NasdaqGS:MXIM

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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, rest of Asia, Europe, and internationally. More Details


Snowflake Analysis

Adequate balance sheet with acceptable track record.


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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MXIM's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.2%

MXIM

1.2%

US Semiconductor

2.1%

US Market


1 Year Return

42.0%

MXIM

45.3%

US Semiconductor

19.8%

US Market

Return vs Industry: MXIM underperformed the US Semiconductor industry which returned 45.2% over the past year.

Return vs Market: MXIM exceeded the US Market which returned 19.7% over the past year.


Shareholder returns

MXIMIndustryMarket
7 Day0.2%1.2%2.1%
30 Day15.1%10.4%8.1%
90 Day15.9%11.7%6.0%
1 Year45.4%42.0%48.0%45.3%22.5%19.8%
3 Year69.8%55.5%89.8%79.8%46.5%36.8%
5 Year156.2%120.3%254.4%220.6%96.9%75.3%

Long-Term 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

Valuation

Is Maxim Integrated Products undervalued compared to its fair value and its price relative to the market?

31.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MXIM ($81.38) is trading above our estimate of fair value ($56.64)

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 (31.9x) compared to the US Semiconductor industry average (36.7x).

PE vs Market: MXIM is poor value based on its PE Ratio (31.9x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: MXIM is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: MXIM is overvalued based on its PB Ratio (12.7x) compared to the US Semiconductor industry average (3.4x).


Next Steps

Future Growth

How is Maxim Integrated Products forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MXIM's forecast earnings growth (10.3% per year) is above the savings rate (2.2%).

Earnings vs Market: MXIM's earnings (10.3% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: MXIM's earnings are forecast to grow, but not significantly.

Revenue vs Market: MXIM's revenue (6.2% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: MXIM's revenue (6.2% 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 high in 3 years time (31.2%)


Next Steps

Past Performance

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

23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MXIM has high quality earnings.

Growing Profit Margin: MXIM's current net profit margins (30%) are lower than last year (34.9%).


Past Earnings Growth Analysis

Earnings Trend: MXIM's earnings have grown significantly by 23.8% per year over the past 5 years.

Accelerating Growth: MXIM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MXIM had negative earnings growth (-11.3%) over the past year, making it difficult to compare to the Semiconductor industry average (22.8%).


Return on Equity

High ROE: MXIM's Return on Equity (40%) is considered high.


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 ($446.3M).

Long Term Liabilities: MXIM's short term assets ($2.4B) exceed its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: MXIM's debt to equity ratio (58.1%) is considered high.

Reducing Debt: MXIM's debt to equity ratio has increased from 47.3% to 58.1% over the past 5 years.

Debt Coverage: MXIM's debt is well covered by operating cash flow (82.7%).

Interest Coverage: MXIM's interest payments on its debt are well covered by EBIT (49.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.41%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MXIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MXIM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MXIM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MXIM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MXIM is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MXIM's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Tunç Doluca (62 yo)

13.83yrs

Tenure

US$7,330,479

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 ($USD7.33M) is below average for companies of similar size in the US market ($USD10.79M).

Compensation vs Earnings: Tunç's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Tunç Doluca
President13.83yrsUS$7.33m0.50%
$ 107.8m
Brian White
CFO, Chief Accounting Officer & Senior VP1.25yrsUS$7.48m0.044%
$ 9.5m
Vivek Jain
Senior Vice President of Technology & Manufacturing Group11.42yrsUS$2.05m0.00037%
$ 80.5k
Edwin Medlin
Senior VP and Chief Legal1.33yrsUS$2.65m0.0089%
$ 1.9m
Jon Imperato
Senior Vice President of Worldwide Sales & Marketing1.08yrsUS$3.63m0.020%
$ 4.4m
Kathy Ta
Vice President of Investor Relationsno datano datano data
Laura Owen
Chief Human Resources Officer3.83yrsno datano data
Christopher Neil
Senior Vice President of New Ventures9.17yrsUS$1.47mno data
Bryan Preeshl
Senior Vice President of Quality4.83yrsUS$1.55m0.0088%
$ 1.9m
David Dwelley
VP & Chief Technical Officer3.83yrsno datano data
Mark Casper
General Counsel & VPno datano datano data
Sophie Han
Country Manager & MD of Maxima Koreano datano datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Management: MXIM's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tunç Doluca
President13.83yrsUS$7.33m0.50%
$ 107.8m
Robert Grady
Independent Director12.25yrsUS$283.76k0.0050%
$ 1.1m
Mercedes Johnson
Independent Director1.17yrsUS$330.42k0.0016%
$ 341.5k
William Watkins
Independent Director12.25yrsUS$280.76k0.0033%
$ 722.2k
William Sullivan
Independent Chairman4.5yrsUS$345.26k0.0086%
$ 1.9m
Joseph Bronson
Independent Director13yrsUS$301.76k0.0064%
$ 1.4m
James Bergman
Independent Director32.83yrsUS$300.76k0.030%
$ 6.5m
Mary Wright
Independent Director4.25yrsUS$283.76k0.0048%
$ 1.0m
Tracy Accardi
Independent Director4.25yrsUS$278.76k0.0059%
$ 1.3m

12.3yrs

Average Tenure

66yo

Average Age

Experienced Board: MXIM's board of directors are seasoned and experienced ( 12.3 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$21.753b
  • Shares outstanding: 267.30m
  • Website: https://www.maximintegrated.com

Number of Employees


Location

  • Maxim Integrated Products, Inc.
  • 160 Rio Robles
  • San Jose
  • California
  • 95134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MXIMNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1988
MXIDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1988
0JZMLSE (London Stock Exchange)YesCommon StockGBUSDFeb 1988
MXIXTRA (XETRA Trading Platform)YesCommon StockDEEURFeb 1988
MXIMWBAG (Wiener Boerse AG)YesCommon StockATEURFeb 1988
M1XI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REPR 1 COMBRBRLJan 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, rest of Asia, Europe, and internationally. T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 00:07
End of Day Share Price2020/11/25 00:00
Earnings2020/09/26
Annual Earnings2020/06/27


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.