Maxim Integrated Products
Market Cap
US$15.4b
Last Updated
2019/12/11 23:36 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
Outstanding 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.5%
MXIM
3.3%
US Semiconductor
0.8%
US Market
1 Year Return
6.8%
MXIM
38.4%
US Semiconductor
17.8%
US Market
Return vs Industry: MXIM underperformed the US Semiconductor industry which returned 38.4% over the past year.
Return vs Market: MXIM underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| MXIM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 3.3% | 0.8% |
| 30 Day | -2.1% | 1.1% | 1.8% |
| 90 Day | -3.2% | 8.0% | 4.1% |
| 1 Year | 10.6%6.8% | 41.2%38.4% | 20.4%17.8% |
| 3 Year | 64.5%49.8% | 84.0%73.8% | 45.9%36.4% |
| 5 Year | 120.7%88.0% | 136.0%112.9% | 68.1%49.6% |
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
2 days ago | Simply Wall St
Maxim Integrated Products, Inc. (NASDAQ:MXIM) Is Yielding 3.4% - But Is It A Buy?2 weeks ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Maxim Integrated Products, Inc. (NASDAQ:MXIM)3 weeks ago | Simply Wall St
Interested In Maxim Integrated Products, Inc. (NASDAQ:MXIM)’s Upcoming 0.9% Dividend? You Have 4 Days LeftValuation
Is Maxim Integrated Products undervalued compared to its fair value and its price relative to the market?
20.54x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MXIM ($57.88) is trading above our estimate of fair value ($52.52)
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 (20.5x) compared to the Semiconductor industry average (31.3x).
PE vs Market: MXIM is poor value based on its PE Ratio (20.5x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: MXIM is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: MXIM is overvalued based on its PB Ratio (8.8x) compared to the US Semiconductor industry average (3x).
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?
8.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MXIM's forecast earnings growth (8.7% per year) is above the savings rate (1.7%).
Earnings vs Market: MXIM's earnings (8.7% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: MXIM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MXIM's revenue (6.5% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: MXIM's revenue (6.5% 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 (48.2%).
Next Steps
Past Performance
How has Maxim Integrated Products performed over the past 5 years?
27.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MXIM has high quality earnings.
Growing Profit Margin: MXIM's current net profit margins (34.9%) are higher than last year (20.1%).
Past Earnings Growth Analysis
Earnings Trend: MXIM's earnings have grown significantly by 27.5% per year over the past 5 years.
Accelerating Growth: MXIM's earnings growth over the past year (51.1%) exceeds its 5-year average (27.5% per year).
Earnings vs Industry: MXIM earnings growth over the past year (51.1%) exceeded the Semiconductor industry -15.8%.
Return on Equity
High ROE: MXIM's Return on Equity (43.2%) is considered outstanding.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Maxim Integrated Products's financial position?
Financial Position Analysis
Short Term Liabilities: MXIM's short term assets ($2.4B) exceed its short term liabilities ($342.5M).
Long Term Liabilities: MXIM's short term assets ($2.4B) exceed its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: MXIM's debt to equity ratio (55.7%) is considered high.
Reducing Debt: MXIM's debt to equity ratio has increased from 41.6% to 55.7% over the past 5 years.
Debt Coverage: MXIM's debt is well covered by operating cash flow (81.6%).
Interest Coverage: MXIM earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: MXIM has a high level of physical assets or inventory.
Debt Coverage by Assets: MXIM's debt is covered by short term assets (assets are 2.4x debt).
Next Steps
Dividend
What is Maxim Integrated Products's current dividend yield, its reliability and sustainability?
3.32%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MXIM's dividend (3.32%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: MXIM's dividend (3.32%) is low compared to the top 25% of dividend payers in the US market (3.72%).
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 (66.7%), 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 (71.9% payout ratio).
Next Steps
Management
What is the CEO of Maxim Integrated Products's salary, the management and board of directors tenure and is there insider trading?
3.9yrs
Average management tenure
CEO
Tunç Doluca (61yo)
12.9yrs
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 ($USD10.94M).
Compensation vs Earnings: Tunç's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.9yrs
Average Tenure
58.5yo
Average Age
Experienced Management: MXIM's management team is considered experienced (3.9 years average tenure).
Board Age and Tenure
11.3yrs
Average Tenure
65yo
Average Age
Experienced Board: MXIM's board of directors are seasoned and experienced ( 11.3 years average tenure).
Insider Trading
Insider Buying: MXIM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 2,204 |
| Max Price | US$55.29 |
| Entity | Individual |
| Role | Chief Administrative Officer Senior VP and Chief Legal |
| Shares | 5,000 |
| Max Price | US$59.81 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | US$60.00 |
| Entity | Individual |
| Role | Head of Sales Vice President of Worldwide Sales & Marketing |
| Shares | 10,000 |
| Max Price | US$57.93 |
| Entity | Individual |
| Role | Chief Technology Officer Senior Vice President of Technology & Manufacturing Group |
| Shares | 10,852 |
| Max Price | US$57.92 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,400 |
| Max Price | US$57.45 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$57.21 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,500 |
| Max Price | US$54.63 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 8,310 |
| Max Price | US$54.62 |
| Entity | Individual |
| Role | Chief Technology Officer Senior Vice President of Technology & Manufacturing Group |
| Shares | 12,683 |
| Max Price | US$54.92 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$52.71 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$58.52 |
| Entity | Individual |
| Role | Chief Technology Officer Senior Vice President of Technology & Manufacturing Group |
| Shares | 4,246 |
| Max Price | US$60.59 |
| Entity | Individual |
| Role | Head of Sales Vice President of Worldwide Sales & Marketing |
| Shares | 13,614 |
| Max Price | US$53.81 |
| Entity | Individual |
| Shares | 430 |
| Max Price | US$55.49 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,910 |
| Max Price | US$56.52 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$54.67 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Quality |
| Shares | 924 |
| Max Price | US$53.65 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Tunç Doluca (61yo)
President
- Tenure: 12.9yrs
- Compensation: US$9.14m
Ed Medlin (62yo)
Senior VP and Chief Legal
- Tenure: 0.4yrs
- Compensation: US$2.35m
David Loftus (58yo)
Vice President of Worldwide Sales & Marketing
- Tenure: 4.1yrs
- Compensation: US$3.08m
Chris Neil (53yo)
Senior Vice President of New Ventures
- Tenure: 8.3yrs
- Compensation: US$1.47m
Laura Owen (63yo)
Chief Human Resources Officer
- Tenure: 2.9yrs
Brian White (54yo)
CFO, Chief Accounting Officer & Senior VP
- Tenure: 0.3yrs
Vivek Jain (59yo)
Senior Vice President of Technology & Manufacturing Group
- Tenure: 10.5yrs
- Compensation: US$2.35m
Bryan Preeshl (57yo)
Senior Vice President of Quality
- Tenure: 3.9yrs
- Compensation: US$1.55m
Kathy Ta
Vice President of Investor Relations
- Tenure: 0yrs
Dave Dwelley
VP & Chief Technical Officer
- Tenure: 2.9yrs
Board Members
Bob Grady (62yo)
Independent Director
- Tenure: 11.3yrs
- Compensation: US$301.29k
Mercedes Johnson (65yo)
Independent Director
- Tenure: 0.3yrs
Tunç Doluca (61yo)
President
- Tenure: 12.9yrs
- Compensation: US$9.14m
Bill Watkins (66yo)
Independent Director
- Tenure: 11.3yrs
- Compensation: US$288.29k
Bill Sullivan (69yo)
Independent Chairman
- Tenure: 3.6yrs
- Compensation: US$347.79k
Joe Bronson (71yo)
Independent Director
- Tenure: 12.1yrs
- Compensation: US$309.29k
Jim Bergman (77yo)
Independent Director
- Tenure: 31.9yrs
- Compensation: US$308.29k
Tracy Accardi (59yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$286.29k
MaryAnn Wright (57yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$281.29k
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$15.373b
- Shares outstanding: 270.61m
- 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 |
| MXIM | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Feb 1988 |
| MXI | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Feb 1988 |
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 internationall ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 23:36 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/28 |
| 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.