Equities analysts predict that Maxim Integrated Products Inc. (NASDAQ:MXIM) will announce $630.62 million in sales for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Maxim Integrated Products’ earnings. The lowest sales estimate is $629.54 million and the highest is $636.00 million. Maxim Integrated Products posted sales of $602.01 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The firm is scheduled to report its next quarterly earnings report on Thursday, July 19th.
According to Zacks, analysts expect that Maxim Integrated Products will report full year sales of $2.48 billion for the current year. For the next financial year, analysts anticipate that the company will post sales of $2.60 billion per share, with estimates ranging from $2.53 billion to $2.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Maxim Integrated Products.
Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Thursday, April 26th. The semiconductor company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Maxim Integrated Products had a return on equity of 35.78% and a net margin of 17.82%. The company had revenue of $648.60 million for the quarter, compared to the consensus estimate of $640.50 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. Maxim Integrated Products’s revenue was up 11.6% on a year-over-year basis.
Shares of NASDAQ MXIM traded up $0.59 during trading on Monday, hitting $61.14. The company had a trading volume of 72,827 shares, compared to its average volume of 2,727,130. The company has a quick ratio of 3.82, a current ratio of 4.16 and a debt-to-equity ratio of 0.51. Maxim Integrated Products has a 12 month low of $43.42 and a 12 month high of $74.94. The company has a market capitalization of $16.99 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 31st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, May 30th. Maxim Integrated Products’s dividend payout ratio is currently 79.25%.
In related news, insider Bryan Preeshl sold 1,199 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $60.63, for a total transaction of $72,695.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher J. Neil sold 3,500 shares of the stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $57.96, for a total value of $202,860.00. The disclosure for this sale can be found here. Insiders have sold 62,755 shares of company stock valued at $3,617,434 in the last quarter. 1.11% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Maxim Integrated Products during the first quarter worth about $106,000. Aviance Capital Management LLC grew its holdings in Maxim Integrated Products by 38,728.6% during the 4th quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 2,711 shares in the last quarter. NuWave Investment Management LLC purchased a new position in Maxim Integrated Products during the 4th quarter valued at approximately $169,000. Dynamic Technology Lab Private Ltd purchased a new position in Maxim Integrated Products during the 1st quarter valued at approximately $205,000. Finally, Cigna Investments Inc. New purchased a new position in Maxim Integrated Products during the 1st quarter valued at approximately $209,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.
Maxim Integrated Products Company Profile
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, 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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