Equities research analysts forecast that Maxim Integrated Products Inc. (NASDAQ:MXIM) will announce $0.57 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Maxim Integrated Products’ earnings. The lowest EPS estimate is $0.56 and the highest is $0.58. Maxim Integrated Products reported earnings of $0.73 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 21.9%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, July 30th.

According to Zacks, analysts expect that Maxim Integrated Products will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.45. For the next year, analysts expect that the firm will report earnings of $2.67 per share, with EPS estimates ranging from $2.55 to $2.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Maxim Integrated Products.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $542.38 million for the quarter, compared to analyst estimates of $540.17 million. Maxim Integrated Products had a return on equity of 40.16% and a net margin of 27.36%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS.

A number of equities analysts have weighed in on the company. Bank of America restated a “buy” rating and issued a $105.00 target price (up from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Deutsche Bank lowered Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 target price on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. MKM Partners upped their target price on Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Maxim Group restated a “buy” rating on shares of Abeona Therapeutics in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $61.50.

In related news, VP Vivek Jain sold 14,246 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $60.58, for a total transaction of $863,022.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tunc Doluca sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $61.16, for a total value of $428,120.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,246 shares of company stock worth $2,403,413. 0.85% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Korea Investment CORP increased its holdings in Maxim Integrated Products by 10.5% in the 4th quarter. Korea Investment CORP now owns 128,100 shares of the semiconductor company’s stock valued at $6,514,000 after buying an additional 12,200 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Maxim Integrated Products by 22.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 70,025 shares of the semiconductor company’s stock valued at $3,561,000 after buying an additional 12,937 shares during the period. Dimensional Fund Advisors LP increased its holdings in Maxim Integrated Products by 31.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,150,193 shares of the semiconductor company’s stock valued at $58,485,000 after buying an additional 272,110 shares during the period. Natixis Advisors L.P. increased its holdings in Maxim Integrated Products by 6.4% in the 4th quarter. Natixis Advisors L.P. now owns 64,428 shares of the semiconductor company’s stock valued at $3,276,000 after buying an additional 3,852 shares during the period. Finally, Prudential PLC increased its holdings in Maxim Integrated Products by 4.6% in the 4th quarter. Prudential PLC now owns 11,400 shares of the semiconductor company’s stock valued at $580,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

NASDAQ MXIM traded down $0.45 during trading on Friday, reaching $61.07. The company’s stock had a trading volume of 66,891 shares, compared to its average volume of 1,414,583. The company has a market capitalization of $17.02 billion, a PE ratio of 22.69, a PEG ratio of 2.00 and a beta of 1.42. 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 stock has a fifty day moving average of $57.99. Maxim Integrated Products has a one year low of $46.64 and a one year high of $63.68.

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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