Analysts expect that Maxim Integrated Products Inc. (NASDAQ:MXIM) will announce earnings of $0.75 per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Maxim Integrated Products’ earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.76. Maxim Integrated Products reported earnings of $0.60 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that Maxim Integrated Products will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.83 to $3.17. For the next fiscal year, analysts forecast that the business will report earnings of $3.22 per share, with EPS estimates ranging from $2.82 to $3.45. Zacks’ EPS averages are an average based on a survey of research firms that follow Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 37.83%. The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $630.39 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year.

Several brokerages have commented on MXIM. JPMorgan Chase & Co. increased their price target on shares of Maxim Integrated Products from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. BMO Capital Markets increased their price target on shares of Maxim Integrated Products from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, July 27th. MKM Partners increased their price target on shares of Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, BidaskClub lowered shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.89.

Maxim Integrated Products stock traded up $0.28 during mid-day trading on Monday, hitting $51.80. The company had a trading volume of 2,102,218 shares, compared to its average volume of 2,463,884. The firm has a market capitalization of $15.68 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.56 and a beta of 1.19. Maxim Integrated Products has a 1 year low of $49.14 and a 1 year high of $74.94. The company has a quick ratio of 3.67, a current ratio of 4.03 and a debt-to-equity ratio of 0.51.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.55%. Maxim Integrated Products’s dividend payout ratio (DPR) is 67.90%.

In other news, VP Vivek Jain sold 10,474 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $61.87, for a total transaction of $648,026.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tunc Doluca sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $56.80, for a total transaction of $284,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,879 shares of company stock worth $3,553,301. Insiders own 1.11% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of Maxim Integrated Products during the first quarter worth approximately $106,000. Kiley Juergens Wealth Management LLC purchased a new position in shares of Maxim Integrated Products during the second quarter worth approximately $117,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Maxim Integrated Products during the first quarter worth approximately $205,000. Hilltop Holdings Inc. purchased a new position in shares of Maxim Integrated Products during the first quarter worth approximately $218,000. Finally, Financial Gravity Wealth Inc. purchased a new position in shares of Maxim Integrated Products during the first quarter worth approximately $236,000. Institutional investors and hedge funds own 90.72% of the company’s stock.

Maxim Integrated Products Company Profile

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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Earnings History and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

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