Maxim Integrated Products Inc. (NASDAQ:MXIM) – Investment analysts at B. Riley raised their Q3 2018 earnings per share (EPS) estimates for Maxim Integrated Products in a research note issued to investors on Friday. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $0.71 per share for the quarter, up from their previous forecast of $0.62. B. Riley currently has a “Hold” rating and a $54.00 price objective on the stock. B. Riley also issued estimates for Maxim Integrated Products’ Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.69 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $0.68 EPS and FY2019 earnings at $2.89 EPS.
Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. The business had revenue of $623.00 million for the quarter, compared to the consensus estimate of $620.46 million. Maxim Integrated Products had a return on equity of 31.84% and a net margin of 16.08%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS.
Maxim Integrated Products (NASDAQ:MXIM) opened at $59.01 on Monday. The stock has a market capitalization of $16,610.00, a price-to-earnings ratio of 44.37, a PEG ratio of 2.12 and a beta of 1.10. Maxim Integrated Products has a 52 week low of $43.08 and a 52 week high of $59.10. The company has a quick ratio of 13.09, a current ratio of 14.14 and a debt-to-equity ratio of 0.68.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.42 dividend. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, February 28th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 108.27%.
In related news, CEO Tunc Doluca sold 14,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.00, for a total value of $770,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William D. Watkins sold 19,650 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total value of $1,011,778.50. 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.
Institutional investors have recently made changes to their positions in the stock. Shelton Capital Management raised its holdings in Maxim Integrated Products by 24.6% in the 2nd quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock worth $958,000 after purchasing an additional 4,218 shares during the period. Artemis Investment Management LLP bought a new stake in Maxim Integrated Products during the third quarter valued at about $6,879,000. American Century Companies Inc. raised its holdings in Maxim Integrated Products by 17.2% during the third quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock valued at $678,189,000 after acquiring an additional 2,087,911 shares during the period. Artisan Partners Limited Partnership raised its holdings in Maxim Integrated Products by 50.8% during the third quarter. Artisan Partners Limited Partnership now owns 2,477,908 shares of the semiconductor company’s stock valued at $118,221,000 after acquiring an additional 834,443 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in Maxim Integrated Products during the second quarter valued at about $621,000. 90.23% of the stock is currently owned by institutional investors.
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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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