Maxim Integrated Products Inc. (NASDAQ:MXIM) – Research analysts at KeyCorp lowered their Q1 2021 earnings per share (EPS) estimates for Maxim Integrated Products in a research note issued to investors on Tuesday, July 28th. KeyCorp analyst J. Vinh now expects that the semiconductor company will earn $0.53 per share for the quarter, down from their prior forecast of $0.54. KeyCorp also issued estimates for Maxim Integrated Products’ Q3 2021 earnings at $0.58 EPS, FY2021 earnings at $2.25 EPS and Q1 2022 earnings at $0.59 EPS.
Maxim Integrated Products (NASDAQ:MXIM) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Maxim Integrated Products had a net margin of 29.88% and a return on equity of 36.29%. The firm had revenue of $545.37 million during the quarter, compared to analysts’ expectations of $542.66 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Maxim Integrated Products’s quarterly revenue was down 2.0% on a year-over-year basis.
MXIM has been the subject of several other research reports. Morgan Stanley upped their target price on shares of Maxim Integrated Products from $48.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 16th. Credit Suisse Group upped their price target on shares of Maxim Integrated Products from $60.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. BidaskClub raised shares of Maxim Integrated Products from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their price target on shares of Maxim Integrated Products from $75.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Goldman Sachs Group raised shares of Maxim Integrated Products from a “sell” rating to a “neutral” rating and upped their price target for the stock from $59.00 to $70.00 in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Maxim Integrated Products presently has an average rating of “Hold” and an average price target of $65.24.
NASDAQ MXIM opened at $68.09 on Friday. Maxim Integrated Products has a 52 week low of $41.93 and a 52 week high of $73.52. The company has a current ratio of 5.11, a quick ratio of 5.39 and a debt-to-equity ratio of 0.60. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.81 and a beta of 1.31. The company has a 50-day moving average price of $63.65 and a two-hundred day moving average price of $57.78.
Several large investors have recently modified their holdings of the stock. Comerica Bank lifted its position in shares of Maxim Integrated Products by 3.7% in the 2nd quarter. Comerica Bank now owns 51,941 shares of the semiconductor company’s stock valued at $3,580,000 after acquiring an additional 1,857 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Maxim Integrated Products in the 2nd quarter valued at approximately $208,000. Mackay Shields LLC lifted its position in shares of Maxim Integrated Products by 3.5% in the 2nd quarter. Mackay Shields LLC now owns 43,107 shares of the semiconductor company’s stock valued at $2,612,000 after acquiring an additional 1,463 shares in the last quarter. Brinker Capital Inc. lifted its position in shares of Maxim Integrated Products by 3.9% in the 2nd quarter. Brinker Capital Inc. now owns 15,518 shares of the semiconductor company’s stock valued at $941,000 after acquiring an additional 583 shares in the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in shares of Maxim Integrated Products by 5.0% in the 2nd quarter. Chartwell Investment Partners LLC now owns 51,171 shares of the semiconductor company’s stock valued at $3,101,000 after acquiring an additional 2,449 shares in the last quarter. Institutional investors and hedge funds own 89.99% of the company’s stock.
In related news, SVP Bryan Preeshl sold 1,144 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $55.25, for a total value of $63,206.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tunc Doluca sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $72.38, for a total transaction of $4,342,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,446 shares of company stock valued at $8,907,136. Company insiders own 0.84% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Thursday, August 27th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, August 26th.
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, 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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