Maxim Integrated Products Inc. Forecasted to Post FY2021 Earnings of $2.70 Per Share (MXIM)

Maxim Integrated Products Inc. (NASDAQ:MXIM) – Stock analysts at Oppenheimer issued their FY2021 earnings per share (EPS) estimates for Maxim Integrated Products in a research note issued to investors on Friday. Oppenheimer analyst R. Schafer anticipates that the semiconductor company will post earnings per share of $2.70 for the year. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Maxim Integrated Products’ FY2022 earnings at $3.16 EPS.

Other equities analysts also recently issued research reports about the company. Bank of America upped their target price on Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 20th. Loop Capital restated a “buy” rating and set a $57.00 target price (up previously from $53.00) on shares of Maxim Integrated Products in a report on Friday, October 20th. Stifel Nicolaus upped their target price on Maxim Integrated Products from $54.00 to $57.00 and gave the company a “buy” rating in a report on Friday, October 20th. Drexel Hamilton upped their target price on Maxim Integrated Products from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Maxim Group upped their target price on Maxim Integrated Products to $60.00 and gave the company a “buy” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Maxim Integrated Products has a consensus rating of “Hold” and a consensus price target of $54.29.

Maxim Integrated Products (NASDAQ:MXIM) opened at $59.01 on Monday. 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 company has a market capitalization of $12,876.81, a P/E ratio of 24.18, a P/E/G ratio of 2.20 and a beta of 1.10. Maxim Integrated Products has a twelve month low of $43.08 and a twelve month high of $59.10.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. Maxim Integrated Products had a return on equity of 31.84% and a net margin of 16.08%. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $620.46 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.85%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 28th. Maxim Integrated Products’s dividend payout ratio is presently 108.27%.

In related news, CEO Tunc Doluca sold 14,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $53.00, for a total value of $742,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bruce E. Kiddoo sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.40, for a total value of $272,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,315 shares of company stock worth $7,509,527. 1.11% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MXIM. Cerebellum GP LLC purchased a new stake in shares of Maxim Integrated Products in the fourth quarter worth $121,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Maxim Integrated Products in the third quarter worth $128,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Maxim Integrated Products in the second quarter worth $144,000. Toronto Dominion Bank grew its stake in shares of Maxim Integrated Products by 12.1% in the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 375 shares during the last quarter. Finally, WFG Advisors LP grew its stake in shares of Maxim Integrated Products by 201.1% in the second quarter. WFG Advisors LP now owns 3,962 shares of the semiconductor company’s stock worth $178,000 after acquiring an additional 2,646 shares during the last quarter. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

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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 and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

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