Maxim Integrated Products Company Profile (NASDAQ:MXIM)

Maxim Integrated Products trades on the NASDAQ under the ticker symbol "MXIM."

Maxim Integrated Products declared a quarterly dividend on Thursday, July 20th. Investors of record on Thursday, August 31st will be paid a dividend of $0.36 per share on Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 3.01%. This is a boost from Maxim Integrated Products's previous quarterly dividend of $0.33. View Maxim Integrated Products' Dividend History.

Maxim Integrated Products announced that its Board of Directors has initiated a share buyback program on Friday, July 21st 2017, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) released its quarterly earnings data on Thursday, July, 20th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.01. The firm earned $602 million during the quarter, compared to analyst estimates of $609.52 million. Maxim Integrated Products had a return on equity of 26.73% and a net margin of 22.16%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. View Maxim Integrated Products' Earnings History.

Maxim Integrated Products issued an update on its first quarter earnings guidance on Thursday, July, 20th. The company provided earnings per share (EPS) guidance of $0.48-0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $555-595 million, compared to the consensus revenue estimate of $592.35 million.

17 analysts have issued 1-year target prices for Maxim Integrated Products' stock. Their predictions range from $37.00 to $54.00. On average, they expect Maxim Integrated Products' stock price to reach $46.94 in the next year. View Analyst Ratings for Maxim Integrated Products.

Here are some recent quotes from research analysts about Maxim Integrated Products stock:

• 1. According to Zacks Investment Research, "Maxim is an OEM of analog and mixed signal ICs. The fiscal third-quarter earnings of the company were above the Zacks Consensus Estimate.  However, over the last one year, the stock has underperformed the Zacks characterized Semi- Analog & Mixed industry. Maxim has a solid portfolio that generates steady design wins, a highly profitable and well-diversified core business, a policy of maintaining efficiency that has led to cost cutting measures and regular cash returns.  Maxim’s exposure to the consumer and communications markets increases risks. However, the diversification of the consumer revenue across a variety of tablets, wearables, peripherals and smartphones is adding stability to the company’s business profile." (6/28/2017)
• 2. Maxim Group analysts commented, "MXIM delivered another round of beat/raise results with F3Q (March) sales/EPS of $581M/$0.56 besting the Street’s $576M/$0.52, and F4Q (June) guidance of $610M/ $0.62 easily ahead of consensus $598M/$0.58. Auto/industrial (~50% of sales) is driving upside. GM of 65.2% was just ahead of mgmt’s LT target and expected up another 100bps Q/Q in F4Q. Investors would typically cheer such a solid upside result/ outlook; however, mgmt commentary concerning slowing auto orders could temper enthusiasm near term. In addition to MXIM, semiconductor auto bellwethers include NXPI, ADI, and TXN." (4/21/2017)

Some companies that are related to Maxim Integrated Products include Microchip Technology Incorporated (MCHP), Xilinx (XLNX), STMicroelectronics N.V. (STM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), ON Semiconductor Corporation (ON), Coherent (COHR), United Microelectronics Corporation (UMC), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY) and Cavium (CAVM).

Maxim Integrated Products' management team includes the folowing people:

• William P. Sullivan, Independent Chairman of the Board
• Tunc Doluca, President, Chief Executive Officer, Director
• Bruce E. Kiddoo, Chief Financial Officer, Senior Vice President
• Christopher J. Neil, Senior Vice President, Maxim Ventures
• Edwin B. Medlin, Senior Vice President, General Counsel
• Vivek Jain, Senior Vice President - Technology and Manufacturing Operations
• David A. Caron, Vice President, Chief Accounting Officer
• Steven T. Yamasaki, Vice President - Human Resources
• Tracy C. Accardi, Independent Director
• James R. Bergman, Independent Director

Maxim Integrated Products' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Marathon Asset Management LLP (0.25%), KAMES CAPITAL plc (0.23%), APG Asset Management N.V. (0.14%), BB&T Corp (0.13%), First Quadrant L P CA (0.12%) and National Pension Service (0.11%). Company insiders that own Maxim Integrated Products stock include A R Frank Wazzan, Anthony Stratakos, B Kipling Hagopian, Bruce E Kiddoo, Bryan Preeshl, Christopher J Neil, David Caron, Edwin Medlin, James R Bergman, Joseph R Bronson, Matthew J Murphy, Robert Edward Grady, Steven T Yamasaki, Tunc Doluca, Vivek Jain and William D Watkins. View Institutional Ownership Trends for Maxim Integrated Products.

Maxim Integrated Products' stock was sold by a variety of institutional investors in the last quarter, including BB&T Corp, US Bancorp DE, Marathon Asset Management LLP, OLD National Bancorp IN, Cullinan Associates Inc., First American Bank, State of Alaska Department of Revenue and Trust Co. of Vermont. Company insiders that have sold Maxim Integrated Products stock in the last year include A R Frank Wazzan, Anthony Stratakos, Bruce E Kiddoo, Bryan Preeshl, Christopher J Neil, David Caron, Edwin Medlin, James R Bergman, Joseph R Bronson, Steven T Yamasaki, Tunc Doluca, Vivek Jain and William D Watkins. View Insider Buying and Selling for Maxim Integrated Products.

Maxim Integrated Products' stock was purchased by a variety of institutional investors in the last quarter, including First Quadrant L P CA, APG Asset Management N.V., Pensionfund DSM Netherlands, Bank of Montreal Can, Oregon Public Employees Retirement Fund, Mn Services Vermogensbeheer B.V., Hallmark Capital Management Inc. and Pensionfund Sabic. View Insider Buying and Selling for Maxim Integrated Products.

Shares of Maxim Integrated Products can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Maxim Integrated Products stock can currently be purchased for approximately $47.84.