Analysts expect that Maxim Integrated Products, Inc. (NASDAQ:MXIM) will report $0.55 earnings per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Maxim Integrated Products’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.54. Maxim Integrated Products posted earnings per share of $0.48 during the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The company is scheduled to issue its next earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Maxim Integrated Products will report full-year earnings of $2.34 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.46. For the next financial year, analysts anticipate that the business will report earnings of $2.52 per share, with EPS estimates ranging from $2.31 to $2.67. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $609.52 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. Maxim Integrated Products’s revenue was up 6.3% on a year-over-year basis.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Maxim Integrated Products from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and set a $54.00 price target (up previously from $52.00) on shares of Maxim Integrated Products in a research note on Friday, May 26th. B. Riley reissued a “neutral” rating and set a $44.00 price target on shares of Maxim Integrated Products in a research note on Monday, July 17th. BidaskClub raised Maxim Integrated Products from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Finally, Morgan Stanley lifted their price objective on Maxim Integrated Products from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.17.

In other Maxim Integrated Products news, Director Robert Edward Grady sold 30,849 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $45.04, for a total value of $1,389,438.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tunc Doluca sold 6,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $49.00, for a total transaction of $294,000.00. The disclosure for this sale can be found here. Insiders sold a total of 145,029 shares of company stock worth $6,637,899 over the last quarter. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of MXIM. Proficio Capital Partners LLC raised its stake in Maxim Integrated Products by 51.4% in the first quarter. Proficio Capital Partners LLC now owns 2,251 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 764 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Maxim Integrated Products by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,371 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 343 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in Maxim Integrated Products during the second quarter valued at about $115,000. Acrospire Investment Management LLC raised its stake in Maxim Integrated Products by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,600 shares in the last quarter. Finally, TrimTabs Asset Management LLC raised its stake in Maxim Integrated Products by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,854 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 1,344 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Analysts Expect Maxim Integrated Products, Inc. (MXIM) Will Post Earnings of $0.55 Per Share” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/30/analysts-expect-maxim-integrated-products-inc-mxim-will-post-earnings-of-0-55-per-share.html.

Maxim Integrated Products (MXIM) traded up 1.81% on Wednesday, reaching $45.56. The company’s stock had a trading volume of 2,045,766 shares. Maxim Integrated Products has a 1-year low of $37.25 and a 1-year high of $49.70. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 23.01 and a beta of 1.04. The firm’s 50 day moving average price is $45.44 and its 200-day moving average price is $45.54.

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 repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, August 29th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 3.16%. Maxim Integrated Products’s dividend payout ratio (DPR) is presently 66.33%.

Maxim Integrated Products Company Profile

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.

Get a free copy of the Zacks research report on Maxim Integrated Products (MXIM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

Receive News & Stock 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 stocks with our FREE daily email newsletter.