Brokerages forecast that Maxim Integrated Products Inc. (NASDAQ:MXIM) will announce earnings of $0.49 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Maxim Integrated Products’ earnings, with estimates ranging from $0.49 to $0.50. Maxim Integrated Products posted earnings per share of $0.75 in the same quarter last year, which would suggest a negative year over year growth rate of 34.7%. The company is expected to announce its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that Maxim Integrated Products will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.07 to $2.29. For the next year, analysts expect that the firm will report earnings of $2.64 per share, with EPS estimates ranging from $2.42 to $2.88. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $559.97 million. Maxim Integrated Products had a net margin of 35.76% and a return on equity of 37.75%. Maxim Integrated Products’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS.

A number of brokerages have issued reports on MXIM. Benchmark began coverage on shares of Maxim Integrated Products in a report on Thursday, August 1st. They set a “hold” rating on the stock. Citigroup set a $62.00 target price on shares of Maxim Integrated Products and gave the company a “hold” rating in a report on Wednesday, July 31st. Zacks Investment Research cut shares of Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $69.00 target price on the stock. in a report on Thursday, July 25th. Maxim Group reissued a “sell” rating on shares of Maxim Integrated Products in a report on Friday, September 13th. Finally, BidaskClub raised shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $61.44.

In other news, Director James R. Bergman sold 1,400 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $57.45, for a total value of $80,430.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Edwin Medlin sold 22,500 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $59.77, for a total transaction of $1,344,825.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,568 shares of company stock worth $6,581,292. Insiders own 0.85% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. increased its stake in Maxim Integrated Products by 97.5% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 559 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 276 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Maxim Integrated Products by 175.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 736 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 469 shares in the last quarter. Anderson Fisher LLC raised its stake in shares of Maxim Integrated Products by 551.2% in the 2nd quarter. Anderson Fisher LLC now owns 788 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 667 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Maxim Integrated Products by 106.2% in the 2nd quarter. CSat Investment Advisory L.P. now owns 796 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 410 shares in the last quarter. Finally, AGF Investments LLC bought a new position in shares of Maxim Integrated Products in the 2nd quarter valued at approximately $53,000. 92.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:MXIM traded up $0.09 during mid-day trading on Wednesday, reaching $58.79. The company had a trading volume of 49,061 shares, compared to its average volume of 1,695,810. The company has a current ratio of 6.84, a quick ratio of 6.18 and a debt-to-equity ratio of 0.54. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.32 and a beta of 1.39. The company’s 50-day moving average price is $55.67 and its 200-day moving average price is $56.85. Maxim Integrated Products has a one year low of $46.64 and a one year high of $65.73.

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.92 annualized dividend and a dividend yield of 3.27%. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.46. Maxim Integrated Products’s dividend payout ratio is presently 79.01%.

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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