Inactive Instrument

Maxim Integrated Products, Inc.

MXIM

US57772K1016

Maxim: Fiscal 1Q Earnings Snapshot

October 27, 2020 at 04:27 pm EDT

SAN JOSE, Calif. (AP) _ Maxim Integrated Products Inc. (MXIM) on Tuesday reported fiscal first-quarter profit of $169.5 million.

On a per-share basis, the San Jose, California-based company said it had net income of 63 cents. Earnings, adjusted for one-time gains and costs, were 72 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The chipmaker posted revenue of $619.4 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $548.1 million.

Maxim shares have increased 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $70.72, a rise of 22% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MXIM at https://www.zacks.com/ap/MXIM

Latest news about Maxim Integrated Products, Inc.

Analog Devices, Inc. Announces Results of Early Tender in Exchange Offer and Consent Solicitation for Maxim Integrated Products, Inc.'s Notes, Receipt of Requisite Consents and Extension of Early Tender Premium to Expiration Date	22-09-22	CI
Maxim Integrated Products, Inc. Announces Results of Early Tender in Exchange Offer and Consent Solicitation for Maxim Notes, Receipt of Requisite Consents and Extension of Early Tender Premium to Expiration Date	22-09-22	CI
Maxim Integrated Products, Inc. Issues Outstanding 3.450% Senior Notes Due 2027	22-09-08	CI
Maxim Integrated Products, Inc. Intends to End its Distribution Relationship with Avnet, Inc	21-10-06	CI
Transcript : Analog Devices, Inc., Maxim Integrated Products, Inc. - M&A Call	21-09-08
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P Composite 1500	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P Global 1200	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P Semiconductors Select Industry Index	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P Global BMI Index	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P 500 Value	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P 500 EQUAL WEIGHTED	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P TMI Index	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P 500 Information Technology	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P 500	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from S&P 500 Growth	21-08-30	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from INDUSTRIALS	21-08-30	CI
ANALOG DEVICES : BofA Securities Lifts Analog Devices' Price Objective to $210 From $200 on Maxim Deal, Citing Potential FCF Doubling; Buy Rating Kept	21-08-27	MT
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from FTSE All-World Index	21-08-27	CI
Maxim Integrated Products, Inc. Announces Executive Changes	21-08-26	CI
Maxim Integrated Products, Inc. Announces Board Appointments	21-08-26	CI
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from NASDAQ Composite Index	21-08-26	CI
Analog Devices, Inc. completed the acquisition of Maxim Integrated Products, Inc. from a group of shareholders.	21-08-25	CI
Analog Devices Increases Share Repurchase Authorization to About $10 Billion	21-08-25	DJ
Global markets live: Kering, Delta Air Lines, Pfizer, Moderna, Sony...	21-08-25
Maxim Integrated Products, Inc.(NasdaqGS:MXIM) dropped from NASDAQ-100 Index	21-08-25	CI

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Maxim Integrated Products, Inc. is an integrated circuit manufacturing company. The Company designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits for customers in diverse geographical locations. It has wafer manufacturing facility in the United States, test facilities in the Philippines and Thailand, and sales and circuit design offices around the world. The Company's products are designed through a centralized research and development (R&D) function, are manufactured and assembled using centralized internal and external manufacturing, and sold through a sales force and shared wholesale distributors. The end-markets in which its products are sold are the automotive, communications and data center, consumer, and industrial markets.

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