Analysts expect Maxim Integrated Products Inc. (NASDAQ:MXIM) to report $510.41 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Maxim Integrated Products’ earnings, with the lowest sales estimate coming in at $509.80 million and the highest estimate coming in at $512.10 million. Maxim Integrated Products reported sales of $556.55 million during the same quarter last year, which indicates a negative year over year growth rate of 8.3%. The firm is scheduled to announce its next earnings report on Tuesday, August 4th.
According to Zacks, analysts expect that Maxim Integrated Products will report full-year sales of $2.16 billion for the current fiscal year. For the next financial year, analysts anticipate that the firm will report sales of $2.15 billion, with estimates ranging from $2.01 billion to $2.26 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Maxim Integrated Products.
Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Maxim Integrated Products had a net margin of 37.00% and a return on equity of 35.31%. The business had revenue of $562.00 million for the quarter, compared to analyst estimates of $553.58 million. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.
In related news, VP Vivek Jain sold 4,302 shares of Maxim Integrated Products stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $60.53, for a total value of $260,400.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryan Preeshl sold 1,144 shares of Maxim Integrated Products stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $55.25, for a total transaction of $63,206.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,446 shares of company stock valued at $3,083,806 in the last 90 days. Insiders own 0.84% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MXIM. State Street Corp raised its stake in Maxim Integrated Products by 0.7% during the 1st quarter. State Street Corp now owns 11,749,943 shares of the semiconductor company’s stock worth $571,165,000 after acquiring an additional 78,267 shares in the last quarter. Optimal Asset Management Inc. raised its stake in Maxim Integrated Products by 42.8% during the 1st quarter. Optimal Asset Management Inc. now owns 62,400 shares of the semiconductor company’s stock worth $3,033,000 after acquiring an additional 18,700 shares in the last quarter. Tredje AP fonden raised its stake in Maxim Integrated Products by 10.2% during the 1st quarter. Tredje AP fonden now owns 36,279 shares of the semiconductor company’s stock worth $1,764,000 after acquiring an additional 3,360 shares in the last quarter. Morgan Stanley raised its stake in Maxim Integrated Products by 49.9% during the 1st quarter. Morgan Stanley now owns 853,220 shares of the semiconductor company’s stock worth $41,477,000 after acquiring an additional 284,215 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Maxim Integrated Products by 1.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,346,960 shares of the semiconductor company’s stock worth $65,475,000 after acquiring an additional 15,889 shares in the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.
Maxim Integrated Products stock traded down $0.99 during midday trading on Friday, reaching $59.20. The company had a trading volume of 2,347,919 shares, compared to its average volume of 2,254,142. The company has a market capitalization of $15.78 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.71 and a beta of 1.30. Maxim Integrated Products has a 12-month low of $41.93 and a 12-month high of $65.73. The firm’s fifty day simple moving average is $57.45 and its 200-day simple moving average is $56.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.95 and a quick ratio of 5.39.
The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, May 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.24%. Maxim Integrated Products’s dividend payout ratio is currently 79.01%.
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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