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 given a dividend of $0.36 per share on Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Tuesday, August 29th. This is a positive change 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 approved a stock buyback program on Friday, July 21st 2017, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) posted its earnings results on Thursday, July, 20th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.01. The company earned $602 million during the quarter, compared to analysts' expectations of $609.52 million. Maxim Integrated Products had a return on equity of 28.26% and a net margin of 24.90%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $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 issued an update on 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 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 12 month target prices for Maxim Integrated Products' stock. Their forecasts range from $37.00 to $54.00. On average, they expect Maxim Integrated Products' share price to reach $47.13 in the next twelve months. 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), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), Microsemi Corporation (MSCC), United Microelectronics Corporation (UMC), Jabil Circuit (JBL), Coherent (COHR), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Semiconductor Manufacturing International Corporation (SMI) 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.69%), BlackRock Inc. (7.05%), Dodge & Cox (6.55%), American Century Companies Inc. (4.29%), Bank of New York Mellon Corp (3.75%) and FMR LLC (3.68%). 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 Capital World Investors, FMR LLC, Arrowstreet Capital Limited Partnership, BB&T Securities LLC, Renaissance Technologies LLC, Marshall Wace North America L.P., Ameriprise Financial Inc. and ING Groep NV. Company insiders that have sold Maxim Integrated Products stock in the last year include Anthony Stratakos, Bruce E Kiddoo, Bryan Preeshl, Christopher J Neil, Edwin Medlin, James R Bergman, Joseph R Bronson, Robert Edward Grady, 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 BlackRock Inc., Principal Financial Group Inc., Artisan Partners Limited Partnership, JPMorgan Chase & Co., Koch Industries Inc., Goldman Sachs Group Inc., Oaktop Capital Management II L.P. and PGGM Investments. 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 $43.71.