|Bid||56.53 x 1100|
|Ask||56.54 x 1400|
|Day's Range||56.01 - 57.08|
|52 Week Range||46.64 - 65.73|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||20.33|
|Forward Dividend & Yield||1.92 (3.39%)|
|1y Target Est||N/A|
In his first year out of college, Marvell Technology Group CEO Matt Murphy would come home from his product marketing job at Maxim Integrated and tell his father about his day — sometimes in the hot tub while his father smoked a cigar. The daily talks became a ritual over the course of Murphy's career.
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In this article we are going to estimate the intrinsic value of Maxim Integrated Products, Inc. (NASDAQ:MXIM) by...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Maxim Integrated Products, Inc. New York, October 30, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Maxim Integrated Products, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Dow Jones futures: The stock market stalled at highs Tuesday. AMD led four chipmakers near buys reporting earnings late. Apple earnings are on tap. So is another Fed rate cut.
Maxim Integrated Products Inc. shares gained more than 8% in after-hours trading Tuesday after the chip maker's earnings came in ahead of expectations. Maxim reported fiscal first-quarter earnings of $140.2 million, or 51 cents a share, on sales of $533 million, down from $577 million a year ago. After adjusting for restructuring and other effects, the company reported earnings of 52 cents a share, down from 75 cents a share a year ago. Analysts on average expected Maxim to report adjusted earnings of 49 cents a share on sales of $530.8 million amid a broad chip downturn. The company projected second-quarter adjusted earnings of 49 cents to 57 cents a share on revenue of $525 million to $565 million, which was also ahead of average analyst estimates that called for adjusted earnings of 51 cents a share on sales of $535 million.
Tech stocks Maxim Integrated (MXIM), Advanced Micro Devices (AMD), and FireEye (FEYE) are the major movers in after-hours trading today. But why?
Maxim (MXIM) delivered earnings and revenue surprises of 6.12% and 0.45%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Maxim Integrated Products Inc. (NASDAQ:MXIM). Is Maxim Integrated Products Inc. […]
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Maxim Integrated Products Inc (MXIM) files its latest 10-K with SEC for the fiscal year ended on June 30, 2019. Continue reading...
Maxim Integrated Products, Inc. (NASDAQ:MXIM) is a stock with outstanding fundamental characteristics. When we build...
(Bloomberg) -- Semiconductor companies are wincing as consumers around the globe are buying fewer cars amid continuing trade tensions between the U.S. and China.China has been a pain point for the sector as the two countries continue to spar on trade, and chipmakers had braced for slumping demand in the country to dent performance. The automotive sector has emerged as one of the biggest sources of weakness and is now threatening to dampen the chances of a recovery in the latter half of the year.It has so far been an unfortunate year for automakers, as global sales shrank 6.5% from a year earlier in the first quarter of 2019, and 7% in the next three months, according to Bloomberg Intelligence. China led the decline with car sales in the country falling for 12 consecutive months through June, amid slowing economic growth, trade-related turmoil, and a weak consumer demand, exacerbated by newer and stricter emissions rules. With the U.S. and China ratcheting the turmoil up a notch this week, some say the risks of tariffs on auto imports is now higher.Many auto parts suppliers, as well as Ford Motor Co., have reported disappointing results and issued weak forecasts for the year, citing the China slowdown. And now the effect is rippling through the rest of the supply chain, hurting chipmakers and other industrial manufacturers.“China weakness was expected, but in all honesty, we were expecting a trade deal by now,” Piper Jaffray & Co. analyst Harsh Kumar said in an interview. Kumar, who covers semiconductor stocks, said the companies supplying the automotive market were still seeing growth in radar and electrification-related products, while the traditional, gas engine segment is getting hit hard.Most of the automotive chip manufacturers have a larger piece of their business associated with traditional auto, and “that is not doing so well because there isn’t any market share or penetration to be gained; it is simply a units game,” Kumar said, referring to the fewer number of cars being sold.Maxim Integrated Products Inc., which makes chips that are used in various parts of a car including lighting, infotainment and driver assistance systems, said it expected the calendar third quarter to be slow, due to a “soft environment” for automotive production. The company’s battery management systems used in electric vehicles will also have fewer shipments, given the market uncertainty in China, the company said.The concerns were echoed by NXP Semiconductors NV, which makes components that help a car to sense its environment and process that data. Maxim and NXP’s customers include auto suppliers such as Aptiv Plc, Lear Corp. and Visteon Corp. as well as Fiat Chrysler Automobiles NV. Other chipmakers with substantial auto market exposure include Infineon Technologies AG, Analog Devices Inc., Texas Instruments Inc., and Microchip Technology Inc.Meanwhile, Rockwell Automation Inc., which counts both automotive and semiconductor sectors among its customers, saw both markets decline in the quarter ending June 30.“Overall, the combination of production cuts and reductions in component inventory is having an significant impact,” Morgan Stanley’s Craig Hettenbach, who covers semiconductors, said in an email interview. The analyst said that while the weakness is most pronounced in China, Europe has also been below expectations from the beginning of the year. “There is a lot of focus on when China will provide incentives to stimulate demand, but company and investor expectations for stimulus are pretty low right now,” Hettenbach said.A respite is not expected anytime soon. According to Moody’s, global vehicle sales are expected to fall 3.8% in 2019, amid further weakening demand in China and Western Europe. The latest round of trade war-related tarriffs could make matters even worse.To contact the reporter on this story: Esha Dey in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Jennifer Bissell-Linsk, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.