Wall Street brokerages expect that Maxim Integrated Products, Inc. (NASDAQ:MXIM) will announce $619.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Maxim Integrated Products’ earnings, with the highest sales estimate coming in at $620.00 million and the lowest estimate coming in at $619.50 million. Maxim Integrated Products posted sales of $551.00 million in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, January 25th.
On average, analysts expect that Maxim Integrated Products will report full year sales of $619.90 million for the current financial year, with estimates ranging from $2.37 billion to $2.48 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.51 billion per share, with estimates ranging from $2.40 billion to $2.56 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Maxim Integrated Products.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $576.80 million. During the same period in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year.
Maxim Integrated Products (NASDAQ:MXIM) traded down $0.21 during trading hours on Tuesday, hitting $53.82. The company had a trading volume of 1,703,710 shares, compared to its average volume of 2,197,752. The company has a debt-to-equity ratio of 0.68, a quick ratio of 13.09 and a current ratio of 14.14. Maxim Integrated Products has a 12 month low of $39.75 and a 12 month high of $55.43. The company has a market cap of $15,150.00, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 2.68%. Maxim Integrated Products’s dividend payout ratio is currently 70.24%.
In other news, Director William D. Watkins sold 19,650 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.49, for a total value of $1,011,778.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Vivek Jain sold 6,793 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $52.18, for a total value of $354,458.74. The disclosure for this sale can be found here. Insiders sold a total of 230,819 shares of company stock worth $12,093,336 over the last 90 days. Corporate insiders own 1.11% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Aberdeen Asset Management PLC UK boosted its holdings in shares of Maxim Integrated Products by 1,402.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 363,196 shares of the semiconductor company’s stock worth $16,307,000 after purchasing an additional 339,024 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Maxim Integrated Products by 9.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 190,924 shares of the semiconductor company’s stock worth $8,572,000 after purchasing an additional 16,744 shares in the last quarter. Shelton Capital Management boosted its holdings in shares of Maxim Integrated Products by 24.6% in the 2nd quarter. Shelton Capital Management now owns 21,335 shares of the semiconductor company’s stock worth $958,000 after purchasing an additional 4,218 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Maxim Integrated Products in the 3rd quarter worth about $6,879,000. Finally, Teachers Advisors LLC boosted its holdings in Maxim Integrated Products by 51.6% during the 2nd quarter. Teachers Advisors LLC now owns 691,447 shares of the semiconductor company’s stock valued at $31,046,000 after acquiring an additional 235,221 shares during the period. Hedge funds and other institutional investors own 90.27% of the company’s stock.
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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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