Maxim Integrated Products, Inc. Forecasted to Post Q1 2018 Earnings of $0.55 Per Share (MXIM)

Maxim Integrated Products, Inc. (NASDAQ:MXIM) – Investment analysts at KeyCorp issued their Q1 2018 earnings estimates for Maxim Integrated Products in a research report issued to clients and investors on Thursday. KeyCorp analyst M. Mcconnell expects that the semiconductor company will post earnings per share of $0.55 for the quarter. KeyCorp also issued estimates for Maxim Integrated Products’ Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.34 EPS, Q1 2019 earnings at $0.62 EPS and Q2 2019 earnings at $0.59 EPS.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $602 million for the quarter, compared to analysts’ expectations of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share.

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Other analysts have also issued reports about the stock. B. Riley reiterated a “neutral” rating and issued a $44.00 price target on shares of Maxim Integrated Products in a research note on Friday, April 21st. BidaskClub downgraded shares of Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Maxim Integrated Products in a report on Monday, April 24th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up previously from $44.00) on shares of Maxim Integrated Products in a report on Friday, April 14th. Finally, Maxim Group began coverage on shares of Maxim Integrated Products in a report on Friday, June 16th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.61.

Maxim Integrated Products (NASDAQ MXIM) traded up 0.712% on Monday, reaching $44.837. 1,869,901 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $46.35 and its 200 day moving average price is $45.15. The company has a market cap of $12.68 billion, a PE ratio of 22.645 and a beta of 1.04. Maxim Integrated Products has a 52-week low of $37.25 and a 52-week high of $49.70.

Institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted 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 during the last quarter. Duncker Streett & Co. Inc. boosted its stake in Maxim Integrated Products by 57.8% in the first quarter. Duncker Streett & Co. Inc. now owns 2,374 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 870 shares during the last quarter. TrimTabs Asset Management LLC boosted 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 during the last quarter. Toronto Dominion Bank boosted its stake in Maxim Integrated Products by 26.1% in the first quarter. Toronto Dominion Bank now owns 3,099 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 642 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in Maxim Integrated Products by 31.3% in the first quarter. Tompkins Financial Corp now owns 3,962 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 944 shares during the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

In other Maxim Integrated Products news, CEO Tunc Doluca sold 12,000 shares of Maxim Integrated Products stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $44.49, for a total value of $533,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Watkins sold 4,200 shares of Maxim Integrated Products stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $44.93, for a total value of $188,706.00. The disclosure for this sale can be found here. Insiders sold a total of 223,248 shares of company stock valued at $10,323,592 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.23%. Maxim Integrated Products’s dividend payout ratio (DPR) is 66.33%.

Maxim Integrated Products announced that its board has authorized a stock repurchase program on Thursday, July 20th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 7.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.

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

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