Maxim Integrated Products
- Home ›
- US ›
- Semiconductors
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
1 Year Returns
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.
MXIM Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Maxim Integrated Products.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Maxim Integrated Products's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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%).
Future performance checks
We assess Maxim Integrated Products's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Maxim Integrated Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Maxim Integrated Products's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Maxim Integrated Products Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess Maxim Integrated Products's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Maxim Integrated Products has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
Income/ dividend checks
We assess Maxim Integrated Products's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
President
$8M
61
12.5 yrs
Bruce Kiddoo
CFO, SVP & Principal Accounting Officer
$3M
58
10.8 yrs
Vivek Jain
Senior Vice President of Technology & Manufacturing Group
$2M
59
10.1 yrs
Ed Medlin
Senior VP & General Counsel
$2M
62
8.8 yrs
David Loftus
Vice President of Worldwide Sales & Marketing
$3M
58
3.7 yrs
Kathy Ta
Vice President of Investor Relations
Laura Owen
Chief Human Resources Officer
63
2.5 yrs
Chris Neil
Senior Vice President of New Ventures
$1M
53
7.8 yrs
Bryan Preeshl
Senior Vice President of Quality
57
3.5 yrs
Dave Dwelley
VP & Chief Technical Officer
2.5 yrs
Board of Directors Tenure
Average tenure and age of the Maxim Integrated Products board of directors in years:
- 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
Chairman
$351K
69
3.2 yrs
Tunç Doluca
President
$8M
61
12.5 yrs
Jim Bergman
Independent Director
$322K
77
31.5 yrs
Joe Bronson
Independent Director
$324K
71
11.7 yrs
Bob Grady
Independent Director
$311K
62
10.9 yrs
Bill Watkins
Independent Director
$302K
66
10.9 yrs
MaryAnn Wright
Independent Director
$296K
57
2.9 yrs
Tracy Accardi
Independent Director
$299K
59
2.9 yrs
Who owns this company?
Recent Insider Trading
- Maxim Integrated Products individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Maxim Integrated Products's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCan 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 - – Full articleIs 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 - – Full articleAre 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleAre 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 - – Full articleMaxim 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 - – Full articleThe 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 - – Full articleMXIM 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
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.
