Maxim Integrated Products (MXIM) to Release Earnings on Wednesday
Maxim Integrated Products (NASDAQ:MXIM) is set to post its quarterly earnings results after the market closes on Wednesday, January 24th. Analysts expect Maxim Integrated Products to post earnings of $0.65 per share for the quarter.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $576.80 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect Maxim Integrated Products to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Maxim Integrated Products (MXIM) opened at $54.33 on Wednesday. Maxim Integrated Products has a fifty-two week low of $40.44 and a fifty-two week high of $55.43. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The company has a market cap of $15,290.00, a P/E ratio of 26.50, a PEG ratio of 2.17 and a beta of 1.10.
A number of equities research analysts have recently commented on the stock. Morgan Stanley reiterated an “underweight” rating and set a $40.00 price target on shares of Maxim Integrated Products in a report on Wednesday, September 20th. SunTrust Banks increased their price target on shares of Maxim Integrated Products to $53.00 and gave the company a “hold” rating in a report on Friday, October 20th. Barclays increased their price target on shares of Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Loop Capital reiterated a “buy” rating and set a $57.00 price target (up previously from $53.00) on shares of Maxim Integrated Products in a report on Friday, October 20th. Finally, KeyCorp increased their price target on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.24.
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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