Maxim Integrated Products (NASDAQ:MXIM) is set to release its Q114 earnings data on Thursday, October 24th. Analysts expect Maxim Integrated Products to post earnings of $0.40 per share and revenue of $584.84 million for the quarter. Maxim Integrated Products has set its Q1 guidance at $0.37-0.41 EPS.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.03. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $626.24 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis.
Shares of Maxim Integrated Products (NASDAQ:MXIM) traded down 2.93% during mid-day trading on Wednesday, hitting $28.965. 314,448 shares of the company’s stock traded hands. Maxim Integrated Products has a 52-week low of $25.54 and a 52-week high of $33.67. The stock’s 50-day moving average is $28.34 and its 200-day moving average is $29.7. The company has a market cap of $8.252 billion and a price-to-earnings ratio of 19.64.
A number of analysts have recently weighed in on MXIM shares. Analysts at B. Riley raised their price target on shares of Maxim Integrated Products from $28.00 to $33.00 in a research note to investors on Tuesday, September 24th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Maxim Integrated Products from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 23rd. They now have a $34.00 price target on the stock, up previously from $30.00. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Maxim Integrated Products currently has an average rating of “Hold” and an average target price of $32.05.
Maxim Integrated Products, Inc (NASDAQ:MXIM), designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations.
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