NASDAQ:MXIMMaxim Integrated Products Stock Price, Forecast & News

Maxim Integrated Products' stock was trading at $49.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MXIM shares have increased by 16.4% and is now trading at $57.68. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Maxim Integrated Products in the last year. There are currently 3 sell ratings, 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Maxim Integrated Products.

Maxim Integrated Products is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Maxim Integrated Products.

Maxim Integrated Products Inc. (NASDAQ:MXIM) announced its earnings results on Tuesday, April, 28th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The semiconductor company earned $562 million during the quarter, compared to the consensus estimate of $553.58 million. Maxim Integrated Products had a return on equity of 35.31% and a net margin of 37.00%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. View Maxim Integrated Products' earnings history.

Maxim Integrated Products declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.48 per share on Friday, June 12th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, May 27th. View Maxim Integrated Products' dividend history.

Maxim Integrated Products issued an update on its fourth quarter earnings guidance on Tuesday, April, 28th. The company provided earnings per share (EPS) guidance of $0.43-$0.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.45. The company issued revenue guidance of $480-$540 million, compared to the consensus revenue estimate of $511.71 million.

16 brokers have issued 1 year price objectives for Maxim Integrated Products' stock. Their forecasts range from $48.00 to $74.00. On average, they expect Maxim Integrated Products' share price to reach $59.27 in the next year. This suggests a possible upside of 2.8% from the stock's current price. View analysts' price targets for Maxim Integrated Products.

News stories about MXIM stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Maxim Integrated Products earned a coverage optimism score of -2.6 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutMaxim Integrated Products.

Maxim Integrated Products saw a decrease in short interest in May. As of May 15th, there was short interest totaling 5,390,000 shares, a decrease of 9.7% from the April 30th total of 5,970,000 shares. Based on an average trading volume of 2,840,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.0% of the shares of the stock are sold short. View Maxim Integrated Products' Current Options Chain.

Some companies that are related to Maxim Integrated Products include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Inphi (IPHI), Cree (CREE) and First Solar (FSLR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Maxim Integrated Products investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), Verizon Communications (VZ), Alibaba Group (BABA), AT&T (T), Home Depot (HD), CVS Health (CVS) and Micron Technology (MU).

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

Maxim Integrated Products' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.52%), State Street Corp (4.41%), Bank of New York Mellon Corp (4.31%), Invesco Ltd. (3.64%), Geode Capital Management LLC (1.96%) and Wells Fargo & Company MN (1.86%). Company insiders that own Maxim Integrated Products stock include Bruce E Kiddoo, Bryan Preeshl, Christopher J Neil, David Loftus, Edwin Medlin, James R Bergman, Jon Imperato, Joseph R Bronson, Mary Ann Wright, Robert Edward Grady, Sumeet Gagneja, Tracy Accardi, Tunc Doluca, Vivek Jain and William D Watkins. View institutional ownership trends for Maxim Integrated Products.

MXIM stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Two Sigma Investments LP, First Trust Advisors LP, Two Sigma Advisers LP, Skandinaviska Enskilda Banken AB publ , Bank of New York Mellon Corp, APG Asset Management N.V., and Wells Fargo & Company MN. Company insiders that have sold Maxim Integrated Products company stock in the last year include Bruce E Kiddoo, Bryan Preeshl, David Loftus, Edwin Medlin, James R Bergman, Jon Imperato, Joseph R Bronson, Mary Ann Wright, Robert Edward Grady, Tunc Doluca, Vivek Jain, and William D Watkins. View insider buying and selling activity for Maxim Integrated Products.

MXIM stock was bought by a variety of institutional investors in the last quarter, including Parnassus Investments CA, BlackRock Inc., Janus Henderson Group PLC, Schroder Investment Management Group, JPMorgan Chase & Co., Morgan Stanley, Morgan Stanley, and Waddell & Reed Financial Inc.. View insider buying and selling activity for Maxim Integrated Products.

Shares of MXIM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MXIM stock can currently be purchased for approximately $57.68.

Maxim Integrated Products has a market capitalization of $15.38 billion and generates $2.31 billion in revenue each year. The semiconductor company earns $827.49 million in net income (profit) each year or $2.43 on an earnings per share basis. Maxim Integrated Products employs 7,131 workers across the globe.

The official website for Maxim Integrated Products is www.maximintegrated.com.

Maxim Integrated Products' mailing address is 160 RIO ROBLES, SAN JOSE CA, 95134. The semiconductor company can be reached via phone at 408-601-1000 or via email at [email protected]