Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) recorded 4.82% gain during trading session on January 24th, 2019. The script traded as low as $52.62 and last traded at $54.54. 3.14 million shares changed exchanged hands during trading, an increase of 27.34% from the 30-day average session volume of 4.32M shares. The firm had previously closed at $52.03. The company has $278.05M outstanding shares, a price-to-earnings ratio of 20.33, price-to-earnings-growth ratio of 5.96and a beta of 1.35. The company has a RSI of 60.24, ATR of 1.73 and a volatility of 3.11% this week. MXIM has a 52 week low price of $46.64 and a 52 week high price of $74.94.
Investors have identified the tech company Maxim Integrated Products, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 15.16B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Maxim Integrated Products, Inc. (MXIM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For MXIM, the company has in raw cash 1.6 billion on their books with 84.09 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 3.31 billion total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
MXIM were able to record 188.87 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 55.29 million. In cash movements, the company had a total of 207.19 million as operating cash flow.
Potential earnings growth for Maxim Integrated Products, Inc. (MXIM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Maxim Integrated Products, Inc. recorded a total of 638.5 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.10% coming in sequential stages and their sales for the third quarter increasing by 0.01%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 208.26 million trying to sell their products during the last quarter, with the result yielding a gross income of 430.24 million. This allows shareholders to hold on to 278.05M with the revenue now reading 700 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.63 cents a share).
Is the stock of MXIM attractive?
Having a look at the company’s valuation, the company is expected to record 2.90 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MXIM sounds very interesting.
In related news, Director Wright Mary Ann sold 1,564 shares of the company’s stock in a transaction that recorded on January 16th, 2019. The sale was performed at an average price of 51.68, for a total value of 80,828. As the sale deal closes, the SENIOR VICE PRESIDENT Wright Mary Ann now sold 924 shares of the company’s stock, valued at 49,573. Also, Director Accardi Tracy sold 2,830 shares of the company’s stock in a deal that was recorded on December 12th, 2019. The shares were sold at an average price of 54.25 per share, with a total market value of 12,480. Following this completion of acquisition, the SENIOR VP and CFO now holds 25,000 shares of the company’s stock, valued at 1,414,393. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
3 out of 21 analysts covering the stock have rated it a Buy, while 16 have maintained a Hold recommendation on Maxim Integrated Products, Inc. stock. 0 analysts has assigned a Sell rating on the MXIM stock. The 12-month mean consensus price target for the company’s shares has been set at $55.95.