News headlines about Maxim Integrated Products (NASDAQ:MXIM) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Maxim Integrated Products earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.2506295024915 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- See what the IHS Markit Score report has to say about Maxim Integrated Products Inc. (finance.yahoo.com)
- Maxim Integrated Products, Inc. (MXIM) Ownership Down in Latest Report from Neuberger Berman Group LLC – First News 24 (firstnewspaper24.com)
- Volume Moving the Tape For Maxim Integrated Products Inc (MXIM) – Evergreen Caller (evergreencaller.com)
- Extend Battery Life of USB Type-C™ Devices with Maxim’s Flexible Buck Converter (finance.yahoo.com)
- Neuberger Berman Group LLC Sells A Lot More Maxim Integrated Products, Inc. (MXIM) Stock In The Last Quarter – Highlight Press (highlightpress.com)
Maxim Integrated Products (MXIM) traded down 1.61% during midday trading on Thursday, hitting $43.90. The stock had a trading volume of 1,976,944 shares. The stock has a market cap of $12.41 billion, a P/E ratio of 22.17 and a beta of 1.04. The company has a 50-day moving average price of $45.55 and a 200-day moving average price of $45.46. Maxim Integrated Products has a 52 week low of $37.25 and a 52 week high of $49.70.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $602 million during the quarter, compared to the consensus estimate of $609.52 million. Maxim Integrated Products had a return on equity of 28.45% and a net margin of 24.90%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. Equities analysts expect that Maxim Integrated Products will post $2.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.36 per share. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 3.28%. Maxim Integrated Products’s dividend payout ratio is presently 66.33%.
Maxim Integrated Products declared that its board has authorized a stock repurchase program on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 7.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
MXIM has been the subject of several analyst reports. Drexel Hamilton reissued a “buy” rating and issued a $52.00 target price (up from $46.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price (up from $44.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Jefferies Group LLC reissued a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Loop Capital reissued a “buy” rating and issued a $51.00 target price (up from $50.00) on shares of Maxim Integrated Products in a research note on Friday, April 14th. Finally, Maxim Group reaffirmed a “hold” rating on shares of Maxim Integrated Products in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Maxim Integrated Products has a consensus rating of “Hold” and an average target price of $47.61.
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In related news, VP Vivek Jain sold 616 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $46.85, for a total transaction of $28,859.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tunc Doluca sold 12,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.60, for a total value of $547,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 167,548 shares of company stock valued at $7,870,211 in the last quarter. 1.30% of the stock is owned by corporate insiders.
Maxim Integrated Products Company Profile
Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.
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