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Shares of Maxim Integrated Products (NASDAQ:MXIM) have earned an average recommendation of “Buy” from the twenty-two ratings firms that are presently covering the company, American Banking reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.11.

Maxim Integrated Products (NASDAQ:MXIM) traded up 0.19% on Monday, hitting $31.11. 109,970 shares of the company’s stock traded hands. Maxim Integrated Products has a 52 week low of $27.18 and a 52 week high of $35.76. The stock has a 50-day moving average of $31.69 and a 200-day moving average of $32.48. The company has a market cap of $8.833 billion and a P/E ratio of 25.24.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, July 24th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.05. The company had revenue of $642.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Maxim Integrated Products will post $1.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Tuesday, August 19th. This is an increase from Maxim Integrated Products’s previous quarterly dividend of $0.26.

In other Maxim Integrated Products news, VP David Caron sold 7,034 shares of Maxim Integrated Products stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $30.77, for a total value of $216,436.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on MXIM. Analysts at Goldman Sachs downgraded shares of Maxim Integrated Products from a “conviction-buy” rating to a “buy” rating in a research note on Monday, August 18th. Separately, analysts at Morgan Stanley downgraded shares of Maxim Integrated Products from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 30th. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Maxim Integrated Products in a research note on Friday, July 25th. They now have a $28.00 price target on the stock, down previously from $31.00.

Maxim Integrated Products, Inc (NASDAQ:MXIM) designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a number of customers in diverse geographical locations.

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