquiring an additional 3,164,871 shares during the last quarter. BlackRock Inc. boosted its stake in Maxim Integrated Products by 13.4% during the 2nd quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock valued at $895,388,000 after acquiring an additional 2,358,743 shares during the last quarter. American Century Companies Inc. boosted its stake in Maxim Integrated Products by 17.2% during the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after acquiring an additional 2,087,911 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Maxim Integrated Products by 483.2% during the 2nd quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock valued at $100,403,000 after acquiring an additional 1,852,730 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in Maxim Integrated Products during the 2nd quarter valued at $73,792,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Maxim Integrated Products (NASDAQ MXIM) traded down $0.42 during trading hours on Friday, reaching $51.91. 1,820,000 shares of the company’s stock were exchanged, compared to its average volume of 1,641,439. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. The stock has a market capitalization of $14,611.99, a P/E ratio of 23.07, a P/E/G ratio of 2.03 and a beta of 1.11. Maxim Integrated Products has a 12 month low of $37.32 and a 12 month high of $55.43.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Wednesday, November 29th. Maxim Integrated Products’s payout ratio is 70.24%.

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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.

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Earnings History and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

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