Brokerages expect Maxim Integrated Products, Inc. (NASDAQ:MXIM) to announce $619.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Maxim Integrated Products’ earnings. The lowest sales estimate is $619.50 million and the highest is $620.00 million. Maxim Integrated Products reported sales of $551.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is scheduled to issue its next earnings results on Thursday, January 25th.

On average, analysts expect that Maxim Integrated Products will report full year sales of $619.90 million for the current fiscal year, with estimates ranging from $2.37 billion to $2.48 billion. For the next fiscal year, analysts expect that the company will report sales of $2.51 billion per share, with estimates ranging from $2.40 billion to $2.56 billion. Zacks’ sales averages are a mean average based on a survey of research firms 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $576.80 million. During the same quarter in the previous year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year.

MXIM has been the topic of several research analyst reports. Loop Capital reiterated a “buy” rating and set a $57.00 price objective (up from $53.00) on shares of Maxim Integrated Products in a research report on Friday, October 20th. Zacks Investment Research cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Drexel Hamilton lifted 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 report on Friday, October 20th. Maxim Group lifted their price objective on shares of Maxim Integrated Products to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Citigroup lifted their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Maxim Integrated Products presently has a consensus rating of “Hold” and an average target price of $52.14.

In related news, Director Mary Ann Wright sold 560 shares of Maxim Integrated Products stock in a transaction on Monday, September 11th. The shares were sold at an average price of $46.29, for a total value of $25,922.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Vivek Jain sold 6,793 shares of Maxim Integrated Products 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 disclosure for this sale can be found here. Insiders have sold a total of 179,027 shares of company stock valued at $9,320,095 in the last three months. Company insiders own 1.11% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its stake in shares of Maxim Integrated Products by 0.7% in the 2nd quarter. Fiera Capital Corp now owns 15,596 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 107 shares during the last quarter. Ropes Wealth Advisors LLC lifted its stake in shares of Maxim Integrated Products by 5.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,248 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 234 shares during the last quarter. Capstone Asset Management Co. lifted its stake in shares of Maxim Integrated Products by 4.9% in the 2nd quarter. Capstone Asset Management Co. now owns 7,255 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 340 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Maxim Integrated Products by 16.9% in the 2nd 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 during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Maxim Integrated Products by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 375 shares during the last quarter. 90.48% of the stock is owned by institutional investors and hedge funds.

Maxim Integrated Products (NASDAQ:MXIM) opened at $51.41 on Tuesday. Maxim Integrated Products has a 52-week low of $37.88 and a 52-week high of $55.43. 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 firm has a market cap of $14,611.97, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, November 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 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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