Analysts expect Maxim Integrated Products Inc. (NASDAQ:MXIM) to announce $0.52 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Maxim Integrated Products’ earnings, with estimates ranging from $0.51 to $0.52. Maxim Integrated Products reported earnings of $0.73 per share during the same quarter last year, which would indicate a negative year over year growth rate of 28.8%. The firm is expected to issue its next earnings results after the market closes on Tuesday, April 30th.
On average, analysts expect that Maxim Integrated Products will report full-year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.40 to $2.47. For the next fiscal year, analysts forecast that the company will post earnings of $2.65 per share, with EPS estimates ranging from $2.42 to $2.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Maxim Integrated Products.
Maxim Integrated Products (NASDAQ:MXIM) last issued its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). The firm had revenue of $576.91 million during the quarter, compared to the consensus estimate of $590.50 million. Maxim Integrated Products had a net margin of 28.72% and a return on equity of 42.09%.
Shares of MXIM stock traded down $0.17 on Thursday, reaching $57.97. The stock had a trading volume of 787,760 shares, compared to its average volume of 2,091,818. The company has a debt-to-equity ratio of 0.57, a quick ratio of 5.85 and a current ratio of 6.54. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.00 and a beta of 1.31. Maxim Integrated Products has a 12 month low of $46.64 and a 12 month high of $63.68.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 28th were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $1.84 annualized dividend and a yield of 3.17%. Maxim Integrated Products’s dividend payout ratio is currently 67.90%.
In related news, CFO Bruce E. Kiddoo sold 8,062 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $55.60, for a total transaction of $448,247.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tunc Doluca sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $57.00, for a total transaction of $570,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,880 shares of company stock worth $3,476,301. Insiders own 0.85% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MXIM. IMS Capital Management bought a new position in Maxim Integrated Products in the 3rd quarter valued at approximately $28,000. CWM LLC raised its position in Maxim Integrated Products by 78.0% in the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 262 shares during the period. TCI Wealth Advisors Inc. raised its position in Maxim Integrated Products by 311.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 580 shares during the period. Sun Life Financial INC bought a new stake in Maxim Integrated Products in the fourth quarter worth about $39,000. Finally, Guardian Life Insurance Co. of America bought a new stake in Maxim Integrated Products in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 98.56% of the company’s stock.
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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