Brokerages expect Maxim Integrated Products Inc. (NASDAQ:MXIM) to post sales of $545.07 million 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 $544.85 million and the highest estimate coming in at $545.60 million. Maxim Integrated Products posted sales of $576.91 million in the same quarter last year, which suggests a negative year over year growth rate of 5.5%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, January 28th.

On average, analysts expect that Maxim Integrated Products will report full year sales of $2.22 billion for the current financial year, with estimates ranging from $2.17 billion to $2.25 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.39 billion, with estimates ranging from $2.35 billion to $2.44 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $530.99 million. Maxim Integrated Products had a return on equity of 34.55% and a net margin of 34.87%. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share.

A number of equities analysts have issued reports on MXIM shares. Zacks Investment Research downgraded Maxim Integrated Products from a “hold” rating to a “sell” rating and set a $59.00 price objective for the company. in a report on Thursday, October 3rd. Maxim Group downgraded Maxim Integrated Products from a “neutral” rating to an “underperform” rating in a report on Friday, September 27th. ValuEngine downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. BidaskClub downgraded Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Barclays downgraded Maxim Integrated Products from an “equal weight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a report on Thursday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Maxim Integrated Products has an average rating of “Hold” and an average price target of $63.82.

In related news, Director Mary Ann Wright sold 1,345 shares of Maxim Integrated Products stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $61.65, for a total value of $82,919.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tunc Doluca sold 19,000 shares of Maxim Integrated Products stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $60.83, for a total value of $1,155,770.00. The disclosure for this sale can be found here. Insiders have sold 71,549 shares of company stock valued at $4,294,898 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. bought a new stake in Maxim Integrated Products in the 3rd quarter worth about $29,000. Synovus Financial Corp increased its holdings in Maxim Integrated Products by 60.3% in the 3rd quarter. Synovus Financial Corp now owns 625 shares of the semiconductor company’s stock worth $37,000 after buying an additional 235 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in Maxim Integrated Products by 58.8% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 670 shares of the semiconductor company’s stock worth $39,000 after buying an additional 248 shares in the last quarter. Anderson Fisher LLC increased its holdings in Maxim Integrated Products by 551.2% in the 2nd quarter. Anderson Fisher LLC now owns 788 shares of the semiconductor company’s stock worth $47,000 after buying an additional 667 shares in the last quarter. Finally, CSat Investment Advisory L.P. increased its holdings in 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 worth $47,000 after buying an additional 410 shares in the last quarter. Institutional investors own 91.89% of the company’s stock.

MXIM traded down $0.59 during trading on Friday, reaching $61.37. The stock had a trading volume of 2,462,971 shares, compared to its average volume of 1,877,567. The stock’s 50 day moving average is $60.11 and its two-hundred day moving average is $58.42. The company has a current ratio of 7.08, a quick ratio of 6.39 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $16.61 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 2.41 and a beta of 1.41. Maxim Integrated Products has a one year low of $51.26 and a one year high of $65.73.

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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