Loading...

Maxim Integrated Products

Nasdaq:MXIM
Snowflake Description

Outstanding track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MXIM
Nasdaq
$17B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

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 last earnings update was 77 days ago. More info.


Add to Portfolio Compare Print
MXIM Share Price and Events
7 Day Returns
0.1%
NasdaqGS:MXIM
2.8%
US Semiconductor
0.6%
US Market
1 Year Returns
-1.1%
NasdaqGS:MXIM
2.2%
US Semiconductor
4.1%
US Market
MXIM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maxim Integrated Products (MXIM) 0.1% 9.7% 2.3% -1.1% 59.9% 85.4%
US Semiconductor 2.8% 10.2% -5.6% 2.2% 75.9% 88.1%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • MXIM underperformed the Semiconductor industry which returned 2.2% over the past year.
  • MXIM underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
MXIM
Industry
5yr Volatility vs Market
Related Companies

MXIM Value

 Is Maxim Integrated Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Maxim Integrated Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maxim Integrated Products.

NasdaqGS:MXIM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MXIM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.271 (1 + (1- 21%) (5.96%))
1.222
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.222 * 5.96%)
10.01%

Discounted Cash Flow Calculation for NasdaqGS:MXIM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Maxim Integrated Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:MXIM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.01%)
2020 762.58 Analyst x5 693.19
2021 746.42 Est @ -2.12% 616.76
2022 741.47 Est @ -0.66% 556.92
2023 744.09 Est @ 0.35% 508.03
2024 752.03 Est @ 1.07% 466.73
2025 763.81 Est @ 1.57% 430.90
2026 778.43 Est @ 1.92% 399.20
2027 795.24 Est @ 2.16% 370.71
2028 813.78 Est @ 2.33% 344.83
2029 833.72 Est @ 2.45% 321.13
Present value of next 10 years cash flows $4,708.40
NasdaqGS:MXIM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $833.72 × (1 + 2.73%) ÷ (10.01% – 2.73%)
$11,764.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,764.22 ÷ (1 + 10.01%)10
$4,531.34
NasdaqGS:MXIM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,708.40 + $4,531.34
$9,239.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9,239.73 / 272.43
$33.92
NasdaqGS:MXIM Discount to Share Price
Calculation Result
Value per share (USD) From above. $33.92
Current discount Discount to share price of $61.16
= -1 x ($61.16 - $33.92) / $33.92
-80.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Maxim Integrated Products is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Maxim Integrated Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maxim Integrated Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MXIM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $2.36
NasdaqGS:MXIM Share Price ** NasdaqGS (2019-07-17) in USD $61.16
United States of America Semiconductor Industry PE Ratio Median Figure of 68 Publicly-Listed Semiconductor Companies 22.27x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Maxim Integrated Products.

NasdaqGS:MXIM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MXIM Share Price ÷ EPS (both in USD)

= 61.16 ÷ 2.36

25.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maxim Integrated Products is overvalued based on earnings compared to the US Semiconductor industry average.
  • Maxim Integrated Products is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Maxim Integrated Products's expected growth come at a high price?
Raw Data
NasdaqGS:MXIM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
11.9%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 63 Publicly-Listed Semiconductor Companies 1.05x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NasdaqGS:MXIM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.87x ÷ 11.9%

2.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maxim Integrated Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Maxim Integrated Products's assets?
Raw Data
NasdaqGS:MXIM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $6.10
NasdaqGS:MXIM Share Price * NasdaqGS (2019-07-17) in USD $61.16
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.62x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NasdaqGS:MXIM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MXIM Share Price ÷ Book Value per Share (both in USD)

= 61.16 ÷ 6.10

10.03x

* Primary Listing of Maxim Integrated Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maxim Integrated Products is overvalued based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Maxim Integrated Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Maxim Integrated Products has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MXIM Future Performance

 How is Maxim Integrated Products expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maxim Integrated Products expected to grow at an attractive rate?
  • Maxim Integrated Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Maxim Integrated Products's earnings growth is positive but not above the United States of America market average.
  • Maxim Integrated Products's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MXIM Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MXIM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 11.9%
NasdaqGS:MXIM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 3.7%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MXIM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MXIM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 2,538 800 5
2020-06-30 2,379 806 694 19
2019-06-30 2,318 861 614 19
NasdaqGS:MXIM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 2,391 785 654
2018-12-29 2,497 801 717
2018-09-29 2,543 807 510
2018-06-30 2,480 819 467
2018-03-31 2,449 910 436
2017-12-30 2,382 907 383
2017-09-23 2,310 870 589
2017-06-24 2,296 774 572
2017-03-25 2,260 791 501
2016-12-24 2,234 738 500
2016-09-24 2,194 728 437
2016-06-25 2,195 722 227

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Maxim Integrated Products's earnings are expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
  • Maxim Integrated Products's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MXIM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Maxim Integrated Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MXIM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 3.00 3.23 2.78 2.00
2020-06-30 2.55 2.81 2.36 13.00
2019-06-30 2.20 2.25 2.17 13.00
NasdaqGS:MXIM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 2.36
2018-12-29 2.57
2018-09-29 1.82
2018-06-30 1.66
2018-03-31 1.55
2017-12-30 1.36
2017-09-23 2.08
2017-06-24 2.02
2017-03-25 1.77
2016-12-24 1.76
2016-09-24 1.53
2016-06-25 0.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Maxim Integrated Products is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Maxim Integrated Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Maxim Integrated Products has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MXIM Past Performance

  How has Maxim Integrated Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Maxim Integrated Products's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Maxim Integrated Products has delivered over 20% year on year earnings growth in the past 5 years.
  • Maxim Integrated Products's 1-year earnings growth exceeds its 5-year average (50.1% vs 20.5%)
  • Maxim Integrated Products's earnings growth has exceeded the US Semiconductor industry average in the past year (50.1% vs 13.8%).
Earnings and Revenue History
Maxim Integrated Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Maxim Integrated Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MXIM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 2,390.94 654.10 316.10 442.14
2018-12-29 2,497.15 717.11 323.29 449.46
2018-09-29 2,542.89 510.21 330.76 455.05
2018-06-30 2,480.07 467.32 322.92 450.94
2018-03-31 2,448.92 436.46 315.44 452.90
2017-12-30 2,381.53 383.04 308.12 451.67
2017-09-23 2,309.90 588.53 294.34 449.83
2017-06-24 2,295.62 571.61 291.51 453.98
2017-03-25 2,259.74 500.64 287.87 453.46
2016-12-24 2,233.77 500.24 285.66 459.47
2016-09-24 2,193.61 437.23 287.76 458.52
2016-06-25 2,194.72 227.48 288.90 467.16
2016-03-26 2,211.11 233.80 289.95 475.22
2015-12-26 2,233.12 173.42 293.94 479.96
2015-09-26 2,289.10 33.92 300.07 502.80
2015-06-27 2,306.86 206.04 308.07 521.77
2015-03-28 2,366.81 192.17 318.69 544.02
2014-12-27 2,395.23 235.28 323.60 561.60
2014-09-27 2,448.70 351.67 327.29 568.63
2014-06-28 2,453.66 354.81 324.73 558.17
2014-03-29 2,419.39 389.03 323.66 546.38
2013-12-28 2,418.59 395.27 324.94 539.02
2013-09-28 2,403.63 427.54 321.53 531.79
2013-06-29 2,441.46 452.31 324.28 534.82
2013-03-30 2,438.22 443.93 322.18 536.82
2012-12-29 2,404.55 337.85 318.24 538.75
2012-09-29 2,390.60 349.36 319.00 545.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Maxim Integrated Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Maxim Integrated Products used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Maxim Integrated Products has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Maxim Integrated Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Maxim Integrated Products has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MXIM Health

 How is Maxim Integrated Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Maxim Integrated Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maxim Integrated Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maxim Integrated Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Maxim Integrated Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Maxim Integrated Products Company Filings, last reported 3 months ago.

NasdaqGS:MXIM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 1,662.75 992.23 1,898.43
2018-12-29 1,755.41 991.87 1,960.64
2018-09-29 1,912.32 1,491.27 2,563.42
2018-06-30 1,930.94 1,490.55 2,626.40
2018-03-31 1,950.99 1,489.84 2,724.39
2017-12-30 1,985.70 1,489.12 2,823.28
2017-09-23 2,197.74 1,488.41 2,773.99
2017-06-24 2,202.69 1,487.68 2,744.84
2017-03-25 2,160.31 991.88 2,155.88
2016-12-24 2,144.19 991.28 2,086.90
2016-09-24 2,135.24 1,240.47 2,293.44
2016-06-25 2,107.81 1,239.81 2,270.67
2016-03-26 2,138.76 1,000.00 1,860.42
2015-12-26 2,148.82 1,000.00 1,773.47
2015-09-26 2,114.80 1,000.00 1,608.63
2015-06-27 2,290.02 988.71 1,626.12
2015-03-28 2,253.85 1,001.03 1,467.34
2014-12-27 2,241.74 1,001.03 1,380.88
2014-09-27 2,411.40 1,001.03 1,318.98
2014-06-28 2,429.91 1,001.40 1,372.43
2014-03-29 2,400.60 1,003.40 1,231.25
2013-12-28 2,356.06 1,003.84 1,149.91
2013-09-28 2,398.44 505.76 1,034.58
2013-06-29 2,508.00 505.59 1,200.05
2013-03-30 2,612.57 807.89 1,573.08
2012-12-29 2,581.21 308.79 1,030.30
2012-09-29 2,568.44 308.86 925.13
  • Maxim Integrated Products's level of debt (59.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41.8% vs 59.7% today).
  • Debt is well covered by operating cash flow (79.1%, greater than 20% of total debt).
  • Maxim Integrated Products earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Maxim Integrated Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Maxim Integrated Products has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MXIM Dividends

 What is Maxim Integrated Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.01%
Current annual income from Maxim Integrated Products dividends. Estimated to be 3.06% next year.
If you bought $2,000 of Maxim Integrated Products shares you are expected to receive $60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Maxim Integrated Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Maxim Integrated Products's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MXIM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MXIM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 1.94 5.00
2020-06-30 1.84 10.00
2019-06-30 1.83 10.00
NasdaqGS:MXIM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 1.840 3.217
2019-04-30 1.840 3.070
2019-01-29 1.840 3.303
2018-11-01 1.840 3.521
2018-10-30 1.840 3.613
2018-08-17 1.840 3.286
2018-07-26 1.840 2.996
2018-04-26 1.680 2.845
2018-01-26 1.680 2.818
2018-01-25 1.680 2.947
2017-10-20 1.440 2.700
2017-10-19 1.440 2.820
2017-08-11 1.440 3.076
2017-07-20 1.440 3.186
2017-04-21 1.320 2.853
2017-04-20 1.320 2.921
2017-01-27 1.320 2.941
2017-01-26 1.320 3.049
2016-10-21 1.320 3.330
2016-10-20 1.320 3.345
2016-08-12 1.320 3.334
2016-07-21 1.320 3.274
2016-04-21 1.200 3.263
2016-01-21 1.200 3.509
2015-10-23 1.200 3.209
2015-10-22 1.200 3.115
2015-08-18 1.200 3.526
2015-07-23 1.200 3.551
2015-04-24 1.120 3.345
2015-04-23 1.120 3.320
2015-02-04 1.120 3.205
2015-01-22 1.120 3.332
2014-10-23 1.120 3.679
2014-07-24 1.120 3.767
2014-04-24 1.040 3.094
2014-01-23 1.040 3.288
2013-10-24 1.040 3.638
2013-07-25 1.040 3.598
2013-04-25 0.960 3.298
2013-01-24 0.960 3.009
2012-10-25 0.960 3.299
2012-07-26 0.960 3.506
2012-04-26 0.880 3.408
2012-01-26 0.880 3.161
2011-10-20 0.880 3.385
2011-07-28 0.880 3.770
2011-04-21 0.840 3.290
2011-01-20 0.840 3.239
2010-11-02 0.840 3.528
2010-10-28 0.840 3.971
2010-07-29 0.840 4.777
2010-04-29 0.800 4.461
2010-01-28 0.800 4.171
2009-10-29 0.800 4.278
2009-08-06 0.800 4.362
2009-04-30 0.800 5.018
2009-01-29 0.800 6.147
2008-10-29 0.800 6.504
2008-08-07 0.800 4.594

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Maxim Integrated Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Maxim Integrated Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maxim Integrated Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maxim Integrated Products has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MXIM Management

 What is the CEO of Maxim Integrated Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tunç Doluca
COMPENSATION $8,085,050
AGE 61
TENURE AS CEO 12.5 years
CEO Bio

Mr. Tunç Doluca has been the President and the Chief Executive Officer of Maxim Integrated Products, Inc. since January 1, 2007. Mr. Doluca served as Group President of Maxim Integrated Products Inc., since May 2005 and its Senior Vice President from 2004 to 2005. Prior to 1994, he served in a number of integrated circuit development positions. He joined Maxim Integrated Products Inc., in October 1984 as a member of its integrated circuit design development staff and then served as its Vice President since from July 1994 to 2004. At that time, he designed the industry's first high-integration, notebook power-supply IC (the MAX786), and designed ICs until 1996. While at Maxim, Mr. Doluca personally designed over 40 products and holds 11 patents. In 1994, he became the leader of first vertical business unit for portable power-management products. Mr. Doluca established the first vertical business unit at Maxim, focused on portable power management products, now a significant revenue generator for Maxim Integrated Products Inc. He also served as Maxim's Vice President of Research and Development before his Business Unit responsibility. He holds eleven mixed signal design patents. Mr. Doluca has been a Director of Semiconductor Industry Association since June 2011 and served as its chairman from 2017 to 2018. He serves as Director at Maxim Integrated Products Inc. since January 2007. He is a Director at Western Digital Corporation since August 2018. Mr. Doluca attended the Middle East Technical University in Ankara and holds a BSEE degree from Iowa State University and an MSEE degree from University of California, Santa Barbara.

CEO Compensation
  • Tunç's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tunç's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Maxim Integrated Products management team in years:

7.8
Average Tenure
58.5
Average Age
  • The average tenure for the Maxim Integrated Products management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tunç Doluca

TITLE
President
COMPENSATION
$8M
AGE
61
TENURE
12.5 yrs

Bruce Kiddoo

TITLE
CFO, SVP & Principal Accounting Officer
COMPENSATION
$3M
AGE
58
TENURE
10.8 yrs

Vivek Jain

TITLE
Senior Vice President of Technology & Manufacturing Group
COMPENSATION
$2M
AGE
59
TENURE
10.1 yrs

Ed Medlin

TITLE
Senior VP & General Counsel
COMPENSATION
$2M
AGE
62
TENURE
8.8 yrs

David Loftus

TITLE
Vice President of Worldwide Sales & Marketing
COMPENSATION
$3M
AGE
58
TENURE
3.7 yrs

Kathy Ta

TITLE
Vice President of Investor Relations

Laura Owen

TITLE
Chief Human Resources Officer
AGE
63
TENURE
2.5 yrs

Chris Neil

TITLE
Senior Vice President of New Ventures
COMPENSATION
$1M
AGE
53
TENURE
7.8 yrs

Bryan Preeshl

TITLE
Senior Vice President of Quality
AGE
57
TENURE
3.5 yrs

Dave Dwelley

TITLE
VP & Chief Technical Officer
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Maxim Integrated Products board of directors in years:

10.9
Average Tenure
64
Average Age
  • The average tenure for the Maxim Integrated Products board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bill Sullivan

TITLE
Chairman
COMPENSATION
$351K
AGE
69
TENURE
3.2 yrs

Tunç Doluca

TITLE
President
COMPENSATION
$8M
AGE
61
TENURE
12.5 yrs

Jim Bergman

TITLE
Independent Director
COMPENSATION
$322K
AGE
77
TENURE
31.5 yrs

Joe Bronson

TITLE
Independent Director
COMPENSATION
$324K
AGE
71
TENURE
11.7 yrs

Bob Grady

TITLE
Independent Director
COMPENSATION
$311K
AGE
62
TENURE
10.9 yrs

Bill Watkins

TITLE
Independent Director
COMPENSATION
$302K
AGE
66
TENURE
10.9 yrs

MaryAnn Wright

TITLE
Independent Director
COMPENSATION
$296K
AGE
57
TENURE
2.9 yrs

Tracy Accardi

TITLE
Independent Director
COMPENSATION
$299K
AGE
59
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • Maxim Integrated Products individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Jun 19 Sell Bruce Kiddoo Individual 10. Jun 19 10. Jun 19 -5,000 $58.52 $-292,609
07. May 19 Sell Vivek Jain Individual 03. May 19 03. May 19 -4,246 $60.59 $-257,265
19. Mar 19 Sell David Loftus Individual 15. Mar 19 15. Mar 19 -13,614 $53.81 $-732,569
06. Mar 19 Sell Sumeet Gagneja Individual 04. Mar 19 04. Mar 19 -430 $55.49 $-23,862
08. Feb 19 Sell James Bergman Individual 06. Feb 19 06. Feb 19 -3,910 $56.52 $-220,997
05. Feb 19 Sell Joseph Bronson Individual 01. Feb 19 01. Feb 19 -5,000 $54.67 $-273,369
17. Dec 18 Sell Bryan Preeshl Individual 13. Dec 18 13. Dec 18 -924 $53.65 $-49,573
14. Dec 18 Sell Tracy Accardi Individual 12. Dec 18 12. Dec 18 -2,830 $54.25 $-153,517
06. Dec 18 Sell Sumeet Gagneja Individual 03. Dec 18 03. Dec 18 -517 $56.72 $-29,325
20. Nov 18 Sell James Bergman Individual 16. Nov 18 16. Nov 18 -4,400 $53.24 $-234,248
13. Sep 18 Sell David Loftus Individual 11. Sep 18 11. Sep 18 -6,623 $60.23 $-397,417
12. Sep 18 Sell Joseph Bronson Individual 10. Sep 18 10. Sep 18 -5,000 $58.98 $-294,895
27. Aug 18 Sell Bryan Preeshl Individual 23. Aug 18 23. Aug 18 -1,371 $62.09 $-85,119
20. Aug 18 Sell Sumeet Gagneja Individual 16. Aug 18 16. Aug 18 -471 $60.74 $-28,607
14. Aug 18 Sell Vivek Jain Individual 10. Aug 18 10. Aug 18 -474 $61.85 $-29,317
09. Aug 18 Sell Edwin Medlin Individual 07. Aug 18 07. Aug 18 -7,768 $63.04 $-489,692
X
Management checks
We assess Maxim Integrated Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Maxim Integrated Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MXIM News

Simply Wall St News

Should Maxim Integrated Products (NASDAQ:MXIM) Be Disappointed With Their 78% Profit?

To wit, the Maxim Integrated Products share price has climbed 78% in five years, easily topping the market return of 41% (ignoring dividends). … Over half a decade, Maxim Integrated Products managed to grow its earnings per share at 12% a year. … We note that for Maxim Integrated Products the TSR over the last 5 years was 109%, which is better than the share price return mentioned above.

Simply Wall St -

Can Maxim Integrated Products, Inc. (NASDAQ:MXIM) Save Your Portfolio?

High quality companies, such as Maxim Integrated Products, Inc., are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … NasdaqGS:MXIM Historical Debt, June 21st 2019 With US$992m debt on its books, Maxim Integrated Products has to pay interest periodically. … Characteristics I value in a long term investment are proven in Maxim Integrated Products, and I can continue to sleep easy at night with the stock as part of my portfolio.

Simply Wall St -

Is Maxim Integrated Products, Inc.'s (NASDAQ:MXIM) ROE Of 39% Impressive?

See our latest analysis for Maxim Integrated Products How Do I Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Maxim Integrated Products: 39% = US$654m ÷ US$1.7b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Maxim Integrated Products's Debt And Its 39% Return On Equity While Maxim Integrated Products does have some debt, with debt to equity of just 0.60, we wouldn't say debt is excessive.

Simply Wall St -

Are Maxim Integrated Products, Inc.'s (NASDAQ:MXIM) Interest Costs Too High?

This article will examine Maxim Integrated Products’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … See our latest analysis for Maxim Integrated Products MXIM’s Debt (And Cash Flows) MXIM has shrunk its total debt levels in the last twelve months, from US$1.5b to US$992m , which includes long-term debt. … On top of this, MXIM has generated US$785m in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 79%, meaning that MXIM’s operating cash is sufficient to cover its debt.

Simply Wall St -

Is Now An Opportune Moment To Examine Maxim Integrated Products, Inc. (NASDAQ:MXIM)?

I find that Maxim Integrated Products’s ratio of 22.7x is trading slightly above its industry peers’ ratio of 20.1x, which means if you buy Maxim Integrated Products today, you’d be paying a relatively reasonable price for it. … And if you believe that Maxim Integrated Products should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value. … Given that Maxim Integrated Products’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on.

Simply Wall St -

Is Maxim Integrated Products, Inc.'s (NASDAQ:MXIM) CEO Paid Enough Relative To Peers?

In 2007 Tunç Doluca was appointed CEO of Maxim Integrated Products, Inc. … View our latest analysis for Maxim Integrated Products … How Does Tunç Doluca's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Maxim Integrated Products, Inc. (NASDAQ:MXIM) A Great Dividend Stock?

Dividend paying stocks like Maxim Integrated Products, Inc. … In this case, Maxim Integrated Products likely looks attractive to investors, given its 3.1% dividend yield and a payment history of over ten years. … Explore this interactive chart for our latest analysis on Maxim Integrated Products!

Simply Wall St -

Are Maxim Integrated Products, Inc.’s (NASDAQ:MXIM) High Returns Really That Great?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Maxim Integrated Products, Inc. (NASDAQ:MXIM) Insiders Have Been Selling

So we'll take a look at whether insiders have been buying or selling shares in Maxim Integrated Products, Inc. … That means that an insider was selling shares at slightly below the current price (US$54.96). … In total, Maxim Integrated Products insiders sold more than they bought over the last year.

Simply Wall St -

The Maxim Integrated Products (NASDAQ:MXIM) Share Price Is Up 68% And Shareholders Are Holding On

(NASDAQ:MXIM) shareholders have enjoyed a 68% share price rise over the last half decade, well in excess of the market return of around 42% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Maxim Integrated Products managed to grow its earnings per share at 13% a year.

Simply Wall St -

MXIM Company Info

Description

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. It serves automotive, communications and data center, computing, consumer, and industrial markets. The company markets its products through a direct-sales and applications organization, as well as through its own and other unaffiliated distribution channels. Maxim Integrated Products, Inc. was founded in 1983 and is headquartered in San Jose, California.

Details
Name: Maxim Integrated Products, Inc.
MXIM
Exchange: NasdaqGS
Founded: 1983
$16,661,517,220
272,425,069
Website: http://www.maximintegrated.com
Address: Maxim Integrated Products, Inc.
160 Rio Robles,
San Jose,
California, 95134,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MXIM Common Stock Nasdaq Global Select US USD 29. Feb 1988
DB MXI Common Stock Deutsche Boerse AG DE EUR 29. Feb 1988
WBAG MXIM Common Stock Wiener Boerse AG AT EUR 29. Feb 1988
Number of employees
Current staff
Staff numbers
7,149
Maxim Integrated Products employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:42
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.