Analyst Price Target Update on MaxLinear Inc (NYSE:MXL)

MaxLinear Inc (NYSE:MXL): According to 4 Analysts, The short term target price has been estimated at $ 22.25.The target price could deviate by a maximum of $4.03 from the forecast price. In the near term, the target price could hit a high of $27 and a low of $ 18.

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

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Pardun Thomas E, director of Maxlinear Inc, had unloaded 18,000 shares at an average price of $20.39 in a transaction dated on June 3, 2016. The total value of the transaction was worth $367,020.

MaxLinear Inc (NYSE:MXL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.22 points or 1.09% at $19.91 with 1,126,527 shares getting traded. Post opening the session at $20, the shares hit an intraday low of $19.77 and an intraday high of $20.3 and the price was in this range throughout the day. The company has a market cap of $1,255 million and the number of outstanding shares have been calculated to be 63,044,947 shares. The 52-week high of MaxLinear Inc (NYSE:MXL) is $20.9782 and the 52-week low is $9.

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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