Maxim Integrated Products Inc. (MXIM) To Go Ex-Dividend on November 28th

Maxim Integrated Products Inc. (NASDAQ:MXIM) declared a quarterly dividend on Tuesday, October 30th, Zacks reports. Stockholders of record on Thursday, November 29th will be paid a dividend of 0.46 per share by the semiconductor company on Thursday, December 13th. This represents a $1.84 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, November 28th.

Maxim Integrated Products has raised its dividend by an average of 8.5% per year over the last three years and has raised its dividend every year for the last 8 years. Maxim Integrated Products has a dividend payout ratio of 59.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Maxim Integrated Products to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 62.2%.

Shares of NASDAQ MXIM opened at $52.49 on Friday. The stock has a market capitalization of $14.54 billion, a PE ratio of 19.37, a P/E/G ratio of 1.66 and a beta of 1.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.57 and a quick ratio of 3.27. Maxim Integrated Products has a fifty-two week low of $46.85 and a fifty-two week high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. The company had revenue of $638.50 million during the quarter, compared to analysts’ expectations of $635.19 million. Maxim Integrated Products had a return on equity of 41.83% and a net margin of 20.06%. Maxim Integrated Products’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. As a group, sell-side analysts forecast that Maxim Integrated Products will post 2.71 EPS for the current fiscal year.

In related news, Director James R. Bergman sold 4,400 shares of Maxim Integrated Products stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $53.24, for a total transaction of $234,256.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Loftus sold 6,623 shares of Maxim Integrated Products stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $60.01, for a total value of $397,446.23. The disclosure for this sale can be found here. Insiders have sold 21,023 shares of company stock valued at $1,210,602 in the last quarter. 0.85% of the stock is currently owned by corporate insiders.

Several brokerages have recently weighed in on MXIM. BidaskClub upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Stifel Nicolaus raised their price objective on Maxim Integrated Products from $73.00 to $75.00 and gave the company a “buy” rating in a report on Friday, July 27th. MKM Partners raised their price objective on Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a report on Friday, July 27th. BMO Capital Markets lifted their price target on Maxim Integrated Products from $55.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $70.00 price target for the company in a report on Monday, July 30th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $60.76.

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About Maxim Integrated Products

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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Dividend History for Maxim Integrated Products (NASDAQ:MXIM)

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