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Maxim Integrated Products Inc Q2 adjusted earnings Beat Estimates

Maxim Integrated Products Inc. Q2 adjusted earnings Beat Estimates SUNNYVALE (dpa-AFX) - Maxim Integrated Products Inc. (MXIM) reported a profit for its second quarter that rose from the same period last year. The company s earnings totaled $183.95 million, or $0.68 per share. This compares with $146.05 million, or $0.53 per share, in last year s second quarter. Excluding items, Maxim Integrated Products Inc. reported adjusted earnings of $196.94 million or $0.73 per share for the period. Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items. The company s revenue for the quarter rose 14.0% to $628.29 million from $551.07 million last year.

A Look Into Maxim Integrated Products Price Over Earnings

In the current market session, Maxim Integrated Products Inc. (NASDAQ:MXIM) is trading at $91.92, after a 0.56% decrease. However, over the past month, the stock increased by 6.86%, and in the past year, by 49.40%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 6.62%. The P/E ratio is used by long-term shareholders to assess the company s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not

Power-over-Ethernet Chipsets Market May Set New Growth Story | Cisco Systems, Microsemi, STMicroelectronics

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Hardware Encryption Market worth $313 million by 2025

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