Maxim Integrated Products Inc. (NASDAQ:MXIM) – KeyCorp reduced their Q2 2020 earnings per share estimates for shares of Maxim Integrated Products in a note issued to investors on Wednesday, April 10th. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will earn $0.71 per share for the quarter, down from their prior estimate of $0.72.

Several other equities research analysts also recently commented on the stock. Evercore ISI cut their target price on shares of Maxim Integrated Products from $60.00 to $55.00 in a research report on Monday, January 14th. Bank of America downgraded shares of Maxim Integrated Products from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a research report on Wednesday, January 30th. Cowen initiated coverage on shares of Maxim Integrated Products in a research report on Friday, February 22nd. They set a “market perform” rating and a $56.00 target price on the stock. Finally, BidaskClub downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $59.67.

NASDAQ:MXIM opened at $59.02 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 5.85 and a current ratio of 6.54. Maxim Integrated Products has a one year low of $46.64 and a one year high of $63.68. The company has a market cap of $16.21 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. The business had revenue of $576.91 million for the quarter, compared to analyst estimates of $590.50 million.

Large investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Maxim Integrated Products in the 4th quarter valued at $279,000. Avitas Wealth Management LLC increased its stake in shares of Maxim Integrated Products by 4.5% in the 3rd quarter. Avitas Wealth Management LLC now owns 57,193 shares of the semiconductor company’s stock valued at $3,225,000 after acquiring an additional 2,454 shares in the last quarter. Conning Inc. increased its stake in shares of Maxim Integrated Products by 4.9% in the 4th quarter. Conning Inc. now owns 138,822 shares of the semiconductor company’s stock valued at $7,059,000 after acquiring an additional 6,517 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Maxim Integrated Products by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 28,025,275 shares of the semiconductor company’s stock valued at $1,580,346,000 after acquiring an additional 150,909 shares in the last quarter. Finally, Kepos Capital LP bought a new stake in shares of Maxim Integrated Products in the 3rd quarter valued at $3,075,000. Institutional investors own 98.56% of the company’s stock.

In other news, Director Mary Ann Wright sold 1,564 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $51.68, for a total value of $80,827.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tunc Doluca sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $54.55, for a total transaction of $272,750.00. The disclosure for this sale can be found here. Insiders sold a total of 62,880 shares of company stock worth $3,476,301 in the last 90 days. Corporate insiders own 0.85% 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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Earnings History and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

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