Maxim Integrated Products, Inc. (NASDAQ:MXIM) is reporting first quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.58 per share.
For the full year, analysts predict revenues of $ 2260.56 million, while looking forward to income of $ 2.45 per share.
Previous Quarter Performance
Maxim Integrated Products, Inc. posted income for the fourth quarter of $ 0.58 per share, from the revenue of $ 545.37 million. The quarterly earnings grew 1.75 percent while revenues contracted 2.01 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.57 per share from $ 542.79 million in revenue. The bottom line results beat street analysts by $ 0.01 or 1.75 percent, at the same time, top line results outshined analysts by $ 2.58 million or 0.48 percent.
Stock Performance
Shares of Maxim Integrated Products, Inc. traded low $ -0.68 or -0.92 percent on Friday, reaching $ 72.87 with volume of 2.33 million shares. Maxim Integrated Products, Inc. has traded high as $ 73.84 and has cracked $ 72.58 on the downward trend
According to the previous trading day, closing price of $ 72.87, representing a 75.41 % increase from the 52 week low of $ 41.93 and a 1.76 % decrease over the 52 week high of $ 74.87.
The company has a market capital of $ 19.49 billion and is part of the Technology sector and Semiconductors industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.48 per share on July 28, 2020. The dividend were payable on September 11, 2020 to holders of record as of the close of business on August 27, 2020 and ex-dividend date on August 26, 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.
