Maxim Integrated Products, Inc. (NASDAQ:MXIM) is expected to report fourth quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.57 per share.
Looking ahead, the full year income are expected at $ 2.25 per share on the revenues of $ 2188.93 million.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 480.00 million ~ $ 540.00 million
Click Here For More Historical Outlooks Of Maxim Integrated Products, Inc.
Previous Quarter Performance
Maxim Integrated Products, Inc. communicated income for the third quarter of $ 0.61 per share, from the revenue of $ 561.92 million. The quarterly earnings hiked 17.31 percent compared with the same quarter last year. Wall street analysts are predicting, MXIM to report 3Q20 income of $ 0.58 per share from revenue of $ 562.23 million. The bottom line results beat street analysts by $ 0.03 or 5.17 percent, at the same time, top line results fell short of analysts by $ 0.31 million or 0.06 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MXIM was $ 68.91, representing a 64.35 % increase from the 52 week low of $ 41.93 and a 6.27 % decrease over the 52 week high of $ 73.52.
The company has a market capital of $ 18.38 billion and is part of the Technology sector and Semiconductors industry.
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Recent Analyst recommendations
- On 15th July 2020, upgraded by Goldman Sachs Group to Neutral from Sell rating, with $ 70.00 target price.
- On 14th July 2020, maintained by Credit Suisse Group at Neutral rating, with $ 74.00 target price.
- On 13th July 2020, downgraded by Susquehanna Bancshares to Neutral from Positive rating, with $ 78.00 target price.
- On 16th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 55.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.48 per share on April 28, 2020. The dividend were payable on June 12, 2020 to holders of record as of the close of business on May 28, 2020 and ex-dividend date on May 27, 2020.
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.
