Many MaxLinear, Inc(MXL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Needham on Feb 10, 2017 to Buy, Raises Price Target to $ 29 from a previous price target of $26 .Company shares were Reiterated by Needham on Jan 25, 2017 to Buy, Raises Price Target to $ 26 from a previous price target of $22.50 .Company shares were Reiterated by The Benchmark Company on Dec 9, 2016 to Buy, Raises Price Target to $ 28 from a previous price target of $24 .
Company has reported several Insider transactions to the SEC, on Dec 5, 2016, Brendan Walsh (VP, Product Line Marketing) sold 10,000 shares at 19.49 per share price.On Nov 29, 2016, Connie H. Kwong (Corporate Controller & PAO) sold 743 shares at 22.01 per share price.On Jun 6, 2016, Thomas E Pardun (director) sold 18,000 shares at 20.39 per share price.
MaxLinear Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.40. The company had revenue of $96.30 million for the quarter, compared to analysts expectations of $95.87 million. The companys revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
MaxLinear, Inc (NYSE:MXL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.17 by 6 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.
MaxLinear, Inc (NYSE:MXL) shares are expected to touch $26.8 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 4.32. The target price could hit $30 on the higher end and $20 on the lower end.
MaxLinear, Inc (NYSE:MXL) rose 0.11% or 0.03 points on Tuesday and made its way into the gainers of the day. After trading began at $26.64 the stock was seen hitting $26.93 as a peak level and $26.316 as the lowest level. The stock ended up at $26.77. The daily volume was measured at 748,636 shares. The 52-week high of the share price is $27.5 and the 52-week low is $13.86. The company has a market cap of $1,743 million.
MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Companys RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Companys integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinears current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California.