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.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 30,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $52.16, for a total value of $1,564,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Vivek Jain sold 6,793 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was 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 sold 234,819 shares of company stock worth $12,313,336 in the last 90 days. 1.11% of the stock is currently owned by corporate insiders.

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.

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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.

Earnings History for Maxim Integrated Products (NASDAQ:MXIM)

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