Analysts expect Maxim Integrated Products Inc. (NASDAQ:MXIM) to post earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Maxim Integrated Products’ earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.54. Maxim Integrated Products reported earnings per share of $0.49 in the same quarter last year, which indicates a positive year-over-year growth rate of 18.4%. The business is expected to report its next earnings report on Thursday, July 20th.
According to Zacks, analysts expect that Maxim Integrated Products will report full-year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.06. For the next fiscal year, analysts expect that the business will report earnings of $2.35 per share, with EPS estimates ranging from $2.13 to $2.49. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Maxim Integrated Products.
Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, April 20th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Maxim Integrated Products had a net margin of 22.39% and a return on equity of 24.82%. The business had revenue of $581 million for the quarter, compared to the consensus estimate of $575.83 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis.
Several equities analysts have recently weighed in on MXIM shares. Macquarie started coverage on shares of Maxim Integrated Products in a research note on Friday, March 31st. They set an “outperform” rating and a $52.00 price target for the company. MKM Partners started coverage on shares of Maxim Integrated Products in a research note on Friday, April 7th. They set a “neutral” rating and a $48.00 price target for the company. Bank of America Corp raised shares of Maxim Integrated Products from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $51.00 to $43.00 in a research note on Friday, January 27th. Zacks Investment Research cut shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Finally, Royal Bank of Canada raised their price target on shares of Maxim Integrated Products from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.50.
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Maxim Integrated Products (NASDAQ:MXIM) traded down 1.17% during mid-day trading on Tuesday, hitting $44.92. 7,955,728 shares of the company were exchanged. The company has a 50 day moving average of $44.86 and a 200 day moving average of $41.78. Maxim Integrated Products has a 12-month low of $33.38 and a 12-month high of $46.22. The stock has a market cap of $12.70 billion, a P/E ratio of 26.03 and a beta of 1.14.
In related news, CFO Bruce E. Kiddoo sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $44.90, for a total value of $1,122,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tunc Doluca sold 24,500 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $44.59, for a total value of $1,092,455.00. The disclosure for this sale can be found here. Insiders have sold 202,058 shares of company stock valued at $8,933,685 in the last three months. Insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in Maxim Integrated Products by 10.7% in the third quarter. Advisor Group Inc. now owns 3,479 shares of the semiconductor company’s stock worth $138,000 after buying an additional 335 shares during the period. WFG Advisors LP increased its position in Maxim Integrated Products by 119.5% in the fourth quarter. WFG Advisors LP now owns 3,854 shares of the semiconductor company’s stock worth $221,000 after buying an additional 2,098 shares during the period. Tompkins Financial Corp increased its position in Maxim Integrated Products by 31.3% in the first quarter. Tompkins Financial Corp now owns 3,962 shares of the semiconductor company’s stock worth $146,000 after buying an additional 944 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Maxim Integrated Products by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,555 shares of the semiconductor company’s stock worth $178,000 after buying an additional 12 shares during the period. Finally, Meristem LLP bought a new position in Maxim Integrated Products during the third quarter worth approximately $207,000. 90.38% of the stock is owned by institutional investors and hedge funds.
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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