Maxim Integrated Products (MXIM) Earning Favorable Press Coverage, Analysis Shows
Media stories about Maxim Integrated Products (NASDAQ:MXIM) have trended positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Maxim Integrated Products earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.5494893637991 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Pictet Asset Management Ltd. Reduces Position in Maxim Integrated Products, Inc. (MXIM) (wisdomsave.com)
- Edited Transcript of MXIM earnings conference call or presentation 20-Jul-17 9:00pm GMT (finance.yahoo.com)
- Maxim Integrated Products Inc (MXIM) Files 10-K for the Fiscal Year Ended on June 30, 2017 – Nasdaq (nasdaq.com)
- See what the IHS Markit Score report has to say about Maxim Integrated Products Inc. (finance.yahoo.com)
- Maxim Integrated Products, Inc. (MXIM) Ownership Down in Latest Report from Neuberger Berman Group LLC – First News 24 (firstnewspaper24.com)
Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a report on Monday, July 24th. B. Riley reiterated a “neutral” rating and set a $47.00 price target on shares of Maxim Integrated Products in a report on Saturday, July 22nd. Morgan Stanley upped their price target on shares of Maxim Integrated Products from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Monday, July 17th. Jefferies Group LLC reiterated a “buy” rating on shares of Maxim Integrated Products in a report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.61.
Shares of Maxim Integrated Products (NASDAQ:MXIM) opened at 45.33 on Wednesday. The firm’s 50-day moving average is $45.49 and its 200-day moving average is $45.56. The company has a market cap of $12.82 billion, a PE ratio of 22.89 and a beta of 1.04. Maxim Integrated Products has a 12 month low of $37.25 and a 12 month high of $49.70.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $609.52 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that Maxim Integrated Products will post $2.34 earnings per share for the current year.
Maxim Integrated Products declared that its board has initiated a share repurchase plan on Thursday, July 20th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a $0.36 dividend. This is a boost from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.18%. Maxim Integrated Products’s payout ratio is presently 66.33%.
In related news, VP Vivek Jain sold 616 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $46.85, for a total transaction of $28,859.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tunc Doluca sold 3,000 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $47.00, for a total transaction of $141,000.00. The disclosure for this sale can be found here. Insiders sold 142,548 shares of company stock worth $6,711,961 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.
About Maxim Integrated Products
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.
Receive News & Ratings for Maxim Integrated Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.