Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM) recorded -2.33% loss during trading session on March 7th, 2019. The script traded as low as $52.3 and last traded at $52.37. 2.71 million shares changed exchanged hands during trading, a drop of -11.18% from the 30-day average session volume of 2.44M shares. The firm had previously closed at $53.62. The company has $272.14M outstanding shares, a price-to-earnings ratio of 20.07, price-to-earnings-growth ratio of 5.71and a beta of 1.30. The company has a RSI of 39.27, ATR of 1.09 and a volatility of 2.25% this week. MXIM has a 52 week low price of $46.64 and a 52 week high price of $64.40.
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 14.25B, 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 1.41 billion on their books with 99.58 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 an incline. In terms of their assets, the company currently has 2.66 billion total, with 279000 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
MXIM were able to record 400.52 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 136.74 million. In cash movements, the company had a total of 431.44 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 576.91 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.08% coming in sequential stages and their sales for the third quarter reducing by -0.11%.
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 203.86 million trying to sell their products during the last quarter, with the result yielding a gross income of 373.05 million. This allows shareholders to hold on to 272.14M with the revenue now reading 470 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.59 cents a share).
Is the stock of MXIM attractive?
Having a look at the company’s valuation, the company is expected to record 2.65 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, VP and Principal Acct Officer Gagneja Sumeet sold 430 shares of the company’s stock in a transaction that recorded on March 4th, 2019. The sale was performed at an average price of 55.49, for a total value of 23,862. As the sale deal closes, the PRESIDENT, CEO & DIRECTOR Gagneja Sumeet now sold 2,500 shares of the company’s stock, valued at 137,400. Also, SENIOR VP and CFO KIDDOO BRUCE E sold 8,062 shares of the company’s stock in a deal that was recorded on February 21st, 2019. The shares were sold at an average price of 55.60 per share, with a total market value of 55,428. Following this completion of acquisition, the Director now holds 14,210 shares of the company’s stock, valued at 802,297. 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 $55.44.