Maxim Integrated Products Inc. (MXIM) Forecasted to Earn Q1 2019 Earnings of $0.75 Per Share

Maxim Integrated Products Inc. (NASDAQ:MXIM) – Analysts at KeyCorp issued their Q1 2019 earnings per share estimates for shares of Maxim Integrated Products in a research note issued to investors on Monday, September 24th. KeyCorp analyst J. Vinh expects that the semiconductor company will post earnings per share of $0.75 for the quarter. KeyCorp currently has a “Sector Weight” rating and a $68.00 price target on the stock. KeyCorp also issued estimates for Maxim Integrated Products’ Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.83 EPS, FY2019 earnings at $3.05 EPS, Q1 2020 earnings at $0.83 EPS, Q2 2020 earnings at $0.79 EPS, Q3 2020 earnings at $0.83 EPS, Q4 2020 earnings at $0.85 EPS and FY2020 earnings at $3.30 EPS.

Maxim Integrated Products (NASDAQ:MXIM) last released its earnings results on Thursday, July 26th. The semiconductor company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $633.10 million for the quarter, compared to the consensus estimate of $630.39 million. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 38.37%. Maxim Integrated Products’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS.

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research raised shares of Maxim Integrated Products from a “hold” rating to a “strong-buy” rating and set a $70.00 target price on the stock in a research report on Monday, July 30th. Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a report on Friday, July 27th. JPMorgan Chase & Co. upped their price objective on shares of Maxim Integrated Products from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Finally, MKM Partners upped their price objective on shares of Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Seventeen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Maxim Integrated Products has a consensus rating of “Hold” and an average target price of $61.06.

NASDAQ:MXIM opened at $56.35 on Thursday. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.60 and a beta of 1.19. Maxim Integrated Products has a twelve month low of $47.19 and a twelve month high of $74.94. The company has a current ratio of 4.03, a quick ratio of 3.67 and a debt-to-equity ratio of 0.51.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Maxim Integrated Products by 0.9% in the 2nd quarter. BlackRock Inc. now owns 23,087,467 shares of the semiconductor company’s stock valued at $1,354,313,000 after purchasing an additional 217,053 shares during the period. American Century Companies Inc. lifted its stake in shares of Maxim Integrated Products by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 12,403,852 shares of the semiconductor company’s stock valued at $727,610,000 after purchasing an additional 47,691 shares during the period. First Trust Advisors LP lifted its stake in shares of Maxim Integrated Products by 25.4% in the 2nd quarter. First Trust Advisors LP now owns 2,088,408 shares of the semiconductor company’s stock valued at $122,506,000 after purchasing an additional 422,378 shares during the period. Waddell & Reed Financial Inc. lifted its stake in shares of Maxim Integrated Products by 0.9% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,834,509 shares of the semiconductor company’s stock valued at $107,612,000 after purchasing an additional 16,735 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Maxim Integrated Products by 15.8% in the 1st quarter. Millennium Management LLC now owns 1,726,882 shares of the semiconductor company’s stock valued at $103,993,000 after purchasing an additional 235,444 shares during the period. Hedge funds and other institutional investors own 90.68% of the company’s stock.

In related news, VP Bruce E. Kiddoo sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $63.00, for a total value of $1,575,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bryan Preeshl sold 1,371 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $62.09, for a total transaction of $85,125.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,379 shares of company stock valued at $3,473,981. Company insiders own 1.11% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a $0.46 dividend. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Wednesday, August 29th. Maxim Integrated Products’s dividend payout ratio is 67.90%.

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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