Wall Street brokerages expect that Maxim Integrated Products, Inc. (NASDAQ:MXIM) will report earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Maxim Integrated Products’ earnings. The lowest EPS estimate is $0.64 and the highest is $0.65. Maxim Integrated Products reported earnings per share of $0.46 in the same quarter last year, which indicates a positive year over year growth rate of 39.1%. The company is expected to announce its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Maxim Integrated Products will report full-year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.65. For the next fiscal year, analysts expect that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.51 to $2.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Maxim Integrated Products had a return on equity of 29.55% and a net margin of 25.48%. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $576.80 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year.

MXIM has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Maxim Integrated Products from $44.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. BMO Capital Markets lifted their price objective on Maxim Integrated Products from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. B. Riley reiterated a “hold” rating and set a $47.00 price objective on shares of Maxim Integrated Products in a research note on Monday, October 16th. Barclays lifted their price objective on Maxim Integrated Products from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Loop Capital reiterated a “buy” rating and set a $53.00 price objective on shares of Maxim Integrated Products in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Maxim Integrated Products has an average rating of “Hold” and a consensus price target of $52.14.

Shares of Maxim Integrated Products (NASDAQ MXIM) traded up $0.23 on Friday, reaching $51.64. The company’s stock had a trading volume of 1,286,400 shares, compared to its average volume of 2,051,687. Maxim Integrated Products has a 12 month low of $38.18 and a 12 month high of $55.43. The company has a current ratio of 14.14, a quick ratio of 13.09 and a debt-to-equity ratio of 0.68. The firm has a market cap of $14,471.23, a PE ratio of 22.85, a P/E/G ratio of 2.02 and a beta of 1.10.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.79%. Maxim Integrated Products’s dividend payout ratio is presently 70.24%.

In related news, Director Mary Ann Wright sold 560 shares of Maxim Integrated Products stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $46.29, for a total value of $25,922.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tunc Doluca sold 30,000 shares of Maxim Integrated Products stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $52.16, for a total value of $1,564,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 203,527 shares of company stock worth $10,587,830. 1.11% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of MXIM. Bank of New York Mellon Corp boosted its holdings in shares of Maxim Integrated Products by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,758,325 shares of the semiconductor company’s stock worth $656,409,000 after purchasing an additional 3,164,871 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Maxim Integrated Products by 13.4% during the 2nd quarter. BlackRock Inc. now owns 19,941,814 shares of the semiconductor company’s stock worth $895,388,000 after purchasing an additional 2,358,743 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Maxim Integrated Products by 17.2% during the 3rd quarter. American Century Companies Inc. now owns 14,214,823 shares of the semiconductor company’s stock worth $678,189,000 after purchasing an additional 2,087,911 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Maxim Integrated Products by 483.2% during the 2nd quarter. Principal Financial Group Inc. now owns 2,236,143 shares of the semiconductor company’s stock worth $100,403,000 after purchasing an additional 1,852,730 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Maxim Integrated Products during the 2nd quarter worth approximately $73,792,000. Institutional investors and hedge funds own 90.48% of the company’s stock.

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Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

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

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