Analysts expect that Maxim Integrated Products, Inc. (NASDAQ:MXIM) will post $619.90 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Maxim Integrated Products’ earnings. The lowest sales estimate is $619.50 million and the highest is $620.00 million. Maxim Integrated Products posted sales of $551.00 million in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that Maxim Integrated Products will report full year sales of $619.90 million for the current financial year, with estimates ranging from $2.37 billion to $2.48 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.51 billion per share, with estimates ranging from $2.40 billion to $2.56 billion. Zacks’ sales calculations 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 released its earnings results on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The firm had revenue of $576.00 million during the quarter, compared to the consensus estimate of $576.80 million. During the same period in the prior year, the company posted $0.48 EPS. The company’s revenue was up 2.6% compared to the same quarter last year.
Shares of Maxim Integrated Products (NASDAQ MXIM) opened at $53.15 on Friday. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. Maxim Integrated Products has a 1 year low of $38.18 and a 1 year high of $55.43. The firm has a market capitalization of $15,028.57, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.11 and a beta of 1.10.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.71%. Maxim Integrated Products’s payout ratio is 70.24%.
In related news, Director Mary Ann Wright sold 560 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.79, for a total transaction of $30,122.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bruce E. Kiddoo sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $51.71, for a total value of $1,292,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 224,617 shares of company stock valued at $11,679,687. Insiders own 1.11% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in Maxim Integrated Products by 16.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 343 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in Maxim Integrated Products in the third quarter worth approximately $128,000. Acrospire Investment Management LLC boosted its holdings in 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 worth $126,000 after acquiring an additional 1,600 shares in the last quarter. IFP Advisors Inc boosted its holdings in Maxim Integrated Products by 68.5% in the second quarter. IFP Advisors Inc now owns 3,114 shares of the semiconductor company’s stock worth $140,000 after acquiring an additional 1,266 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new position in Maxim Integrated Products in the second quarter worth approximately $144,000. 90.31% of the stock is owned by institutional investors and hedge funds.
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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.
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