Equities research analysts predict that Maxim Integrated Products Inc. (NASDAQ:MXIM) will report $640.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Maxim Integrated Products’ earnings, with the highest sales estimate coming in at $644.90 million and the lowest estimate coming in at $640.00 million. Maxim Integrated Products posted sales of $581.22 million in the same quarter last year, which suggests a positive year over year growth rate of 10.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Maxim Integrated Products will report full year sales of $640.58 million for the current year, with estimates ranging from $2.46 billion to $2.50 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.62 billion per share, with estimates ranging from $2.50 billion to $2.72 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Maxim Integrated Products.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $0.65 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.65. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $620.46 million. Maxim Integrated Products had a net margin of 16.08% and a return on equity of 32.59%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share.
In other Maxim Integrated Products news, Director Mary Ann Wright sold 560 shares of Maxim Integrated Products stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.79, for a total transaction of $30,122.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Neil sold 3,500 shares of Maxim Integrated Products stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.35, for a total transaction of $214,725.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 234,749 shares of company stock worth $13,647,197. Insiders own 1.11% of the company’s stock.
A number of hedge funds have recently modified their holdings of MXIM. Cerebellum GP LLC purchased a new position in Maxim Integrated Products during the fourth quarter worth about $121,000. Benjamin F. Edwards & Company Inc. purchased a new position in Maxim Integrated Products during the third quarter worth about $128,000. Aviance Capital Management LLC raised its stake in Maxim Integrated Products by 38,728.6% during the fourth quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 2,711 shares during the period. Toronto Dominion Bank increased its position in shares of Maxim Integrated Products by 12.1% during the second quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 375 shares during the last quarter. Finally, NuWave Investment Management LLC acquired a new stake in shares of Maxim Integrated Products during the fourth quarter valued at about $169,000.
Shares of Maxim Integrated Products (NASDAQ MXIM) opened at $57.95 on Monday. The company has a market cap of $12,645.50, a price-to-earnings ratio of 23.75, a P/E/G ratio of 2.14 and a beta of 1.20. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.50. Maxim Integrated Products has a 52-week low of $43.35 and a 52-week high of $74.94.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.42 dividend. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Wednesday, February 28th. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 108.27%.
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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