Q3 2018 EPS Estimates for Maxim Integrated Products Inc. Boosted by Analyst (MXIM)

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.

A number of other research firms also recently issued reports on MXIM. Barclays raised their price target on Maxim Integrated Products from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets raised their price target on Maxim Integrated Products to $55.00 and gave the stock a “market perform” rating in a research note on Friday. Oppenheimer restated a “hold” rating on shares of Maxim Integrated Products in a research note on Friday. SunTrust Banks restated a “hold” rating and issued a $63.00 price target on shares of Maxim Integrated Products in a research note on Friday. Finally, Stifel Nicolaus raised their price target on Maxim Integrated Products from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.29.

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.

Earnings History and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

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