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) 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.
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