Maxim Integrated Products (MXIM) to Release Earnings on Wednesday
Maxim Integrated Products (NASDAQ:MXIM) is scheduled to be releasing its earnings data after the market closes on Wednesday, January 24th. Analysts expect Maxim Integrated Products to post earnings of $0.65 per share for the quarter.
Maxim Integrated Products (NASDAQ:MXIM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm had revenue of $576.00 million for the quarter, compared to the consensus estimate of $576.80 million. Maxim Integrated Products had a net margin of 25.48% and a return on equity of 29.55%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. On average, analysts expect Maxim Integrated Products to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Maxim Integrated Products (NASDAQ MXIM) opened at $54.33 on Wednesday. The company has a market cap of $15,290.00, a price-to-earnings ratio of 26.50, a PEG ratio of 2.17 and a beta of 1.10. Maxim Integrated Products has a 52-week low of $40.44 and a 52-week high of $55.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14.
In other Maxim Integrated Products news, CEO Tunc Doluca sold 4,000 shares of Maxim Integrated Products stock in a transaction on Friday, January 12th. The shares were sold at an average price of $55.00, for a total value of $220,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bruce E. Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $51.71, for a total transaction of $1,292,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 234,819 shares of company stock worth $12,313,336. 1.11% of the stock is currently owned by insiders.
Several brokerages have recently commented on MXIM. Zacks Investment Research downgraded shares of Maxim Integrated Products from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Citigroup raised their price objective on shares of Maxim Integrated Products from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Morgan Stanley raised their price objective on shares of Maxim Integrated Products from $42.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Bank of America raised their price objective on shares of Maxim Integrated Products from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, KeyCorp raised their price objective on shares of Maxim Integrated Products from $49.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $52.24.
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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.
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