$0.57 EPS Expected for Maxim Integrated Products Inc. (MXIM) This Quarter

Wall Street analysts expect Maxim Integrated Products Inc. (NASDAQ:MXIM) to announce earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Maxim Integrated Products’ earnings, with estimates ranging from $0.57 to $0.58. Maxim Integrated Products posted earnings of $0.73 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 21.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Maxim Integrated Products will report full year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.44 to $2.45. For the next fiscal year, analysts expect that the company will post earnings of $2.68 per share, with EPS estimates ranging from $2.55 to $2.90. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The firm had revenue of $542.38 million during the quarter, compared to the consensus estimate of $540.17 million. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Evercore ISI dropped their price objective on Maxim Integrated Products from $60.00 to $55.00 in a research report on Monday, January 14th. BidaskClub raised Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a research report on Wednesday, January 30th. Finally, Cowen assumed coverage on Maxim Integrated Products in a research report on Friday, February 22nd. They set a “market perform” rating and a $56.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $61.83.

Shares of NASDAQ:MXIM traded down $0.42 on Friday, hitting $56.88. 119,114 shares of the company traded hands, compared to its average volume of 1,998,146. Maxim Integrated Products has a 52 week low of $46.64 and a 52 week high of $63.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.46 and a quick ratio of 5.77. The company has a market capitalization of $15.87 billion, a PE ratio of 20.95, a PEG ratio of 2.12 and a beta of 1.35.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be given a $0.46 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $1.84 annualized dividend and a yield of 3.23%. Maxim Integrated Products’s payout ratio is 67.90%.

In other Maxim Integrated Products news, VP David Loftus sold 13,614 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $53.81, for a total value of $732,569.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bruce E. Kiddoo sold 8,062 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $55.60, for a total value of $448,247.20. The disclosure for this sale can be found here. Insiders sold 72,352 shares of company stock worth $4,172,270 over the last three months. Insiders own 0.85% of the company’s stock.

A number of large investors have recently made changes to their positions in MXIM. ETF Managers Group LLC raised its stake in shares of Maxim Integrated Products by 8.5% in the first quarter. ETF Managers Group LLC now owns 2,414 shares of the semiconductor company’s stock worth $128,000 after buying an additional 190 shares during the period. Valley National Advisers Inc. raised its stake in shares of Maxim Integrated Products by 1.2% in the first quarter. Valley National Advisers Inc. now owns 17,053 shares of the semiconductor company’s stock worth $907,000 after buying an additional 197 shares during the period. CWM LLC raised its stake in shares of Maxim Integrated Products by 38.5% in the first quarter. CWM LLC now owns 828 shares of the semiconductor company’s stock worth $44,000 after buying an additional 230 shares during the period. Stanley Laman Group Ltd. raised its stake in shares of Maxim Integrated Products by 1.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 16,431 shares of the semiconductor company’s stock worth $836,000 after buying an additional 262 shares during the period. Finally, First Personal Financial Services raised its stake in shares of Maxim Integrated Products by 76.9% in the first quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock worth $36,000 after buying an additional 297 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

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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