Analyst Rating Update on MaxLinear Inc (MXL)

MaxLinear Inc (MXL) : 5 analysts are covering MaxLinear Inc (MXL) and their average rating on the stock is 1.2, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. MaxLinear Inc (MXL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels.

MaxLinear Inc (MXL) : 5 Wall Street analysts covering MaxLinear Inc (MXL) believe that the average level the stock could reach for the short term is $24.2. The maximum price target given is $30 and the minimum target for short term is around $18, hence the standard deviation is calculated at $5.02.

For the current week, the company shares have a recommendation consensus of Buy.


MaxLinear Inc (NYSE:MXL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.27 and $20.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.44, notching a gain of 0.09% for the day. The total traded volume was 910,926 . The stock had closed at $21.42 on the previous day.

MaxLinear, Inc. is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits. The Companys products receive and process RF and digital signals and enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro, and long-haul transport network applications.

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