Maxim Integrated Products (NASDAQ:MXIM) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.59 to $0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.73. The company issued revenue guidance of $570 million to $610 million, compared to the consensus revenue estimate of $629.42 million.
MXIM traded up $0.28 during mid-day trading on Wednesday, reaching $50.07. 4,486,110 shares of the stock were exchanged, compared to its average volume of 2,954,025. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.03 and a quick ratio of 3.67. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.37 and a beta of 1.18. Maxim Integrated Products has a 1 year low of $46.85 and a 1 year high of $74.94.
Maxim Integrated Products (NASDAQ:MXIM) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.75. The firm had revenue of $638.50 million for the quarter, compared to the consensus estimate of $635.19 million. Maxim Integrated Products had a net margin of 18.84% and a return on equity of 37.83%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. As a group, equities analysts anticipate that Maxim Integrated Products will post 3.03 EPS for the current year.
In related news, VP David Loftus sold 6,623 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $60.01, for a total value of $397,446.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tunc Doluca sold 5,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $56.80, for a total value of $284,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,379 shares of company stock worth $3,339,696 over the last quarter. Company insiders own 0.85% of the company’s stock.
Maxim Integrated Products Company Profile
Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
Read More: What is the Book Value of a Share?
Receive News & Ratings for Maxim Integrated Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxim Integrated Products and related companies with MarketBeat.com's FREE daily email newsletter.