Maxim Integrated Products
Market Cap
US$18.6b
Last Updated
2020/07/14 23:54 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has Maxim Integrated Products's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MXIM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
13.7%
MXIM
2.3%
US Semiconductor
1.5%
US Market
1 Year Return
13.7%
MXIM
36.3%
US Semiconductor
6.9%
US Market
Return vs Industry: MXIM underperformed the US Semiconductor industry which returned 32.3% over the past year.
Return vs Market: MXIM exceeded the US Market which returned 5.3% over the past year.
Shareholder returns
| MXIM | Industry | Market | |
|---|---|---|---|
| 7 Day | 13.7% | 2.3% | 1.5% |
| 30 Day | 22.4% | 7.6% | 5.9% |
| 90 Day | 34.2% | 22.4% | 17.9% |
| 1 Year | 17.6%13.7% | 38.9%36.3% | 9.2%6.9% |
| 3 Year | 64.0%49.0% | 80.8%71.1% | 36.4%27.5% |
| 5 Year | 162.6%123.6% | 200.8%171.2% | 64.9%47.0% |
Price Volatility Vs. Market
How volatile is Maxim Integrated Products's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
These 4 Measures Indicate That Maxim Integrated Products (NASDAQ:MXIM) Is Using Debt Reasonably Well2 weeks ago | Simply Wall St
What Does Maxim Integrated Products' (NASDAQ:MXIM) CEO Pay Reveal?Valuation
Is Maxim Integrated Products undervalued compared to its fair value and its price relative to the market?
23.23x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MXIM ($69.93) is trading above our estimate of fair value ($35.46)
Significantly Below Fair Value: MXIM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MXIM is good value based on its PE Ratio (23.2x) compared to the US Semiconductor industry average (36.6x).
PE vs Market: MXIM is poor value based on its PE Ratio (23.2x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: MXIM is poor value based on its PEG Ratio (6.5x)
Price to Book Ratio
PB vs Industry: MXIM is overvalued based on its PB Ratio (11.5x) compared to the US Semiconductor industry average (3.1x).
Next Steps
Future Growth
How is Maxim Integrated Products forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
3.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MXIM's forecast earnings growth (3.6% per year) is above the savings rate (2.2%).
Earnings vs Market: MXIM's earnings (3.6% per year) are forecast to grow slower than the US market (22.5% per year).
High Growth Earnings: MXIM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MXIM's revenue (3.2% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: MXIM's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MXIM's Return on Equity is forecast to be very high in 3 years time (54.1%).
Next Steps
Past Performance
How has Maxim Integrated Products performed over the past 5 years?
29.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MXIM has high quality earnings.
Growing Profit Margin: MXIM's current net profit margins (37%) are higher than last year (27.4%).
Past Earnings Growth Analysis
Earnings Trend: MXIM's earnings have grown significantly by 29% per year over the past 5 years.
Accelerating Growth: MXIM's earnings growth over the past year (24.5%) is below its 5-year average (29% per year).
Earnings vs Industry: MXIM earnings growth over the past year (24.5%) exceeded the Semiconductor industry -10.8%.
Return on Equity
High ROE: MXIM's Return on Equity (50.3%) is considered outstanding.
Next Steps
Financial Health
How is Maxim Integrated Products's financial position?
Financial Position Analysis
Short Term Liabilities: MXIM's short term assets ($2.3B) exceed its short term liabilities ($387.9M).
Long Term Liabilities: MXIM's short term assets ($2.3B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: MXIM's debt to equity ratio (61.3%) is considered high.
Reducing Debt: MXIM's debt to equity ratio has increased from 44.4% to 61.3% over the past 5 years.
Debt Coverage: MXIM's debt is well covered by operating cash flow (83.1%).
Interest Coverage: MXIM earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Maxim Integrated Products's current dividend yield, its reliability and sustainability?
2.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MXIM's dividend (2.75%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: MXIM's dividend (2.75%) is low compared to the top 25% of dividend payers in the US market (4.59%).
Stability and Growth of Payments
Stable Dividend: MXIM's dividends per share have been stable in the past 10 years.
Growing Dividend: MXIM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.8%), MXIM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MXIM's dividends in 3 years are forecast to be covered by earnings (78.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Tunç Doluca (62yo)
13.5yrs
Tenure
US$9,143,785
Compensation
Mr. Tunç Doluca has been the President and the Chief Executive Officer of Maxim Integrated Products, Inc. since January 1, 2007. Mr. Doluca served as Group President of Maxim Integrated Products Inc., sinc ...
CEO Compensation Analysis
Compensation vs Market: Tunç's total compensation ($USD9.14M) is about average for companies of similar size in the US market ($USD11.56M).
Compensation vs Earnings: Tunç's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.5yrs | US$9.14m | 0.53% $99.2m | |
| Senior Vice President of Technology & Manufacturing Group | 11.08yrs | US$2.35m | 0.0041% $772.0k | |
| Senior VP and Chief Legal | 1yr | US$2.35m | 0.012% $2.2m | |
| Senior Vice President of Quality | 4.5yrs | US$1.55m | 0.010% $1.9m | |
| CFO, Chief Accounting Officer & Senior VP | 0.92yr | no data | 0.038% $7.0m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Human Resources Officer | 3.5yrs | no data | no data | |
| Senior Vice President of New Ventures | 8.83yrs | US$1.47m | no data | |
| VP & Chief Technical Officer | 3.5yrs | no data | no data | |
| Executive Director of Investor Relations | 15.67yrs | no data | no data | |
| VP & GM of Automotive Business Unit | no data | no data | no data |
4.5yrs
Average Tenure
60yo
Average Age
Experienced Management: MXIM's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.5yrs | US$9.14m | 0.53% $99.2m | |
| Independent Director | 11.92yrs | US$301.29k | 0.014% $2.6m | |
| Independent Director | 0.83yr | no data | no data | |
| Independent Director | 11.92yrs | US$288.29k | 0.0021% $384.1k | |
| Independent Chairman | 4.17yrs | US$347.79k | 0.0073% $1.4m | |
| Independent Director | 12.67yrs | US$309.29k | 0.0064% $1.2m | |
| Independent Director | 32.5yrs | US$308.29k | 0.030% $5.6m | |
| Independent Director | 3.92yrs | US$281.29k | 0.0048% $900.7k | |
| Independent Director | 3.92yrs | US$286.29k | 0.0047% $872.7k |
11.9yrs
Average Tenure
66yo
Average Age
Experienced Board: MXIM's board of directors are seasoned and experienced ( 11.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MXIM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Maxim Integrated Products, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Maxim Integrated Products, Inc.
- Ticker: MXIM
- Exchange: NasdaqGS
- Founded: 1983
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$18.648b
- Shares outstanding: 266.68m
- Website: https://www.maximintegrated.com
Number of Employees
Location
- Maxim Integrated Products, Inc.
- 160 Rio Robles
- San Jose
- California
- 95134
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MXIM | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 1988 |
| MXI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1988 |
| 0JZM | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Feb 1988 |
| MXI | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Feb 1988 |
| MXIM | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Feb 1988 |
| M1XI34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/14 23:54 |
| End of Day Share Price | 2020/07/14 00:00 |
| Earnings | 2020/03/28 |
| Annual Earnings | 2019/06/29 |
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.