Maxim Integrated Products Company Profile (NASDAQ:MXIM)

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

Maxim Integrated Products announced 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 3.19%. 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. View Maxim Integrated Products' Dividend History.

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

Maxim Integrated Products, Inc. (NASDAQ:MXIM) issued its quarterly earnings results on Thursday, July, 20th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The business earned $602 million during the quarter, compared to analyst estimates of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. View Maxim Integrated Products' Earnings History.

Maxim Integrated Products is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for Maxim Integrated Products.

Maxim Integrated Products updated its first quarter earnings guidance on Thursday, July, 20th. The company provided earnings per share 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 brokerages have issued 1-year price targets for Maxim Integrated Products' stock. Their forecasts range from $37.00 to $54.00. On average, they expect Maxim Integrated Products' stock price to reach $47.13 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), Coherent (COHR), ON Semiconductor Corporation (ON), Semiconductor Manufacturing International Corporation (SMI), Microsemi Corporation (MSCC), United Microelectronics Corporation (UMC), Jabil Circuit (JBL), 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 many different of institutional and retail investors. Top institutional shareholders include PGGM Investments (0.25%), Marathon Asset Management LLP (0.25%), KAMES CAPITAL plc (0.23%), APG Asset Management N.V. (0.14%), BB&T Corp (0.13%) and First Quadrant L P CA (0.12%). 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 acquired by a variety of institutional investors in the last quarter, including PGGM Investments, 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. and Hallmark Capital Management Inc.. 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 $45.10.