Maxim Integrated Products Inc. (MXIM) released its third quarter results on Thursday, April 29, 2021. The company reported net earnings of $0.81 per share for the third quarter ending March 31, 2021. Earnings for this past quarter were up 36 percent compared to the same period a year ago.
Maxim Integrated Products, Inc. was founded in 1983 and is headquartered in San Jose, California. 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. The company also provides various high-frequency process technologies and capabilities used in custom designs.
Maxim Integrated Products' revenue increased 12 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 70.26% for the third quarter compared to the same period in the previous year, and operating margins increased to 37.3% over the same period. Net earnings for past trailing twelve months were $780.82 million, down 4% from the prior year.
Moving on to the balance sheet, Maxim Integrated Products’ cash levels jumped 24% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 9.68% this past year. The current ratio for Maxim Integrated Products now stands at 5.38. The company decreased shares outstanding by 0.51%.
Shares of MXIM are currently trading around $97.07. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 33.6 and price to book ratio of 12.26.