Maxim Integrated Products Inc. (MXIM) Forecasted to Post Q4 2019 Earnings of $0.57 Per Share

Maxim Integrated Products Inc. (NASDAQ:MXIM) – Jefferies Financial Group reduced their Q4 2019 earnings per share estimates for shares of Maxim Integrated Products in a report released on Wednesday, May 1st. Jefferies Financial Group analyst M. Lipacis now anticipates that the semiconductor company will earn $0.57 per share for the quarter, down from their previous estimate of $0.58. Jefferies Financial Group also issued estimates for Maxim Integrated Products’ Q1 2020 earnings at $0.63 EPS, Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.75 EPS and FY2020 earnings at $2.72 EPS.

Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. The company had revenue of $542.38 million during the quarter, compared to analysts’ expectations of $540.17 million. Maxim Integrated Products had a net margin of 27.36% and a return on equity of 39.06%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share.

A number of other equities analysts have also recently weighed in on MXIM. Royal Bank of Canada restated a “sector perform” rating and set a $64.00 price objective on shares of Maxim Integrated Products in a research report on Tuesday. MKM Partners increased their target price on shares of Maxim Integrated Products to $62.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Maxim Group reiterated a “buy” rating and issued a $70.00 target price on shares of Maxim Integrated Products in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $61.83.

NASDAQ:MXIM opened at $60.55 on Friday. The company has a quick ratio of 5.85, a current ratio of 6.54 and a debt-to-equity ratio of 0.57. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.11 and a beta of 1.35. Maxim Integrated Products has a fifty-two week low of $46.64 and a fifty-two week high of $63.68.

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in Maxim Integrated Products by 328.1% during the first quarter. Quadrant Capital Group LLC now owns 488 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 374 shares during the last quarter. IMS Capital Management acquired a new stake in Maxim Integrated Products during the third quarter worth about $28,000. CWM LLC increased its position in Maxim Integrated Products by 78.0% during the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 262 shares during the last quarter. First Personal Financial Services increased its position in Maxim Integrated Products by 76.9% during the first quarter. First Personal Financial Services now owns 683 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 297 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in Maxim Integrated Products by 311.8% during the fourth quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

In related news, Director James R. Bergman sold 14,210 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $56.46, for a total transaction of $802,296.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tunc Doluca sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $54.55, for a total transaction of $272,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,316 shares of company stock valued at $3,962,124. 0.85% of the stock is owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 30th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, May 29th. Maxim Integrated Products’s dividend payout ratio (DPR) is 67.90%.

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

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