Media coverage about Maxim Integrated Products (NASDAQ:MXIM) has trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Maxim Integrated Products earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.8292442968067 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- Maxim Integrated Products (MXIM) Stock Rating Reaffirmed by Maxim Group (americanbankingnews.com)
- Maxim Integrated Products Inc. (MXIM) Short Interest Update (americanbankingnews.com)
- Brokerages Anticipate Maxim Integrated Products Inc. (MXIM) Will Post Quarterly Sales of $630.62 Million (americanbankingnews.com)
- $0.70 EPS Expected for Maxim Integrated Products Inc. (MXIM) This Quarter (americanbankingnews.com)
MXIM has been the subject of a number of research reports. ValuEngine upgraded Maxim Integrated Products from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub cut Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 21st. Maxim Group reiterated a “hold” rating on shares of Maxim Integrated Products in a report on Thursday. Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a report on Monday, April 30th. Finally, Macquarie cut Maxim Integrated Products from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $62.00 to $64.00 in a report on Wednesday, February 28th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Maxim Integrated Products currently has a consensus rating of “Hold” and an average price target of $57.38.
Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. Maxim Integrated Products had a return on equity of 35.78% and a net margin of 17.82%. The firm had revenue of $648.60 million during the quarter, compared to analysts’ expectations of $640.50 million. During the same quarter in the prior year, the business earned $0.56 EPS. Maxim Integrated Products’s quarterly revenue was up 11.6% compared to the same quarter last year. sell-side analysts forecast that Maxim Integrated Products will post 2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, May 30th. Maxim Integrated Products’s payout ratio is 79.25%.
In other Maxim Integrated Products news, Director Joseph R. Bronson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $54.08, for a total value of $270,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tunc Doluca sold 29,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $58.29, for a total value of $1,690,410.00. Following the completion of the transaction, the chief executive officer now directly owns 147,052 shares in the company, valued at $8,571,661.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,755 shares of company stock worth $3,617,434. 1.11% of the stock is currently owned by corporate insiders.
About Maxim Integrated Products
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
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